There is 50% rise in the number of patents granted by India in 2017.
• As per the latest World Intellectual Property Organization (WIPO) report 2018, there has been 50% rise in number of patents granted by India in 2017.
• Pharmaceuticals sector in India accounted for 15.7% of the Indian domestic applications for patents last year.
• India ranked 10th in the number of patents given last year.
• Trademarks: India registered a total of 339,692 of new trademarks in 2017.
- Increases in the number of trademarks registered or applied for indicates growing entrepreneurship in India.
• Global scenario: According to WIPO report, the total of 1.4 million patents were granted in 2017. China patent authority led the world in the number of patents granted with 420,144 patents followed by USA with 318,829 patents.
• Technology Innovation Support Centers (TISCs): It is an initiative of Department of Industrial Policy and Promotion in India in which centers of excellence are established under WIPO TISC programme.
• Objective of TISC: To give impetus to sharing of best practices and knowledge among TISCs, capacity building, generation and commercialization of Intellectual Properties.
- TISC provides services like access to online patent and non-patent (scientific and technical) resources and IP-related publications.
- There are already three TISC functional in India at Visakhapatnam, Chandigarh and Chennai. The 4th WIPO support center will be opened in Jaipur.
World Intellectual Property Organization
• WIPO is the global forum for intellectual property services, policy, information and cooperation. It is among the 15 specialized agencies of the United Nations and was set
up in 1967.
• Membership: It is a self-funding agency of the United Nations, with 191 member states.
• Headquarters: Geneva.
Different types of Intellectual Property (IP)
• Patents: It is a set of exclusive right granted for an invention. To get a patent, technical information about the invention must be disclosed to the public in a patent application.
• The patents are issued for certain period of time and are granted by sovereign state to an inventor.
• Trademark: It is a distinctive sign or symbol used by a business organization, individual or other established legal entity that is used to differentiate that entity’s products and services from others. They are typically a word, phrase, design or symbol.
• Copyright: It grants the right to copy a work of intellectual property. It also assigns credit for the IP. The copyrights are assigned to written works, songs, films, works of art, etc. Copyrights are issued for a finite amount of time, usually between 50 and 100 years from the time of the author’s death.
• Trade Secret: A trade secret is a design, formula, process or other piece of IP that is not known to the general public, which provides an economic advantage over competitors.