New Delhi, Intellectual property (IP) rights, especially patents, are growing rapidly as innovation drives the economy, with a significant increase in patents filed in India led by the deep-tech sector, according to a recent study. happened. happened.
It said that Tamil Nadu filed the highest number of patents during FY 2023.
Industry body Nasscom on Friday released the seventh edition of its annual 'Patent Trends in India' study, highlighting approaches to promote an IP-led digital economy.
The study drew insights from annual reports of WIPO (World Intellectual Property Organization) and Intellectual Property India, among others.According to the report, 83,000 patents were filed in India in FY 2023, the highest growth of 24.6 percent in the last two decades. The share of patents filed by women in India increased to 11.6 percent in FY 2022, from 10.2 percent a year ago.
With 9.3 per cent of total patent filings during FY2013, Tamil Nadu overtook Maharashtra (contribution of 6.8 per cent) to grab the top rank.
Government subsidies for IP registration for startups and MSMEs (Micro Small and Medium Enterprises), facilitation centres, strong research and development ecosystem, literacy and increased number of PhD scholars are cited as some of the key drivers behind Tamil Nadu's top position. Has been quoted. Was named in.
It said the number of patents granted witnessed a significant increase of more than two times between FY 2019 and FY 2023.NASSCOM projected that this trend will increase significantly with more than 1,00,000 patents granted between March 2023 and March 2024. Over the past decade, the proportion of patents filed by residents (primer filers based in India) has almost doubled from 33.6 percent of the total. Filings in FY2019 will exceed 50 percent in FY23.
“This significant growth reflects the growing focus and growing awareness on intellectual property rights in the country. Educational institutions have been the key drivers of this growth,” NASSCOM said.,
The study highlights the growing momentum with respect to innovation in technology in India with leading Indian deep-tech startups filing 922 patents since 2008.
"...India's emphasis on innovation is growing. This is evidenced by the filing of over 90 patents by leading Indian deep-tech startups since 2008, as well as 32K Patent Cooperation Treaty (PCT) applications filed in India by other countries The focus is increasing,” it said.
The report said that around 70 per cent of Indian-origin filings are made by deep-tech startups at the Chennai Patent Office, of which 25-30 per cent come from Bengaluru.It said that most of these are in AI and healthcare sectors.
After India, the US has been the leading country for patents of major deep-tech startups in India. Furthermore, the report states that India's share in patents filed globally is just over one per cent, indicating the need for more focused initiatives in this direction. ,
“The increase in patent filings over the last few years is a clear indication of India's growing innovation power, especially in areas like Artificial Intelligence. To further increase domestic patent activity, it is important to create and increase awareness of intellectual property rights.Collaboration among stakeholders is essential,” said Debjani Ghosh, Chairman, NASSCOM.
It said that Tamil Nadu filed the highest number of patents during FY 2023.
Industry body Nasscom on Friday released the seventh edition of its annual 'Patent Trends in India' study, highlighting approaches to promote an IP-led digital economy.
The study drew insights from annual reports of WIPO (World Intellectual Property Organization) and Intellectual Property India, among others.According to the report, 83,000 patents were filed in India in FY 2023, the highest growth of 24.6 percent in the last two decades. The share of patents filed by women in India increased to 11.6 percent in FY 2022, from 10.2 percent a year ago.
With 9.3 per cent of total patent filings during FY2013, Tamil Nadu overtook Maharashtra (contribution of 6.8 per cent) to grab the top rank.
Government subsidies for IP registration for startups and MSMEs (Micro Small and Medium Enterprises), facilitation centres, strong research and development ecosystem, literacy and increased number of PhD scholars are cited as some of the key drivers behind Tamil Nadu's top position. Has been quoted. Was named in.
It said the number of patents granted witnessed a significant increase of more than two times between FY 2019 and FY 2023.NASSCOM projected that this trend will increase significantly with more than 1,00,000 patents granted between March 2023 and March 2024. Over the past decade, the proportion of patents filed by residents (primer filers based in India) has almost doubled from 33.6 percent of the total. Filings in FY2019 will exceed 50 percent in FY23.
“This significant growth reflects the growing focus and growing awareness on intellectual property rights in the country. Educational institutions have been the key drivers of this growth,” NASSCOM said.,
The study highlights the growing momentum with respect to innovation in technology in India with leading Indian deep-tech startups filing 922 patents since 2008.
"...India's emphasis on innovation is growing. This is evidenced by the filing of over 90 patents by leading Indian deep-tech startups since 2008, as well as 32K Patent Cooperation Treaty (PCT) applications filed in India by other countries The focus is increasing,” it said.
The report said that around 70 per cent of Indian-origin filings are made by deep-tech startups at the Chennai Patent Office, of which 25-30 per cent come from Bengaluru.It said that most of these are in AI and healthcare sectors.
After India, the US has been the leading country for patents of major deep-tech startups in India. Furthermore, the report states that India's share in patents filed globally is just over one per cent, indicating the need for more focused initiatives in this direction. ,
“The increase in patent filings over the last few years is a clear indication of India's growing innovation power, especially in areas like Artificial Intelligence. To further increase domestic patent activity, it is important to create and increase awareness of intellectual property rights.Collaboration among stakeholders is essential,” said Debjani Ghosh, Chairman, NASSCOM.
