The Journal of Confederation of Indian Industry, CII Communique, in its May 2018 edition, has briefed the Intellectual Property Award Ceremony that was held on the 26th of April, 2018 at New Delhi. Notably, SRM IST was crowned with the most prestigious Intellectual Property Award for the Top Indian Academic Institution for Patents and Commercialization, which was received by the Honourable Vice Chancellor of SRM Institute of Science and Technology.
The following is an excerpt from the CII Communique, with SRM IST in the list of the winners:
India Intellectual Property Convention and 10th National Intellectual Property Awards
The Confederation of Indian Industry (CII), in collaboration with the Department of Industrial Policy and Promotion (DIPP), and the Intellectual Property Office, India, has been organizing the National Intellectual Property Awards every year since 2009, recognizing the use of Intellectual Property Rights (IPRs) as a strategic tool in commerce and industry. Comprising a winning amount of 1 lakh in cash, a trophy and a citation, the awards are evaluated on the basis of number of IPRs granted/ registered, growth in IPR portfolio in the past five years, leveraging of IPRs for achieving commercial goals (evaluation, licensing, launching of new products/processes associated with granted/registered IPRs), efforts for inculcating IPR culture (R&D budget, employment of human resources for R&D, collaborations with industries and universities, licensing from other sources) and contribution towards the socio-economic development of the country.
Innovation is essential for progress and brings enormous benefit to society and the nation as a whole, said Mr. Suresh Prabhu, Minister of Commerce and Industry, and Civil Aviation, at the Award Ceremony, held on 26 April in New Delhi. “If there is no protection of innovation, there will be no incentive for innovating”, he said, noting that India has taken a number of steps and has passed relevant laws to improve on IPR protection. Mr. Chandrajit Banerjee, Director General, CLL, and Mr. O P Gupta, Controller General of Patents, Designs and Trademarks, Intellectual property Office, India, were also present on the occasion.
Click here to view the article in CII Communique magazine's May 2018 edition.
Click here for the direct link to CII News Letter coverage.