The IP industry is the fastest-growing industry in today’s world. People are becoming more innovative and creative. People are more doing unique discoveries and innovations. IP provides them with exclusive rights and protects their ownership. But still, some countries are lacking behind in this like India.
India is one of the world's largest and most difficult economies in terms of intellectual property protection and enforcement. Despite positive statements and initiatives by the Modi government, the pace of reform has not kept up with high-level calls to foster innovation and creativity. India has failed to take steps to address long-standing IP issues affecting innovative industries. But they are doing immense efforts to promote and encourage IP in the country.
With the emergence of the intellectual property system in India, both central and state governments have initiated Intellectual Property Rights (IPR) recognition schemes, policies, and programs, increasing support to educational institutions, government agencies, start-ups, etc. The various schemes are:
* STARTUP INDIA CAMPAIGN
The Startup India Campaign was created to encourage young and creative people to start their businesses. But new ideas and innovations being put into action need to be protected so that they encourage people to think and act on other new ideas and are the driving force behind a safe commercial and intellectual property environment. To protect the ideas and innovations of start-up companies, the Government of India has introduced the Scheme to Facilitate Intellectual Property Protection of Start-up Companies (SIPP) is created. Encourage innovation and creativity in -ups and among them. As such, intellectual property (IP) protection has become increasingly important in a highly competitive business environment, and this is recognized by governments as well.
* SIPP SCHEME AND IPR BENEFITS FOR START-UPS
Startups' Intellectual Property Protection (commonly known as SIPP) aims to promote awareness and acceptance of intellectual property rights among startups. The program tends to promote and mentor innovative and emerging technologies among startups and help protect and commercialize these technologies by providing access to quality IP services and resources...
The Startup Action Plan issued on 16th January 2016 envisages several benefits for Indian Startups, one of which is the benefits and easements of his IPR for Indian Startups.
* EMPANELMENT OF IP FACILATORS
Before the SIPP program was introduced and the subsequent use of IPR intermediaries under the program, start-ups often suffered from inadequate guidance from lawyers and agents unfamiliar with IP law and patent application drafting. was. However, after appointing her IPR facilitator to effectively implement the program, the startup can seek the assistance of her qualified IPR professionals for IPR filing and examination. They are paid directly by the government through the CGPDTM office. However, the public/legal costs of filing for patents, trademarks, and design patents must be borne by the startup itself.
* PATENTING AND TECHNOLOGY TRANSFER (BIRAC)
The program was created by BIRAC to boost the innovation ecosystem in India and enable the commercialization of the technology. They provide IP and technology management services for startups, SMEs, and universities. This program is open to all scholarship recipients offered by BIRAC and offers:
* Patent search
* Patent Drafting, Filing, and Application
* Patent/Technology Landscaping
* Technical Management
Reimbursement of intellectual property costs is determined by the Intellectual Property and Technology Management Advisory Committee and is granted by his BIRAC-approved rates for various intellectual property-related services.
BIRAC does not own the patents submitted and acts on behalf of the host institution/company, but shares the interest in commercializing the products.
* BUILDING AWARENESS OF INTELLECTUAL PROPERTY RIGHTS (MSME)
It is one of the components of the National Manufacturing Competitiveness Program (NMCP), which aims to raise awareness of MSMEs' intellectual property rights and take action to protect their ideas and business strategies. This program is for his MSME only.
The maximum grant for patent application support:
* National Patent - Rs 1 lakh
* Foreign Patent - Rs 5 lakh
MSMEs can apply for patent reimbursement by registering via.
These schemes promote startups. Intellectual property protects the rights and ownership of startups. This encourages startups to come up with more new inventions. These schemes will also ease IP transactions for startups so that they can easily enter the IP industry.
