NRDC keen on improving patent index ranking: CMD
4 Feb 2019 1:48 PM GMT
?Cash prize of ?1 lakh announced for each patent?
- With a majority of the patent applications filed in India being either by foreigners or NRIs, the National Research Development Corporation (NRDC) has decided to encourage young talent to improve the ranking of the country in patent index, its Chairman and Managing Director H. Purushotham has said.
- Giving the details about the the Global Innovation Index managed by World Intellectual Property Organisation (WIPO), Mr. Purushotham said India is at the 57th place.
- In patent filing, India is ranked 10th and among the States, Andhra Pradesh has improved its rank from 11th to 10th, with Maharashtra and Karnataka occupying the first and second positions followed by Telangana at the fifth place.
- Our objective is to spread innovation culture and increase the ranking of India Global Innovation Index,” he said.
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