Artificial Intelligence (AI), cyber security and Internet of Things (IoT) leads emerging technology patent filed by India domiciled companies in the US. On the emerging technology front, AI leads with 300 patents, followed by cyber security with 193 patents, IoT with 107 patents and cloud computing with 88 patents. In toto, India domiciled companies have filed 4,600 patents of which tech companies have filed 55 per cent i.e. 2,536 patents.
Patents filed by India domiciled companies in 2015-18p:
Year – Tech Patents – Non-Tech Patents
2015 – 855 – 820
2016 – 847 – 801
2017-18p – 834 – 453
The share of technology patents has consistently increased to 64.8% in 2017-18p from 51% in 2015. In technology patents, the share of emerging technologies has increased consistently to 56.3% in 2017-18 from 38.3% in 2015, while the share of computer and communication technology patents witnessed a decline.
Artificial Intelligence leads the emerging technologies patent race both in terms of total number of patents with 330 patents being filed in as well as growth over the period 2015-18p.
Over the past few years, startups have contributed to the IT-BPM industry by building new innovative products and services. As per the report, Indian start-ups have filed nearly 200 patents in the US in the period 2015-18p, majority of which focused on emerging technology areas including image processing, AI, cyber security, vehicle technology and IoT.
Sharing her views on the launch of the report, Debjani Ghosh, President, NASSCOM said, “Innovation is the key to driving transformation and such patents and trademarks are a testimony to this transformational growth. As a country, India can further strengthen its potential as an innovation hub through more investments in research and strategic collaborations. We are confident that we will usher in a new wave of innovation and intelligence in the country.”
The industry needs to create lot of awareness with the corporate sector as the number of patents filed in technology sector is decreasing.
NASSCOM has been organizing various IP awareness workshops for the industry including tech startups highlighting the needs to protect innovations under IP laws. In future too, NASSCOM plans to focus on these workshops, which will touch upon creating awareness on various IP laws, filing process including generating awareness on government schemes and incentives for startups to encourage innovation.