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ARTICLE · 03 AUGUST 2017

Coming Soon: Intellectual Property Exchange In India

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In yet another remarkable development in fostering innovation, creativity and intellectual property protection in India, the Government has announced that an Intellectual Property Exchange...

IndiaIntellectual Property
Shrimant Singh
Shrimant Singh
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In yet another remarkable development in fostering innovation, creativity and intellectual property protection in India, the Government has announced that an Intellectual Property Exchange will be developed under the Ministry of Science and Technology through the National Research Development Corporation (NRDC). The Exchange will enable the individuals and/or corporate entities to buy and sell IP rights across various sectors.

The said move by the Government of India is welcomed by the inventors and the industrial houses alike, the same would facilitate monetization of IP, benefiting the inventors and resulting in manufacturing and availability of better technologies to the public at large. The said exchange would not only be limited to inventions or patents but may also include facilitating monetization or commercialization of copyrights, designs, trademarks, geographical indication, etc.

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