Two decades of liberalization, Indians lags in product development

Indians are not new to Innovation. But even after two decades of liberalisation and several grants and processes in place to encourage invention, patenting and commercialisation, the product development sector remains not fully formed. There is still a gorge between commercial science and market demands, affecting indigenous innovation and product development.

IP Smart Workbook, authored by Swapna Sundar, Patent Attorney and CEO of IP Dome Strategy Advisors, try to bridge this gap for scientists and researchers.

Launching the book at an elite gathering of legal experts, entrepreneurs, academicians and researchers, K Rosaiah, Governor of Tamil Nadu, said the book goes into a comprehensive and practical discussion of the role of IP in the techno-commercial space.

The author, he said, has not only cogently illustrated the concepts of Intellectual Property law, but also provided a step-by-step guide for an inventor to conceive and implement his invention.

Many technology-led products not make the grade in the market for want of knowledge and application of industrial science, and poor understanding of the process by which IP assets are created and monetised. This book will help in understanding the Indian Patents Act, patent drafting, prosecution and infringement that are essential for the inventor, said Justice KN Basha, Chairperson, Intellectual Property Appellate Board, in his keynote address.

The idea for the book emerged from her interactions with academic researchers and student inventors said Swapna Sundar.

“At times, they found that their inventions did not cross the patentability barrier; at other times, the technology was not one that could be exploited in their chosen market in the way they had visualised it,” she said.

The 160-page book is published by LexisNexis.