Indians achieves new milestone for Domestic patent filings
According to a study conducted by NITI Aayog, domestic patent filings in India have exceeded international filings for the first time in the last 11 years.
- For the first time in the last 11 years, the number of domestic patent filings in the Indian Patent Office has exceeded the number of international patent filings.
- Overall, the total patent filings have increased by more than 50% over the past 7 years.
- India’s ranking in the Global Innovation Index (GII) improved to the 48th position in the year 2021. It may be noted that India was ranked 81 in the year 2015-16.
Reasons for increase in domestic patent filings-
- National Intellectual Property Rights (IPR) Policy (2018) has been announced for Creative India and Innovative India.
- The Department for Promotion of Industry and Internal Trade (DPIIT) is making continuous efforts to strengthen the IPR regime in India. This department is the nodal agency for implementation of Intellectual Property Rights Policy.
- Scheme for Intellectual Property Rights awareness has been announced.
- The time taken for verification of patents in various technical areas has been reduced from 72 months in December 2016 to 5-23 months at present.
- Application fee for patent is being waived. 10% off on online patent filing. Apart from this, 80% fee concession has been given for start-ups, small institutions and educational institutions.
- Rapid scrutiny of applications is being done from Startups and Micro, Small and Medium Enterprises (MSMEs), among other categories.
- NITI Aayog has started releasing India Innovation Index (III) to promote innovation etc.
- Intellectual property refers to the creativity of the mind. This includes inventions, literary and artistic works, designs and symbols, names and images used in commerce.
- Examples of intellectual property are patents, copyrights and trademarks.
- The Global Innovation Index (GII) is jointly published by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD. This index measures innovations in the above-mentioned areas. It ranks the performance of innovation mechanisms in different countries on 81 different indicators.
Source – The Hindu