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ARTICLE · 07 DECEMBER 2018

Reforming University Research Ecosystem Can Help Uplift India's IPR Index

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Intellectual property rights (IPR) is now a well-accepted concept rightly utilized by creators to protect their intangible creations and enjoy an array of benefits ranging...

IndiaIntellectual Property
Heena Lamba
Heena Lamba
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Intellectual property rights (IPR) is now a well-accepted concept rightly utilized by creators to protect their intangible creations and enjoy an array of benefits ranging from exclusive rights to gaining royalties from licensees. IPRs usually bring monetary benefits to its creators and consequently also to the nation. Revenue generated from IPRs in the year 2016-17 was estimated to be ₹ 60831.51 lakh as per the Annual Report 2016- 17 of the Office of the Controller General of Patents, Designs, Trade Marks and Geographical Indications. Looking at its potential to generate revenues and foster further research and innovativeness, IPRs have now become important indicator for the economic growth of the country.

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