Patents

Grow Digi gets two patents for sector agnostic blockchain tech layer

Indian blockchain technology startup Grow Digi has been granted two patents comprising technology that reduces need for data storage by about 95 per cent, reduced time for transactions and enhances security, a top official of the firm said. Grow Digi Founder and Managing Director Sachin Kumar told PTI that the bootstrapped company has developed a layer 1 or base layer of blockchain technology with base in India that will allow enterprises to develop their blockchain-based applications. "We have been granted two patents from the government's patent office. We are the first Indian firm to have layer 1 registered in India. The patents will reduce data storage requirement by 95 per cent in the blockchain as well as reduce transaction time from minimum of 5 seconds to less than 300 millisecond," Kumar said. Layer 1 serves as the first layer which is required for enterprises to develop their applications. Kumar said the company's patented technology can replace the present system of ...

Patent office warns of fraudsters seeking money to process IP applications

The Indian patent office has cautioned people against fraudsters who are collecting data and status of IP (intellectual property) applications from the website and seeking money to facilitate those applications. "It is, therefore, advised to all the stakeholders who are applying or may have applied for any type of IP applications (i.e. Patents, Designs, Trade Marks, GIs (geographical indications), Designs or Copyright) that they should not fall prey to such false claims and pay any money against these claims," the Office of the Controller General of Patents, Designs and Trademarks has said in a public notice. It said that these applications are processed strictly as per provisions of law and this office has zero tolerance for any such unethical practices. In case such claims are made to any stakeholder, the same may also be brought to the attention of this office, it said. "It has come to our notice that many fraudsters are collecting data and status of IP applications from our off

US-based pharma giant Gilead Sciences wants HIV drug Lenacapavir patented

Gilead is seeking patents in India for the choline and sodium salt forms of lenacapavir

US govt funding yields hundreds of patents for China-based researchers

According to the patent office, the agency granted 1,020 patents from 2010 through the first quarter of 2024 that were both funded at least in part by the US government

Shogun Organics develops, patents mosquito repellent molecule Renofluthrin

Shogun Organics, a part of Safex Chemicals Group, on Wednesday said it has developed and patented mosquito repellent molecule Renofluthrin. In a statement, the company said it has developed "Renofluthrin, India's first indigenously developed and patented mosquito repellent molecule". The research and development of Renofluthrin was carried out in partnership with Godrej Consumer Products Limited (GCPL), combining Shogun's expertise in molecule development with GCPL's market reach. Shogun Organics holds the patent for Renofluthrin and has partnered exclusively with GCPL for its use in India. Speaking on this invention, Safex Chemicals Group Director Neeraj Jindal said, "Renofluthrin is not just a new product, but a testament to India's growing prowess in molecular development. After ten years of dedicated scientific work and substantial investment, we are proud to introduce a solution that makes India self-reliant in mosquito control technology". Shogun Organics is committed to inv

Indian energy cos lag in R&D, innovation metrics compared to global peers

India's leading energy companies do not fare better than global firms on R&D intensity, proportion of employees with a PhD degree, and patents per billion dollar revenue, according to FAST India

IIT Madras claims top slot in patents; count more than doubled in FY24

Premier campus achieves dream of filing 'patent a day', has some 1,100 granted to it

IP office granted over 100,000 patents in FY24 assuring 'no delay'

India granted 1.03 lakh patents in financial year 2023-24, Controller General of Patents, Designs and Trademarks Unnat Pandit said on Thursday, as he assured that there will be "no delay" in the Intellectual Property Office as it prioritises timely clearance of applications. Addressing an Assocham event here, he shared that 40 per cent of the applications were disposed of within 30 months of the request for examination. "We are going to have no delay in the IP office, that's the motive with which we have .. that IP should be granted and under Chapter 8 of the Act it should also be utilised by the applicant ... that will generate the economic value of IP," Pandit said. "All the pendency got cleared so now whatever application which is going to come for examination or hearing will be within the period of 30-36 months. So there is no delay which is going to happen now," he said on the sidelines of the event. Pandit emphasised that India needs to strengthen its Intellectual Property ..

IIT Madras records 92% jump in Indian patents granted during 2023

The number of international patents filed, including those granted under the Patent Cooperation Treaty, also recorded a significant increase, going up to 105 in 2023, from 58 in the preceding year

India granted record 41,010 patents in 2023-24 so far: Piyush Goyal

The Indian patent office has granted "highest" number of 41,010 patents till November 15 this fiscal year, Commerce and Industry Minister Piyush Goyal has said. In 2013-14 fiscal year, 4,227 patents were granted. "It's a record. Highest ever number of patents granted so far in 2023-24," he said in a post on social media platform X. On this, Prime Minister Narendra Modi said this is a "notable feat" and it marks a milestone in India's journey towards an innovation-driven knowledge economy. " India's youth will be great beneficiaries of such strides," he said. The prime minister recently stated that the rise in patent applications in India demonstrates the rising innovative zeal of its youth and is a very positive sign for the times to come. According to a World Intellectual Property Organization report, patent applications by Indians grew 31.6 per cent in 2022, extending an 11-year run of growth unmatched by any other country among the top 10 filers.

Patient Groups raise concerns over proposed draft of patent rules

Public health experts concerned changes could make it more difficult to access affordable medicines

Patent infringement case: Oppo challenges Delhi HC order favouring Nokia

Nokia maintained that the 2018 Agreement did not include patents relating to 5G standards

Patents rights disputes to be examined under Patents Act: Delhi HC

This order has now barred the jurisdiction of CCI in examining patent-related disputes

50 months on average: Delayed patent examinations stifle inventors

Waiting time in India thrice that of Japan; largeer firms better placed than startups to have their applications cleared

Financial institution 1 Finance bags psychology patent for screening tool

MoneySign assessment framework, for which the financial institution has won the psychology patent has been developed with the help of global psychology experts

'HPE India won over 350 patents in last 3 yrs, complexity increased'

We are no longer just an infrastructure company that sells computing, storage, and networking, said Cynthia Swarnalatha, VP - Engineering, SW CoE, Compute Business Group, and HPE India Site R&D leader

Indians acquire 100 patents for 6G technology, says Ashwini Vaishnaw

Indian scientists, engineers and academicians have acquired 100 patents for 6G technology, IT and Telecom Minister Ashwini Vaishnaw said on Thursday. While speaking at the Bharat Startup Summit organised by the PHD Chamber of Commerce, the minister said India is taking a leap in 5G technology with the fastest rollout of networks in the world. "Electronics is very complex, but despite the complexity, our scientists, engineers and academicians have together acquired 100 patents in 6G," Vaishnaw said. The minister shared that the 5G network rollout has far exceeded the government of 200 cities by March 31, 2023, with coverage in 397 cities at present. He said India has become USD 3.5 trillion, and it can become the world's largest economy with transformation across governance, infrastructure and businesses. "When a country or economy has to reach this level then thousands of systems are required to be changed. Governance systems, logistics systems, banking systems and change in the o

Samsung replaces IBM to gain top spot in 2022 US patent league table

Samsung has replaced the International Business Machines Corporation (IBM) from its top spot in the number of patents registered in the US in 2022, which has been on the top for almost 29 years

Algo rhythm: India's global patent share now higher than UK, shows data

Patent applications rose 1.9 per cent, from around 52,000 on average annually in the three years leading up to the pandemic to 53,000 in the two years since

Nissan Motor likely to snub Renault revamp over sharing technology

While both sides appeared near a final agreement two weeks ago, Nissan's board and management have recently expressed concern over Renault's plans for the intellectual property