Syllabus: GS3/ Science and Technology
Context
- India has secured in the top 10 countries for patents, trademarks, and industrial designs, according to the World Intellectual Property Organization (WIPO) 2024 report.
Key Highlights
- Patent Applications: India recorded a 15.7% growth in patent applications in 2023, the fastest among the top 20 global IP economies.
- Industrial Designs: Applications in industrial designs increased by 36.4%, showcasing a focus on creative and manufacturing sectors.
- Trademark Filings: India ranked 4th globally in trademark filings, with a 6.1% increase in 2023.
- Global IP Trends: Resilience in IP Filings: A total of 3.55 million patent applications were filed globally in 2023, up by 2.7% from 2022.
- The growth was primarily driven by Asian countries, with India, China, the United States, Japan, and South Korea leading the increase.
| What is Intellectual Property? – Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. – IP is protected in law by patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. Types of intellectual property – Patent: A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. – Copyright: It is a legal term used to describe the rights that creators have over their literary and artistic works. – Trademark: It is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. – Industrial design: It constitutes the ornamental or aesthetic aspect of an article. – Geographical indications and appellations of origin are signs used on goods that have a specific geographical origin and possess qualities, a reputation or characteristics that are essentially attributable to that place of origin. – Trade secrets are IP rights on confidential information which may be sold or licensed. |
India’s initiative
- National IPR Policy 2016 encompassing all IPRs into a single vision document setting in place an institutional mechanism for implementation, monitoring and review of IP laws.
- The policy encourages innovation and creativity by providing stronger protection and incentives for inventors, artists, and creators.
- Cell for IPR Promotion and Management (CIPAM): It has been set up to coordinate the implementation of the National IPR Policy.
- National Intellectual Property Awareness Mission (NIPAM), a flagship program to impart IP awareness and basic training in educational institutes.
- Scheme for Facilitating Startups Intellectual Property Protection(SIPP): it is introduced to foster innovation and entrepreneurship by providing a supportive ecosystem for startups to protect and manage their IP assets.
- Atal Innovation Mission (AIM): It was set up by NITI Aayog in 2016 to promote a culture of innovation and entrepreneurship in India. AIM has created four programs to support these functions:
- Atal Tinkering Labs
- Atal Incubation Centers
- Atal New India Challenges and Atal Grand Challenges
- Mentor India.
Concluding remarks
- India’s impressive IP growth, marked by significant advancements in patents, industrial designs, and trademarks, underlines its commitment to fostering innovation and reinforcing its global economic presence.
- This momentum supports India’s broader goals of economic expansion and innovation-driven development.
| World Intellectual Property Organization (WIPO) – It is a self-funding agency of the United Nations, that serves the world’s innovators and creators, ensuring that their ideas travel safely to the market and improve lives everywhere. – History: WIPO was established in 1967 by the WIPO Convention. – Members: The organization has 193 member states including both developing and developed nations like India, Italy, Israel, Austria, Bhutan, Brazil, China, Cuba, Egypt, Pakistan, the U.S. and the U.K. 1. India joined WIPO in 1975. – Headquarters: Geneva, Switzerland. |
Source: DD NEWS
Previous article
Debating the ‘Healthy Longevity Initiative’ Report