India has made significant progress in the area of innovations over the recent years and is now one world world’s innovation-led nations with the quickest rate of growth. India has the third-largest start-up ecosystem in the world thanks to government measures that support IPR and the adoption of new, cutting-edge technologies.
IIMT College of Engineering, Greater Noida strive to contribute in developing our nation into a Hub of IP driven industries. The stepping stone has been strived, by adding new initiatives to promote and encourage innovation, such as concessions in IPR filing by start-ups and women entrepreneurs.
IIMT has been working on developing a conducive IP environment in the NCR region both via its own efforts and by supporting the efforts of government agencies, academic and research institutions and enterprises to strengthen the country’s IP framework and turn it into a hub of IP driven industries on a regular basis.
Here are some IIMT initiatives designed to strengthen its IPR ecosystem:
IP Facilitation Centre
Long ago, the focus of multinational corporations changed to IP-intensive goods and procedures. However, compared to the global average, Indian residents file far fewer IP applications. The “One Company One IP” initiative of the IIMT promotes businesses to create intellectual property (IP) such as patents, designs, trademarks, and geographic indications (GI), and it provides guidance on how to protect and market such IP. The Intellectual Property Facilitation Centre (IPFC) provides services to innovators, business owners, creative professionals, entrepreneurs, representatives of major businesses, etc. to protect, monetize, and enforce IPRs in order to advance this effort.
Capacity Building initiatives
In order to bridge the gap in innovation, IPR filing, and protection, IIMT has already been working closely with a range of external agencies to conduct advanced level capacity building programmes for IP ecosystem stakeholders.
IIMT has been arranging events and workshops on patents, trademarks, and designs for industry, academic/research institutions, and individuals in collaboration with the Department for Industry Promotion and Internal Trade (DPIIT) and IPO India.
Innovation and the creation of intellectual property (IP) are directly related economically since they increase corporate efficiency and profitability. Therefore, it is essential that the industry’s innovation mission continue to be strong in order to further aid the Indian economy in reaching new heights.