In­dia must fo­cus on IP cre­ation, com­mer­cial­i­sa­tion: ICRIER re­port

Chemical Industry Digest - - News & Views -

To har­ness In­dia’s po­ten­tial as an in­no­va­tion ecosys­tem there needs to be more fo­cus on In­tel­lec­tual Prop­erty cre­ation and com­mer­cial­i­sa­tion. But, there is a huge gap in this space, ac­cord­ing to a re­cent re­port.

A white pa­per ‘In­dia as an In­no­va­tion Econ­omy: Role of IP and ICT’ re­leased by the In­dian Coun­cil for Re­search on In­ter­na­tional Eco­nomic Re­la­tions (ICRIER) and the Euro­pean Busi­ness and Tech­nol­ogy Cen­tre (EBTC) ob­served that to re­alise the po­ten­tial, re­search fund­ing from pub­lic and pri­vate do­mains should in­crease.

In­dia is the sec­ond largest telecom­mu­ni­ca­tion mar­ket with In­for­ma­tion and Com­mu­ni­ca­tion Tech­nol­ogy (ICT) rev­enue ex­pected to reach $225 bil­lion in 2020. But, as a coun­try we lack in terms of in­no­va­tion and fil­ing In­tel­lec­tual Prop­erty (IP) due to lack of funds to cre­ate in­no­va­tive so­lu­tions.

Ac­cord­ing to a re­port from the Depart­ment of In­dus­trial Pol­icy and Pro­mo­tion, patent fil­ing in In­dia has in­creased by 5.1 per­cent from 2016-17 to 2017-18. How­ever, of the 45,057 patents filed in 2017, as re­ported in the World In­tel­lec­tual Prop­erty Or­gan­i­sa­tion, only 29 per­cent were filed by res­i­dents and the rest were from for­eign in­no­va­tors. The low level of patent fil­ing in In­dia needs to im­prove.

Cur­rently, In­dia in­vests less than 1 per­cent of the pub­lic fund in re­search com­pared to de­vel­oped coun­tries which in­vest 4 per­cent. To utilise its full po­ten­tial, in­vest­ment and sup­port from the pri­vate sec­tor in re­search is nec­es­sary. The re­port sug­gested that patent fil­ing can be in­creased through col­lab­o­ra­tion be­tween the In­dian Patent Of­fice and other lead­ing IP of­fices of world such as the Euro­pean Patent Of­fice through shar­ing of data and in­for­ma­tion.

Com­mer­cial­i­sa­tion and dispute mech­a­nism are other ma--

jor chal­lenges. While many sci­en­tists work on cre­at­ing IP, there is no much fo­cus on com­mer­cial­i­sa­tion. Alka Chawla, As­so­ci­ate Pro­fes­sor, Delhi Univer­sity and Na­tional Ex­pert Europe In­dia IP Fa­cil­i­ta­tion Fo­rum, EBTC, and au­thor of the pa­per, said, “Non­com­mer­cial­i­sa­tion of IP is not only a loss to the cre­ator and the gov­ern­ment but also a loss to the econ­omy.” Chawla sug­gested that IP could be mon­e­tised through mar­ket-driven ap­proach rather than a reg­u­la­tory ap­proach. It will en­cour­age lo­cal in­vest­ment in de­vel­op­ing new tech­nolo­gies

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