According to the press release, there is a significant amount of support and promotion for both StartUps and entrepreneurs, according to Jitendra Singh.
Jitendra Singh, the Union Minister of State (Independent Charge) for Science and Technology, claims that the goal of “StartUps Intellectual Property Rights Protection” is to encourage innovation and entrepreneurship.
“The filing of Intellectual Property Rights (IPR), including Patents and Trademarks, by StartUps, along with Industry linkages, will encourage innovation and motivate enterprise in India,” Dr. Jitendra Singh said in his opening remarks at the ‘National Intellectual Property Festival’, organized by the CSIR at the National Physical Laboratory in New Delhi. After the government passed the IPR Act in 2016, under the direction of Prime Minister Shri Narendra Modi, the time it took to register a trademark has decreased from more than a year to just one month.
Startups are granted a facility for expedited examination of patent applications as well as an 80% rebate on patent filing expenses. According to a press statement from the Ministry of Science and Technology, startups have received a 50% filing fee rebate under the new trademark rules compared to other businesses.
According to the new design modification guidelines for 2021, the government has even decreased filing and prosecution fees for small organizations to encourage the registration of industrial designs by start-ups, it was said.
According to a news statement from the minister, there has been a significant uptick in support and promotion of innovative and entrepreneurial StartUps. A mechanism for rapid evaluation of patent applications is provided, and startups receive an 80% reduction on patent filing expenses. According to a news statement from the Ministry of Science and Technology, startups now get a 50% filing fee discount compared to other businesses under the new trademark rules.
The Government has decreased filing and prosecution fees for small organizations, it was said, even for the promotion of the registration of Industrial Designs by StartUps in accordance with the new design modification regulations for 2021.
According to the press release, the Minister stated that there is a significant amount of support and promotion for both StartUps and entrepreneurs in terms of innovation. “Over the past nine years, PM Modi has elevated science and scientists in importance and brought it up for discussion in international forums. Even during his just finished US tour, the joint statement’s main focus was science-related topics, such as the Artemis Accords, the International Space Station, and semiconductors, according to a news release from Dr. Jitendra Singh.
We started quite late in the startup ecosystem, in 2016, when Prime Minister Modi made a call from the Red Fort in his Independence Day address; yet, we have risen 31 positions in the Global Innovation Index, from 81 to 40, however, in just a few years, we have climbed to the No. 3 position in the global startup ecosystem,” he noted, according to the press release.
By institutionalizing this system, we can obtain a competitive edge in industries like Khadi, Aroma Mission, and lavender production, according to Dr. Jitendra Singh’s demand for merging the digital library of traditional knowledge and legacy with contemporary scientific innovation.
“I am certain that this is one of the best times, the ideal time, and if we are into this StartUp IPR protection, we have the opportunity of enhancing our StartUp businesses with our traditional knowledge, which is not happening as frequently as it could happen here. And if we accomplish that, we’ll have an advantage over other nations, he added, according to the press release.
According to the press release, the Minister claimed that because PM Modi has been leading the country with this kind of vision for the past nine years, we are now moving at the same speed and on an equal footing with the developed nations.
In the startup ecosystem, we started relatively late, in 2016, when PM Modi gave a call from the Red Fort in his Independence Day address. As a result, we have climbed 31 places in the Global Innovation Index, from 81 to 40, but in only a few years, we have climbed to the No. 3 position in the global startup ecosystem,” he noted, according to the press release.
In order to acquire a competitive edge in industries like Khadi, Aroma Mission, and lavender farming, it was suggested by Dr. Jitendra Singh that the digital storehouse of traditional knowledge and legacy be combined with contemporary scientific innovation.
“I am confident that this is one of the best periods, the ideal time, and if we are into this StartUp IPR protection, we have the opportunity of enhancing our StartUp endeavors with our traditional knowledge, which is not happening as frequently as it could happen here. The press release quoted him as saying, “And if we do that, we’ll actually have an edge over other nations.”
According to the press release, the Minister claimed that because PM Modi has carried this kind of vision for the past nine years as head of the government, we are now moving at the same pace and on an equal footing with the developed countries.
In the application of technology, we are currently partners on an equal footing with other countries. According to the press release, “We are in the same league as the developed world in Quantum Computing, for example. “Today, we work side by side with other countries to apply technology. According to the press release, we are on par with the developed world in quantum computing, for instance.
