Patenting in India: Policy, Procedure and Public Funding
Dr. Laxman Prasad
Published by : I K International Publishing House Pvt. Ltd
1 edition (30 January 2016)
Price: 1875 (INR)
Innovation plays an important role in economic growth. And economic growth is closely linked to innovation, therefore it’s essential to strengthen innovation capacities in a developing economy and Intellectual property (IP) protection is an important component of national economic policies of every country.
Protection of Intellectual property is crucial for building ‘innovation capacities’. A proper ‘IPR protecting’ system promotes innovation by providing legal protection of inventions. It provides incentives to create or to invent in fields relating to technology (patents), business (trademarks) and the arts (copyright).
However, without communicating and reaching out to various stakeholders about the need, process and procedures involved in IP creation, i.e., the scientific and technological research communities, profit and non-profit R&D labs & organizations, industries and SMEs, they may fail to participate in the process of IP protection.
Patenting in India: Policy, Procedure and Public Funding authored by Dr. Laxman Prasad, published by I K International Publishing House Pvt. Ltd, attempts to provide all aspects and information related to protecting IP to different ‘IP creating stakeholders. The book deals with all aspects of patenting and IPR system.
The book is ‘intended primarily to be useful for the research students, research scientists and industries’. The book details procedures to be adopted at all stages during ‘pre-patenting’ and ‘patenting’.
Though, there is a considerable rise in the number of patents filed in Indian Patent Office during the ‘Innovation Decade 2010-20’ as compared to the previous decade, the share of patent applications by Indian researchers are far below the level of filings by foreign researchers. The book attempts to address this issue particularly. It not only creates awareness among research scientists but also addresses ‘the lack of focus on the course of research, initially proposed to be undertaken by a researcher, that may lead to patentable products and progress’. Though the freedom to select a research problem lies with the researcher, ‘commercially viable patentable inventions would lead to economic growth’ and the book suggests remedies to many such practical aspects for IPR system.
‘The Global Competiveness Report 2014-15 has placed India at 71st rank in the comity of 144 nations’. The ranking is based on various indicators including the strength of institutions and infrastructure. ‘The current ranking of India at such a low position leaves enough scope for strengthening the existing infrastructure including innovation eco-system and Science and Technology infrastructure.’
It covers various practical and other essential matters that anyone dealing with patenting and IPR issues. It also provides details and aspects regarding pre-patenting activities and details about agencies providing financial and technical support to researchers for filing patent.
The book,”Patenting in India: Policy, Procedure and Public Funding” is comprehensive. The book contains 12 chapters. It caters to the needs of researchers, scientists, innovators, SME managers, entrepreneurs as well as others such as technocrats and policy makers.
It addresses and touches upon all relevant aspects. There is a chapter devoted to valuation of patents spelling out why and when to fix up royalty as well as the lump-sum payments. And also there are other relevant topics like dispute resolution, international arrangements for patent filing, and how patent literature may form resource material for researchers are all covered in different chapters.
Following are some other aspects covered:
- assigning and licensing of a patented invention
- methodologies used for valuation of a patented invention
- necessary forms to help file a patent application in India and overseas
- relevant clauses of the Patents Act
- Provides an epilogue to help researchers, and to suggest policy changes.
Apart from these, the book also provides a number of case studies to support the text.
The book is very relevant in the specific context of a strong and growing Science and Technology (S&T) base sprawling across India, but still not matching patent worthy applications. It is important that the stakeholders, particularly researchers and academia are adequately acquainted with the patenting procedures, and the industries have an insight into valuation of patents, in addition to having an understanding on the whole patenting procedures, IPR system and the IPR regime. The book will go a long way in this direction.
Dr. Laxman Prasad
Dr. Laxman Prasad graduated in Electrical Engineering in 1970 and was awarded Doctor of Philosophy in Electronics Engineering by Banaras Hindu University in 1976. Dr. Prasad also holds the Degree of Bachelor of Law (LL.B.) of Delhi University with Patents and International Trade as optional. Currently, he is associated with the Raj Kumar Goel Group of Institutions as Group Director, R&D.
Dr. Prasad retired joined the All India Radio through Engineering Services (Electronics) in 1973 and later joined the Department of Science and Technology (DST) as Sr. Scientific Officer Grade-I and rose to the position of Adviser in 1997. During his tenure in DST, he headed the various divisions, namely, Technology Transfer, Drugs and Pharma, Water Technology, Solar Energy Research Initiatives and National Science and Technology Management Information Systems. He has the distinction of chairing many committees and representing DST in Governing Boards of various institutions. He has represented the Government in national and international meetings organized by UNESCO, OECD, SAARC, UNCTAD, and ESCAP in various parts of the globe. He was associated with Queen Elizabeth House, University of Oxford, U.K. as Fellow during 1993-94. On superannuation in 2010 from the Department of Science and Technology, Dr Prasad took over as the Director of RKGIT, Ghaziabad and served the Institute up to Jan, 2013. He is a Fellow of the Institution of Electronics and Telecom Engineers, India (IETE) and Fellow of the Academy of Social Sciences (India). He is recipient of FIE Foundation National Award (1996) for promotion of Science and Technology in the country and has the honor of being the Distinguished Alumnus of the Banaras Hindu University.