The Indian Patent Office has been known to take between 2-8 years from the date of filing a patent application to grant the patent. As the term of the patent is 20 years from the date of filing, the long wait for the grant has proven especially frustrating for inventors whose inventions have a short life-span in the market. However, in one case, the entire process, from the filing of the patent application to the grant of patent has taken…
This post was first published on 14th February, 2011.
In the just concluded AeroIndia 2011, I had a chance to walk up close with the flying machines. Hidden among the multi-million supersonic fighter and bombers was an ordinary looking Maruti 800 with a few extra appendages, as seen here.
This is a product from a Bangalore based company called the B’Lorean (the name seems to be a combination of Bangalore and DeLorean, the…
In the world of super cars and super bikes, we often sideline the numerous components which go into making these ‘mean machines’. One such component is the internal combustion engine (ICE). An ICE is a heat engine where the combustion of fuel occurs with an oxidizer, in a combustion chamber, that is essential to the working fluid flow circuit. Internal combustion Engines are in general subjected to torsional vibrations due to the moment produced by the reciprocating pistons connected to…
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…
For a technology driven start-up or entrepreneur, patents form the most important intellectual assets. They provide the necessary exclusivity, and competitive advantage to start, build and grow the business. Patents are also considered as important assets by venture capitalists and investors before making investment decisions. So, every technology driven start-up must ensure that its technologies/inventions are properly protected under the patent regime. Once a decision on patent protection is made, the start-up company must file a patent application as soon…
The post below gives the statistics of patent filings, grants and revenue generated in India in the past decade.
Intellectual Property is an essential component for the development of a country. Intellectual property rights confer exclusive rights on creators and inventors who contribute to the betterment of the society through their creations in different fields of knowledge. The Intellectual Property systems not only boost the collective knowledge of the society but also escalate its dissemination. In the past few decades, the…