NATIONAL INTELLECTUAL PROPERTY AWARD

sree nivas October 21, 2022 GS3 Leave a comment 172 Views

The Indian Institute of Technology Madras has won the national intellectual property award for 2021 and 2022.
The Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, had instituted the award.
The criteria was patent applications, grants and commercialisation. Piyush Goyal, Union Minister for Commerce and Industry, presented the award.
Institute director V. Kamakoti, who received the award comprising a trophy, citation and ₹1 lakh, congratulated the stakeholders for the achievement.
The Institute’s Dean, Manu Santhanam, said the IP office of IC&SR provides complete support for filing and technology transfer to the faculty members.

Intellectual Property Award

The Minister said that today, technology & ideas are the twin engines of growth, IPR is the fuel that powers them and this award not only recognises the innovative ideas of individuals & institutions but also serves as an inspiration for others.
He said there is need to bring an IP revolution for Inclusive Progress in the nation and strengthening IPR laws. He said it will boost job creation, quality, competitiveness & manufacturing.
The Minister said that powered by Intellectual Property, India can be the “Innovation Powerhouse” of the world.
Shri Goyal said that Intellectual Property Rights actually translates into India’s progress in real-time and extend Intellectual Property Right to India’s Prosperity Right. He said, we must aim to make India the “Design hub of World”
Shri Goyal said that just like geographical boundaries guard our country’s interests, Intellectual Property is the guardian of our country’s prospects.
Shri Goyal further added that Intellectual property is the cornerstone of nation’s progress & showcases ingenuity of our youth.
It is the key for success of Start-up India, Make in India & Design in India. He said under Prime Minister’s guidance, India has taken giant strides in creating a robust IPR regime & an ecosystem to foster innovation.
Shri Goyal further said that IP has the power & potential to change lives & create livelihoods for billions.
He said that today we recognise IP as one of the most valuable assets in India’s ability to compete in global economy.
He said, our IP Rights must ensure whoever invents in India is not only protected but guaranteed to prosper .A strong IPR regime will empower the expansion & energize the industry in challenging times.
In his concluding remarks, the Minister said that from Cars to Computers & from Sewing Machines to Spaceships, we must encourage all to design a better future for humanity. He said that we all need to contribute ideas in order to make our IP regime more proficient.