Author: Prof (Dr) Unnat P Pandit
India’s vision of Viksit Bharat by 2047 goes way beyond just hitting economic benchmarks. It envisions a nation where local ingenuity solves pressing global challenges, powered by a robust intellectual property (IP) ecosystem. This article explores how advancing resident-led IP creation positions India as an innovation powerhouse, turning ideas, concepts into domestic solutions to tackle global challenges. VIKSIT BHARAT TO VIKSIT INNOVATOR Viksit Bharat@2047 demands more than GDP milestones; it calls for an innovation-led economy spanning agriculture, digital tech, and green energy. Over half of India’s patent applications now originate from domestic entities, signalling a shift from imitation to origination.…
In the rapidly evolving business environment of the 21st century, startups often represent the cutting edge of innovation and technology. Startups are one of the pillars to drive the vision of an innovation-driven economy at the forefront of technological and creative advancements. However, the creative glow of the products and services demands strategic attention in the management and utilisation of Intellectual Property (IP). The strategic harnessing of IP can be a pivotal factor in their long-term success. This article examines the strategic utilisation of Intellectual Property by startups, including its various forms, the importance of IP strategy, steps for effective…