The following presentation was delivered by Dr. Kalyan C. Kankanala at the one day Seminar on ‘IPR Management for Startups in Electronics and ICT Sectors’ on 6th May 2016, in Hyderabad, organized by Andhra Pradesh Technology Development & Promotion Centre (APTDC) of Confederation of Indian Industry (CII) in association with Department of Electronics and IT (DeitY). Participants of the seminar included Budding Entrepreneurs, Managers/Executives in Startups and Professionals in various functional areas of Startups such as Research & Development, Marketing,…
Scheme for Start-up Intellectual Property Protection (a.k.a Startup India):
Eligibility Criteria:
Any business entity registered in India, which is less than FIVE years old, whose annual turnover is less than Rs. 25 Cr in any of the preceding financial year, which is “working towards innovation, development, deployment or commercialization of new products, processes or service driven by technology or intellectual property”, certified by the Startup Promotion Board can avail the benefits under this scheme.
Benefits relating Intellectual Property:
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In the past year the Indian startup industry has made tremendous strides with some large acquisitions, layoffs, new entries from abroad, move towards app only solutions and sky high valuations. One thing however has been clear; the focus continues to be on technology based enablement of services and solutions, or consumer internet, and such a focus will continue for the next several years.
Intellectual property, particularly patents, can become an essential part of a startups’ foundation, identify, USP and…
On 16th January, 2016, Prime Minister of India unveiled the Government's Start-Up policy. The primary objective of the policy is to promote economic growth and employment opportunities. To promote a culture of starting up, the Prime Minister announced the following among others:
Three Year Tax cuts for Start-Ups, which are started after March, 2016;
Quick start and quick closure of start-ups. It was announced that one can start in a day and close in 90days;
Self-attestations for…
Prime Minister Narendra Modi and his team on a whirlwind promotional tour in the US are drumming up interest in what India can offer to start-ups. It is no longer a secret that the Indian start-up scene is hot as evidenced by the throngs of venture capitalists vying for a piece of the next Flipkart or Ola. There isn’t a limitation of people in India with ideas and the talent to build successful start-ups, however there are serious concerns about the…
The program organized by NSRCEL, IIMB's entrepreneurship cell on 5th September, 2015, was a great success. More than five hundred aspiring entrepreneurs registered for the event, and close to two hundred were on campus. Many others joined the event online and viewed the webcast.
Proceedings
The event started with an introduction to the start-ups series of NSRCEL, and their role in promoting entrepreneurship. Once the preliminaries, by Mr Keshav were out of the way, Dr. Kalyan C. Kankanala gave his keynote…
You have cultivated an IP portfolio for your start up with trademarks, copyrights, patents, know-how, trade secret and designs, what now? These assets of your organization can be retained through their life and can be used tactically to keep competitors at bay. However, there are instances where your IP rights could be shared with others in return for compensation. This is referred known as IP licensing, where if you do an outright sale of the IP asset it is considered…
Starting up can be exhilarating, rewarding, and exhausting. With your focus being on product development, managing investments, building key partnerships, and attracting the right employees, your intellectual property and its role can sometimes be relegated to the backburner. Intangible assets such as Copyrights, Trademarks, Trade Secrets and Patents are playing an increasingly central role in start-ups and their transactions. The creation of intellectual property, it’s licensing and commercialization is the new reality. As a part of any valuation by a…
These are some basic questions VCs and Investors ask before investing in a start-up. What is the value of Intellectual Property (IP) for the start-up's business, revenues and competitive advantage in the market? Is the start up IP driven? How strong is the start-up’s IP portfolio when compared with its competitors? Is the IP ownership clear, and are all link documents in place? Will the IP Portfolio help in retaining revenues, and opening new revenue opportunities? Is the start-up’s IP…
Clearing IP Risks is very important before starting a business. A mistake with respect to this can kill a start-up. Some basic IP clearance steps to be taken by all start-ups and entrepreneurs are: Patent Risk Clearance Check if your business idea is the subject of any IP/Patent protection by another person or entity. Perform a patent search to check if any patents cover any aspect of your business. If your business or technology falls within…