AI, Cybersecurity, IoT & Cloud Accounts 50% of Tech Patents Filed by Indian Firms in the US
30 April 2019 3:18 AM GMT
India's apex body for IT, National Association of Software and Services Companies (NASSCOM) and the chamber of commerce of the IT-BPM industries in India,
- Leading the next wave of IP Creation for India" , which states that in the 4 years - from 2015 to 2018 - Indian companies filed over 4,600 patents in the United States, the majority of which (64.8%) are technology patents.
- According to the report, share of tech patents in total patents filed in the US increased to two-third (2/3rd) in 2017/18 from half in 2015.
- It noted that the average patent granting time in the US is 22 months, and nearly 40% of the tech patents filed during 2015- 2018 period had been granted as of February 2019.