NewKerala.com

Goyal Aims for Top 5 Global IP System, Highlights 345x Rise in Women Filers

Union Minister Piyush Goyal has called for making India's intellectual property approval system among the top five globally in speed and efficiency. He highlighted a staggering 345-fold increase in patent filings by women over the past 12 years as a key achievement. The Minister announced plans to establish 50,000 new innovation labs in schools and proposed an 80% fee reduction for women entrepreneurs and startups. Goyal cited India's rise in the Global Innovation Index and growth in patent filings as evidence of a strengthening innovation ecosystem.

Key Points: India Targets Top 5 Global IP Ranking, Says Piyush Goyal

  • Target top 5 global IP system ranking
  • 345x increase in women patent filings
  • 50,000 new school innovation labs planned
  • 80% fee reduction proposed for key groups
  • Patent filings grew 215% in a decade
3 min read

Piyush Goyal calls for global top five ranking for India's intellectual property system

Commerce Minister Piyush Goyal calls for India's IP system to rank among the world's top five, noting a 345-fold increase in patent filings by women.

"Innovate, Patent, Produce and Prosper. - Piyush Goyal"

New Delhi, March 10

Union Minister of Commerce & Industry Piyush Goyal, on Monday, called for making India's IP approval system among the top five globally in speed, transparency and efficiency. While emphasising the need to strengthen the innovation ecosystem, the Minister highlighted the importance of encouraging wider participation from startups, MSMEs, women, and youth.

According to a Ministry of Commerce & Industry release, the government aims to create a faster disposal mechanism for intellectual property applications to allow innovators to bring their ideas to market quickly.

Addressing the National IP Awards & IP Conference in New Delhi, Goyal said that faster and more efficient disposal of applications related to trademarks, patents, copyrights, designs and Geographical Indications (GI) would help promote a strong culture of innovation.

He noted that the awards recognise the valuable contributions of scientists, innovators, technocrats, MSMEs, entrepreneurs, agricultural institutes and IITs who are playing a key role in shaping India's innovation-driven growth. The Minister stated that the awardees represent the spirit of "New India" which embraces technology and seeks to remain at the cutting edge of global innovation.

The Minister stressed the importance of nurturing curiosity and the spirit of inquiry among children from a young age to build a culture of innovation. He referred to the government initiative to establish 50,000 new innovation labs in schools as a step toward fostering creativity and problem-solving among students. Goyal urged professionals and industry stakeholders to engage with their educational institutions as alumni to help students understand the value of entrepreneurship.

Highlighting the role of women in the sector, Goyal pointed out that patent filings by women increased by 345 times over the past 12 years. He emphasised that the participation of youth and women is critical in ensuring technological advancement and improving quality of life for citizens. The Minister noted that India's talent pool and large number of STEM graduates will significantly contribute to making the country's intellectual property ecosystem among the best in the world.

Regarding global benchmarks, the Minister noted that India improved its position in the Global Innovation Index from 81st in 2015 to 38th currently. He said that patent filings in India grew by nearly 215 per cent in the last decade, with the global ranking improving from 14th to 6th.

Goyal appreciates the efforts of the Controller General of Patents, Designs and Trade Marks for working to align the system with international standards and clearing the backlog of applications.

To further support the ecosystem, the Minister suggested that an 80 per cent fee reduction be extended for women entrepreneurs, startup innovators and micro and small enterprises for filings to make the system more affordable.

He also proposed exploring fast-track mechanisms to support these applicants. Goyal reiterated that the path forward lies in the vision to "Innovate, Patent, Produce and Prosper."

- ANI

Share this article:

Reader Comments

S
Sarah B
The focus on women innovators is impressive. A 345x increase in patent filings by women is a staggering statistic. Hope the proposed fast-track mechanisms become a reality soon.
V
Vikram M
Good intentions, but execution is key. We've heard similar promises before. The backlog clearance is a positive step, but we need to see sustained results on the ground. The ranking jump from 81 to 38 is commendable though.
P
Priya S
"Innovate, Patent, Produce and Prosper" – love this mantra! The plan for 50,000 school innovation labs is the most exciting part. Building that culture from childhood is how we'll create a truly innovative Bharat.
R
Rohit P
As someone who filed a patent last year, the process was still slow and confusing. Hope this push for transparency and speed actually reaches the common applicant. The fee reduction will help a lot of us.
K
Karthik V
Our STEM graduate pool is our biggest asset. Aligning our IP system with global standards will stop brain drain and keep innovation within the country. A top-5 ranking is ambitious but necessary.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50