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A survey of greater than 360 Indian deep tech startups confirmed that 580 patents had been filed in AI, 130 in IoT and 120 in neurotechnology, Nasscom mentioned in its newest report on patenting traits.
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In AI, the key areas are picture processing, pure language processing and predictive modelling, whereas generative AI (Gen AI), medical information processing and cognitive computing are the important thing rising areas, the report mentioned.
The highest utility space was healthcare, primarily in medical imaging, diagnosing, report era and testing, adopted by automation/software program improvement and retail/ecommerce.
Among the many high deep tech startups that filed patents had been Wisig Networks, Netradyne, Qure AI and Miko.
Within the final fiscal yr, 83,000 patents had been filed in India, at an annual progress charge of 24.6%, the very best in twenty years, the examine discovered.
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The variety of patents granted grew by greater than two occasions between FY19 and FY23, whereas greater than 100,000 patents had been granted between March 2023 and March 2024, indicating that the development would considerably enhance, the report mentioned.“This vital enhance displays a rising focus and heightened consciousness of mental property rights within the nation,” Nasscom mentioned in a press release. “Academic Institutes have been a key driver to this progress.”
Additionally, the final decade noticed a doubling within the proportion of patents filed by residents (main filer primarily based in India). This grew from 33.6% of complete filings in FY19 to greater than 50% in FY23.
“The surge in patent filings inside the previous couple of years is a transparent indication of India’s rising innovation prowess, significantly in areas like synthetic intelligence,” Nasscom president Debjani Ghosh mentioned. “To additional improve home patent exercise, collaborations amongst key stakeholders are important for fostering and rising consciousness of mental property rights.”
India’s share in patents filed globally stays simply above 2%, implying the necessity for extra targeted initiatives on this course, in accordance with the report.
It really helpful measures akin to a simplification of the patent submitting process and appointment of extra area and technical consultants on the patent workplace, establishing clear and constant pointers for analyzing the patentability of laptop packages, and revising the checklist of attorneys on the IP portal to focus on their technical proficiency throughout domains.
