IIT-M: Minister Piyush Goyal presented the award granted for being the top academic institution in India for patents filing, grants and commercialisation.
Anu Parthiban | October 18, 2022 | 01:45 PM IST
NEW DELHI: Indian Institute of Technology Madras (IIT Madras) has been conferred the ‘National Intellectual Property Awards 2021 and 2022’ by the Government of India for being the top Indian academic institution for patents filing, grants and commercialisation.
Union minister of commerce and industry Piyush Goyal presented the award to IIT Madras director V Kamakoti at a function held in New Delhi on October 15, 2022. “The award included a trophy, citation and a cash prize of Rs 1 lakh. The award is given out by the Department for Promotion of Industry and Internal Trade, ministry of commerce and industry. The main criteria of evaluation for these awards are patent applications, grants and commercialization,” IIT Madras said.
Congratulating the institute faculty, researchers, students and other stakeholders, IIT Madras director V Kamakoti said, “For any country to become a world leader, protecting intellectual property is vital. This award has certainly motivated IIT Madras to generate and protect more and more intellectual property of societal impact leading to Atmanirbhar products during the Amrit Kal.”
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These awards are conferred annually to recognize and reward the top achievers comprising individuals, institutions, organizations and enterprises, for their Intellectual Property (IP) creations and commercialisation, which have contributed towards strengthening the IP ecosystem in the country and in encouraging creativity and innovation.
As per the data shared by IIT Madras, here are the number of patent applications filed, granted and commercialized in India and abroad.
CALENDAR YEAR (JANUARY TO DECEMBER) | PARTICULARS | 2018 | 2019 | 2020 | 2021 |
Total No. of Patent applications filed in the respective year (at least one Indian applicant) | Filed in India | 157 | 131 | 123 | 120 |
Filed abroad | 36 | 69 | 80 | 68 | |
Total No. of Patents granted in the respective year. (at least one Indian applicant) | In India | 19 | 41 | 104 | 133 |
Abroad | 28 | 15 | 9 | 7 | |
Total No. of Patents/Applications licensed/assigned/commercialized in the respective year. | Licensed | 2 | 9 | 9 | 6 |
Assigned | 0 | 1 | 0 | 5 | |
Commercialized | 2 | 10 | 9 | 11 |
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