World Mental Property Day: India witnessed 83,000 patent filings in FY2023, marking a staggering 24.6 per cent annual development charge, based on a Nasscom report launched on World Mental Property (IP) Day, which is well known on April 26 yearly. It was the best annual development charge in twenty years.
The report, Patenting Developments in India, famous that the rely of patents granted has doubled to over 100,000 between FY2019 and FY2023.
Listed below are high 6 tech traits from startups
Home Innovation Progress: The share of patents filed by residents of India has doubled during the last decade, from 33.6 per cent of the full filings within the fiscal 12 months 2019 to over 50 per cent by the fiscal 12 months 2023. This means extra focus and consciousness of mental rights within the nation, which is being led primarily by academic institutes.
The overall variety of patents granted has greater than doubled, rising from FY2019 to FY2023, with projections displaying over 100,000 patents between March 2023 and March 2024.
International engagement: Main Indian deep-tech startups have filed for greater than 900 patents since 2008. Furthermore, 32,000 patent functions beneath the Patent Cooperation Treaty (PCT) have been filed in India by different international locations. The info factors in the direction of such filings, which might point out India’s rising base within the world innovation panorama.
Sector-specific improvements: Most patent functions had been within the subject of healthcare, primarily round medical imaging, diagnosing, report era, and testing. Different areas which are primarily vital for submitting a patent are Automation/Software program Growth and Retail/e-commerce. In 2019, there have been spikes in synthetic intelligence patents about picture processing, pure language processing (NLP), and predictive modelling.
IoT know-how: IoT know-how is more and more being adopted for enhancing connectivity and automation throughout industries. The development reveals a rising integration of IoT options in sectors like manufacturing, good cities, and healthcare, that are leveraging interconnected gadgets for extra environment friendly operations.
Neurotechnology: This rising subject is seeing elevated curiosity from startups, specializing in growing applied sciences that enhance brain-computer interfaces and cognitive computing functions. These improvements are doubtless aimed toward healthcare functions, together with diagnostics and affected person monitoring programs.
Healthcare improvements: Startups are closely patenting in healthcare, particularly round medical imaging, diagnostics, report era, and testing. This development underscores the crucial function of know-how in reworking healthcare by way of extra correct and well timed diagnostics and personalised remedy plans.
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Printed: 26 Apr 2024, 04:48 PM IST
