Reports and findings prove that tech firm which has a patent protection for their product has a higher advantage in the market. Overseas investors usually prefer investing in such companies, which has its copyright on its core intellectual property.

According to Sanjay Nayak, chief executive of Tejas Networks, "Filing a patent in the US can cost between Rs 5-10 lakh, excluding the annual maintenance fee, but startups that ignore patent protection are at a competitive disadvantage, he also added "Startups that ignored international patent filing to save costs will be encouraged to do so now."

As per the Indian Patent Office in the ministry of commerce and industry, there were about 39,400 patent applications filed in the year 2011, which marked an increase of 15 percent. Indian companies like Infosys and TCS, filed 28 and 32 patents respectively. However, most the patents were filed by multinational companies.

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