New Delhi, July 30 (IANS) In a bid to boost innovation and modernise the industry, the Patent Office has granted a record 1,03,057 patents in the last fiscal (FY24), the Parliament was informed on Tuesday.
Union Minister of State for Commerce and Industry, Jitin Prasada, said that several steps have been taken by the government to further strengthen the Intellectual Property Rights (IPR) ecosystem in India.
“Owing to fee concessions in patent applications, there has been a significant increase in Patent filings by startups, MSMEs and educational Institutes,” the minister told the Lok Sabha in a reply to a question.
Similarly, 75 per cent fee concessions at each stage of prosecution of design applications are extended to startups and MSMEs and 50 per cent to Trade Mark application filing.
The Centre launched the National Intellectual Property Awareness Mission (NIPAM) in December 2021 to impart IP awareness and basic training in educational institutes across the country.
Minister Prasada said that more than 2 million people have been trained about IPRs to date. The Scheme for Facilitating Start-Ups Intellectual Property Protection (SIPP) was launched in 2016 to support startups in safeguarding their IP rights (patents, trademarks and designs) by providing the opportunity “to avail pro bono facilitation by empanelled IP experts and facilitation fees of the IP experts to be borne by the government”.
After the scheme, there has been a significant increase in IP applications by startups. As of June 23, 2024, the Office of Geographical Indications Registry has registered a total of 643 GI applications in the country, the government said.
–IANS
na/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
