IANS | 26 Apr, 2024
Led by artificial intelligence (AI), Internet of Things (IoT) and
neuro-technology, India witnessed 83,000 patents being filed by
deep-tech startups in FY2023, marking an annual growth rate of 24.6 per
cent which is highest since the last two decades, a Nasscom report
showed on Friday.
The number of patents granted also witnessed significant growth, rising over 2 times between FY2019-FY2023.
This trend is expected to increase significantly with over 100K patents granted between March 15, 2023 and March 14 this year.
"The
surge in patent filings within the last few years is a clear indication
of India’s growing innovation prowess, particularly in areas like AI,"
said Debjani Ghosh, President, Nasscom.
To further enhance
domestic patent activity, collaborations among key stakeholders are
essential for fostering and increasing awareness of intellectual
property rights, she added.
Over the past decade, the proportion
of patents filed by residents (primary filers based in India) has
doubled, climbing from 33.6 per cent of total filings in fiscal year
2019 to more than 50 per cent in fiscal year 2023.
"The filing of
over 900 patents since 2008 by leading Indian deep-tech startups coupled
with the submission of 32,000 Patent Cooperation Treaty (PCT)
applications in India by other countries stood as a testament to this
increasing focus," the report noted.
Amongst the top application
areas, healthcare related patents primarily around medical imaging,
diagnosing, report generation and testing saw the maximum applications,
followed by automation/software development and retail/ecommerce.
AI
saw maximum patents filed in areas of image processing, NLP, and
predictive modelling, while Gen AI, medical data processing and
cognitive computing are the key emerging areas.
