India scouts for patents to hasten tech development

India scouts for patents to hasten tech development

Summary: India will set aside US$3.58 million annually to acquire technologies to help fill innovation gaps that are hindering product development among small and midsize businesses.

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TOPICS: Patents, India, SMBs
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India has identified six areas lacking innovation locally and will hunt for patented technology so that small and midsize businesses (SMBs) can speed up product development in these fields.

The Press Trust of India (PTI) reported Thursday the Department of Scientific and Industrial Research (DSIR) had pinpointed technological gaps impeding product development in the areas of affordable healthcare, low-cost diagnostics, solar energy, water, smart materials, and creating wealth out of waste or recycling.

For example, DSIR secretary Samir Brahmachari said its Council of Scientific and Industrial Research (CSIR) laboratories have come up with a technology to purify water contaminated with arsenic. But it does not have the means to dispose of the impurity to ensure the wastes do not re-enter the earth, he said. The CSIR is a research and development (R&D) organization under the DSIR.

Brahmachari said 200 million rupees (US$3.58 million) will be allocated annually to acquire patented technology as well as develop ideas with microenterprises and SMBs to help them scale up production.

"We will look across the world [to see if] there is any patent that is lying in some country that would bridge the gap. We can acquire such patents and give it to the micro, small and medium enterprise sector on a non-exclusive license basis," he said.

The secretary added if any company was keen to exclusively own a particular technology, they will have to pay for it.

Topics: Patents, India, SMBs

Jamie Yap

About Jamie Yap

Jamie writes about technology, business and the most obvious intersection of the two that is software. Other variegated topics include--in one form or other--cloud, Web 2.0, apps, data, analytics, mobile, services, and the three Es: enterprises, executives and entrepreneurs. In a previous life, she was a writer covering a different but equally serious business called show business.

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4 comments
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  • Does this work?

    I think drawing a distinction between a country and its government is essential to keep people's heads from turning into mush.

    The country of India is not doing anything here. Some bureaucrats in a little tiny part of the government of India are playing venture capitalist with Indian taxpayers' money. In other countries where this has been tried, it has often led to corruption and embarrassing failures. Governments tend not to be the right institutions to make investment decisions, and taxpayers tend not to be the right people to be making high-risk investments.
    Robert Hahn
    • It won't

      The GoI has already has had such initiates - and it has been rife with corruption and shady dealings. The Government has had embarrassing failures in recent investments it has made, and this will be another avenue for them to misappropriation funds.
      Vivek Shenoy
  • That 200 million rupees would be better served

    Feeding their own starving population and getting a handle on some birth control.

    Talk about misplaced priorities...
    Cylon Centurion
  • They could find a lot more tech available -

    They could find a lot more tech available if they were seeking tech patented OR unpatented.

    Many inventors will not patent anything after they have been cheated of their first invention. They just satisfy themselves that their new inventions work.

    Then they wait for a patent system in accordance with UNDHR.

    i.e., never.
    Stuart211