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What is Intellectual Property Rights?

IP is intangible and has a character of non-viral public good. It means that one person’s use of it does not diminish the ability of other person to use it. IP has been generally divided into two main categories viz.
a) Industrial Property
b) Copyright.

What is the benefit of IPR?

Intellectual Property is the property which adds value in the current scenario of rapid economic evolution and development. It gives an exclusive right to creator for a specified period of time.

What is Patent ?

Patent is a statutory right for an invention granted for a limited period of time to the patentee by the Government, in exchange of full disclosure of his invention for excluding others, from making, using, selling, importing the patented product or process for producing that product for those purposes without his consent. Patentable products have to meet the criteria of patentability i.e. novelty, non-obviousness, and industrially applicable.

What is the life of Patent?

The patent rights are granted for a period of 20 years and these are territorial in nature. It excludes others from making, using, or selling the patented invention. It’s also a monopoly right but monopoly ends with the expiry of term of protection and the patent goes in the public domain.

What is Trademark?

Trademarks are distinct signs and wordings used for making distinction in goods or services among same or similar goods or services. A trademark ensures consistency of quality among same or similar goods or services. The sign or wordings used for getting identified in open market for some goods or services it is realized that it is engrossed in the goods or services they identify. A trademark helps a prospective buyer to identity to a product or services in a market place.

What is the life of Trademark?

The registration of trademark is for the period of ten years; thereafter it can be renewed from time to time. The term will expire with non-renewal of payment.

What is Copyright?

Copyright is granted for original expression of thoughts in some tangible format. The original expression could be in literary, dramatic, artistic and musical work. Work under these four categories includes computer programs, computer generated compilations, tables, broadcasting, painting, sculpture, drawings, photographs, work of architecture at all.

What is the life of Copyright?

Term of Copyright will expire, life of the author plus sixty years after author’s death.

What is Industrial Design?

Industrial Design tool is for products. It is for aesthetic satisfaction as it is an element of appearance. Any design on any article means features of shape, configuration, pattern, ornament or composition of lines or colors whether in two dimensions or three dimensions. The condition for registration of an industrial design is that it should be new and original, has not been disclosed to public prior to the application date and it should be significantly distinct from the known designs.

What is life of Industrial Design?

The term of industrial design is ten years which may be extended to five more years.

What is Geographical Indications?

A geographical indication (GI) is a name or sign used on certain products which corresponds to a specific geographical location or origin like Assam tea, Kanchepuram Saree, Tirupati Laddu.

What is the life of Geographical Indications?

The registration of Geographical Indication is for the period of ten years; thereafter it can be renewed from time to time. The term will expire with non-renewal of payment.

What is Protection of Plant Variety Act?

Under PPVFR Act, a new plant variety shall be protected by registration if it is novel, distinct, uniform and stable. The certificate of registration issued by the Registrar in respect of a variety confers on the breeder or his successor, agent or licensee, an exclusive right to sell, market, distribute, import or export the variety subject to the provisions of the Act.

What is the life of Plant Varieties?

The duration of protection of registered varieties is different for different crops which are as: for trees and vines – 18 years; for other crops – 15 years; for extant varieties – 15 years from the date of notification of that variety.

What is Trade secret?

A Trade Secret is a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information not generally known or reasonably ascertainable by others by which a business can obtain an economic advantage over competitors or customers.

What is Business Incubation?

Technology incubators are a specific type of business incubator – a property-based venture which provides tangible and intangible services to new technology-based firms, entrepreneurs, and spin-offs of universities and large firms, all with the aim of helping them increase their chances of survival and generate wealth.

What is Startup?

A startup is usually an entity/ company such as a small business, a partnership or an organization designed to rapidly develop scalable business model. A startup is an entity that is headquartered in India which was opened less than five years ago and has an annual turnover less than 25 crore

What are the criteria to get eligibility as startup?

A startup as an entity:
a) Incorporated or registered in India not prior to 5 years
b) Its turnover not exceeding 25 crores in any preceding financial year
c) Working towards Innovation, development, deployment or commercialization of new product, process or services driven by technology or Intellectual Property.
d) Entity not formed by splitting up, reconstruction of a business already in existence.

What is Innovation?

Innovation is defined as a “new idea, device, or method”. Innovation is often viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs. The term “innovation” can be defined as something original and more effective and, as a consequence, new, that “breaks into” the market or society.

What is Technology Transfer?

Assignment or transfer of technological Intellectual Property developed and generated in one place, to another through legal means such as technology licensing. Technology Transfer will bringing of technologies to the marketplace.

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