The patent system has been introduced to encourage innovation throughout global economies. The intention is to promote the development of new ideas and technologies. India, being one of the fastest growing developing nations, is a huge playing field for development of new technologies and sees a lot of innovation at the grass root level, also known as “Jugaad/Frugal Innovation”. Recent studies have shown a surge in the R&D activities at major Universities in India. Higher autonomous education institutes such as IIT’s or NIT’s are now seen to focus more on researches and knowledge production. The interest of these institutes, in innovation along with the protection and commercialization of the IP has been increasing ever since. However, despite the increase in innovation and research, the growth in filing of patent applications by Indian Universities, is not relative and does not capture the growth of innovation at University level in India. Indians still lag behind in terms of patents granted or technologies commercialized. The few main reasons accounting for lack of growth of patents are: 1. Lack of specific legislation or policy for protection of innovation; 2. Lack of awareness in public/innovators towards Intellectual Property and its Management; 3. High cost towards Patent Prosecution. This paper addresses above reasons, amongst others, along with specific case studies of few universities, who have devised unique IP Management System for protection of both, the Innovators and Universities, which shall contribute towards building an ideal model for other Universities in India and throughout the world.
Pavit Singh Katoch, Vaish Associates & Advocates, India
Ritika Kishore, Federation of Indian Chambers of Commerce and Industries, India
Saurabh Vaid, Dua Associates, India
Stream: Law of Intellectual Property
This paper is part of the ECPEL2014 Conference Proceedings (View)
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