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    IIT Hyderabad to offer MSc in Medical Physics

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    UGC Extends the Date of Fee Refund

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    ISHAN UDAY Application open on Scholarships Portal

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    IIT JAM 2023 on February 13; Application process to commence from September 7

    IIT JAM 2023 on February 13; Application process to commence from September 7

    UGC Notifies Higher Education Institutions to Refund Admission Cancellation and Migration Fees

    UGC Notifies Higher Education Institutions to Refund Admission Cancellation and Migration Fees

    Government to fund 10000 Patent applications each year

    Government to fund 10000 Patent applications each year

    Simplilearn Collaborates with The University of Minnesota’s Carlson School of Management for a Post Graduate Program in Business Analytics

    Simplilearn Collaborates with The University of Minnesota’s Carlson School of Management for a Post Graduate Program in Business Analytics

    Annie Besant Fellowship for Prospective Ph.D students by BHU

    Annie Besant Fellowship for Prospective Ph.D students by BHU

    Savitribai Phule Pune University initiates Ph.D Admission Process

    Savitribai Phule Pune University initiates Ph.D Admission Process

    Applications for Paramedical Programmes now Open

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    Applications for Paramedical Programmes now Open

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    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

    Times Professional Learning, Indian Institute of Management, Kashipur launch Executive Certificate Programme in Product & Brand Management

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Updates regarding NEET UG Counselling 2021

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    Online learning a boon for the CAT 2021 topper

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    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

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    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

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    National Board of Examinations announced changes in NEET MDS 2022 exam

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    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

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    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

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    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

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Government to fund 10000 Patent applications each year

Government to fund 10000 Patent applications each year

Center is planning on launching a scheme to fund 10,000 patent applications every year from all educational institutions. The telos behind this step is to encourage higher education institutions in India to improve their global rankings by excelling in research. It is also aimed at encouraging protection of intellectual property among students and faculty members.

The Chairperson of the University Grants Commission (UGC), M Jagadeesh Kumar said “Under this scheme, faculty members and students from higher education institutions can seek government funding to patent their innovations.” He also went on to say that “Around 10,000 patent applications will be funded by the commission annually.”

Kumar also said “In our university system, we majorly focus on publishing papers. But today, the ecosystem has changed. We also need to protect our intellectual properties. Therefore, we are encouraging students and faculty members to go for patenting through this upcoming scheme.”

For A K Prasad, the chairperson of Intellectual Property Rights at Delhi University, this is a welcome move. “This way the commercial value of the patent can be evaluated. This may also help in commercialisation of more patents,” he said. However, the maintenance of patents is a bigger problem than filing them as it requires annual maintenance fee.

“The moment a patent is filed, it requires constant input of money because you will have to pay against every inquiry and revision. Once it is published, it requires a maintenance fee for around 20 years, and that maintenance is the major problem in our system. If you have a project, you can file a patent, but let’s say tomorrow the project gets over, then you can’t maintain it. The UGC should also cover maintenance under the proposed scheme,” says Prasad.

Tags: #10000 patent#educational institutionsGovernment

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