4x jump in patent, trademark registrations in 5 years; ‘special care’ to MSME, startup applications: CGPDT

The minister recommended CGPDT for extra efforts to extend consciousness concerning the geographical indication (GI) tag and its significance. (Consultant picture)

Ease of Doing Enterprise for MSMEs: Highlighting the “particular care” given to expedite examination of patents filed by MSMEs, girls entrepreneurs, and startups, Controller Normal of Patents, Designs and Logos (CGPDT) knowledgeable the Commerce Minister Piyush Goyal a couple of four-fold improve in patent and trademark registrations previously 5 years. CGPDT officers in a overview assembly with Goyal over the reforms launched in inspecting and granting of patents, designs, copyrights, and emblems stated the variety of patents granted has elevated from 6,326 in 2015-16 to twenty-eight,391 in 2020-21, whereas trademark registration has shot up from 65,045 in 2015-16 to 2,55,993 in 2020-21. Additional, 4,505 copyrights had been granted in 2015-16 that elevated to 16,402 throughout FY21.

The officers briefed the minister over how the IP course of has been simplified and streamlined together with new timelines for disposal of purposes and shift to digital mode to advertise ease of submitting and acquiring providers. For instance, below Commerce Mark Guidelines 74 Varieties have been changed by eight consolidated Varieties. Goyal additionally, noting the 80 per cent discount in patent submitting charges for MSMEs, startups, and girls entrepreneurs by the division to advertise innovation, stated with digital emphasis, each software is processed on-line from begin to end, and hearings are performed on telephones.

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The minister recommended CGPDT for extra efforts to extend consciousness concerning the geographical indication (GI) tag and its significance. GI tags are used to point the geographical origin of the product and any distinctive high quality or popularity it holds as a result of origin. Goyal additionally requested officers to think about instituting scholarships for college kids learning Mental Property legislation and have interaction school from famend establishments on a part-time foundation to assist in the patent examination course of.

To be able to broaden and improve the community of Expertise Centres (Device Rooms and Expertise Improvement Centres) within the nation meant in direction of selling innovation amongst MSMEs, the Ministry of MSME had launched the World Financial institution-assisted Expertise Centre Techniques Programme (TCSP) at an estimated Projected value of Rs 2,200 crore final yr. “It’s anticipated that the community of TCs/ECs so created will even contribute to strengthen industry- academia linkages within the Nation in addition to assist innovation by the fashionable services, advance applied sciences like incubation/AR/VR/AI, and many others., supplied in these Centres,” MSME Ministry had stated in its FY21 annual report.