Mirroring international traits, in FY2023, India witnessed 83,000 patents being filed, marking an annual growth charge of 24.6%, the very best within the final 20 years, as per Patenting Trends report launched by Nasscom on Friday.
The quantity of patents granted additionally witnessed important growth rising over 2X between FY2019-FY2023. This pattern was anticipated to extend considerably with over 100,000 patents granted between fifteenth March 2023 to 14th March 2024, it stated.
The examine additionally discovered that over the previous decade, the proportion of patents filed by residents (main filers primarily based in India) has doubled, climbing from 33.6% of complete filings in fiscal yr 2019 to greater than 50% in fiscal yr 2023. ‘‘This significant increase reflects a growing focus and heightened awareness of intellectual property rights in the country. Educational Institutes have been a key driver to this growth,’‘ the report said.
Artificial Intelligence, the Internet of Things and Neurotechnology are amongst the top technology patents filed by DeepTech Start-ups in India, reported Nasscom.
Amongst the top application areas, Healthcare related patents, primarily around medical imaging, diagnosing, report generation and testing saw the maximum applications, followed by Automation/Software Development and Retail/Ecommerce. Artificial Intelligence saw maximum patents filed in areas of image processing, Natural Language Processing, and Predictive modelling, while Gen AI, Medical Data Processing and Cognitive computing are the key emerging areas.
Debjani Ghosh, President, Nasscom said, ‘‘The surge in patent filings within the last few years is a clear indication of India’s rising innovation prowess, notably in areas like synthetic intelligence. To additional improve home patent exercise, collaborations amongst key stakeholders are important for fostering and growing consciousness of mental property rights.”
Over the final two years, the patent submitting course of in India has undergone important enchancment. Yet, the nation’s share in patents filed globally was simply above 2%, implying the necessity for extra centered initiatives on this route, she added.
