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Working of Patents – A Workable Proposition?

The Working of the Patent System The patent system promotes the progress of science and technology by granting exclusive rights to inventors for a limited period of time. On expiry of the limited period, the inventions enter the public domain and add to the pool of knowledge base for further inventive activity. It is believed that the exclusive rights granted by the patent system provide incentives to invent, invest, disclose and design, which push the limits of science and technology.…

BananaIP Reporter Intellectual Property, Patents September 7, 2015 2936Views 0Like

Featured Image is of the IIMB, as the post is about an NSRCEL organised panel discussion on intellectual property for start-ups in the IIMB auditorium on 5th September. To read the post click here.

NSRCEL’S IP For Start-ups at IIMB a Grand Success

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…

BananaIP Reporter IP for Start Ups September 5, 2015 752Views 0Like

Lee Pharma v. AstraZeneca- An unfinished Patent Story

Compulsory licensing cases and India have a peculiar relationship. They are in a way, soul sisters in the world of Intellectual property. Section 84 of the Patents Act, 1970 has always been the subject of intense debate. It hasn’t been very long since India issued its first ever compulsory licence to Natco Pharma, an Indian generic company, for Bayer’s blockbuster anti-cancer drug Nexavar (Sorafenib) in March 2012. Two other CL applications followed the Nexavar case, one relating to Roche’s Herceptin…

BananaIP Reporter Intellectual Property, Patents September 4, 2015 3463Views 0Like

The featured image is of the Lion Capital which consists of the Ashoka Chakra, with a horse and bull on either sides, and an hoisted Indian flag below it. The Lion Capital is the national emblem of India. The image is related to the post as it is a part of the Sinapse Series"Intellectual Property (IP) in India: A Decade of Progress". To read the post click here.

Intellectual Property (IP) in India: A Decade of Progress Part 12

Recently, Prime Minister Narendra Modi inaugurated the first National Handloom Day in Chennai, with the aim to resolve various problems faced by weavers. He delved into the question of how to further capitalise on the commercial potential of various handloom products. Since the first Indian GI was registered in 2004, 236 GIs have been registered with the GI Registry of India. Of these, more than half (64 per cent) are handicrafts, more than one fourth (26 per cent) are agricultural products, and…

BananaIP Reporter Geographical Indications (GI), Intellectual Property September 4, 2015 1174Views 0Like

PIL, IPO and Statement of Working of Patents

This is in furtherance of Kalyan's post, which looked at the issue largely from the philosophical perspective. I endeavor here to look at Statement of Working of Patents from the perspective of the statute and functioning of patent office and its priorities in today’s context. The provisions relevant are: Section 146 Power of Controller to call for information from patentees (1) The Controller may, at any time during the continuance of the patent, by notice in writing, require a patentee or a licensee,…

BananaIP Reporter Intellectual Property, Patents September 3, 2015 863Views 0Like

Audi taken for a ride

Delhi based TT Industries, established in 1955, has managed to restrain the famous German auto maker Audi from using the mark “TT” from selling sporting articles, accessories, bags, leather and faux leather goods, or toy cars in India. TT Industries proprietor Rikab Chand Jain, filed a plaint after being aware of, Audi AG using the mark TT, to promote and sell their goods. TT Industries claims to deal in fashion and export textiles, agro-products, ready-made garments, textile piece goods, hosiery…

BananaIP Reporter Intellectual Property, IP Commercialization/Licensing, Trademarks September 3, 2015 781Views 0Like

Is Statement of Working of Patents For Public Interest?

Working of patents is an integral element of the Indian patent system. In line with the primary objective of patent law, which is to promote the progress of science and technology for public good and economic progress, Indian patent Act specifically mandates working of patents in India. Failing such working, a compulsory license may be granted with respect to a patent , or in the worst case scenario, the patent may be revoked. (See CHAPTER XVI- WORKING OF PATENTS,COMPULSORY LICENCES AND…

BananaIP Reporter Intellectual Property, Patents September 3, 2015 820Views 0Like

Thomas Edison and his Moving Pictures

“To invent you need a good imagination and a pile of junk “– This is how Thomas Edison received a patent for the Kinetographic camera, a device for viewing moving pictures without sound. Edison patented this invention on August 1891. The camera was a giant step forward from the kinetoscope, which was not regarded as a significant invention by Thomas Edison. Kinetoscope comes from the Greek words “Kineto” meaning “movement” and “scopos” meaning “to watch”. The camera was based on…

BananaIP Reporter Industrial Designs, Intellectual Property, Patents September 2, 2015 1049Views 1Like

IP, Patents for Start-ups and Entrepreneurs XII

IP, Patents for Start-ups and Entrepreneurs (Part- XII): IP Licensing

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…

BananaIP Reporter Intellectual Property, IP for Start Ups September 2, 2015 691Views 0Like

Importance of IP For Start-ups and Entrepreneurs (Part XI): IP Valuation for Start-ups

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…

BananaIP Reporter Intellectual Property, IP for Start Ups September 1, 2015 789Views 0Like

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