In the Video

Neha Jain – Senior Analyst, nasscom Insights
Anupam Bhoumick – Manager, Information Services, Adobe
Sachin Jain – Global Technology Office Leader, Head IP CoE, LTI Mindtree
Arnab Roy Chowdhary – Founder, Mestastop Solutions

Report Download Link ➡️ https://community.nasscom.in/communities/nasscom-insights/patenting-trends-india-fostering-ip-led-digital-economy

This report aims to shed light on the key global patent filing trends and delve deeper into the specific landscape of patent filings in India. The report also examines the patent filing process in India offering a nuanced understanding of the strengths, challenges, and recommendations that would act as a cornerstone for the innovation trajectory in the coming years.

Key Highlights

Globally innovation focus reaches new highs
– Globally IP creation is gaining prominence with 3.46 million patents filed in CY22 compared to 3.4 million in CY21; India’s share increased to 2.2% from 1.8% during the same period.
– Computer technology continues to maintain its top position among all application areas, doubling its share over the last decade
– Share of women patent filers globally grew from 16.5% in CY21 to 17.1% in CY22, India recorded an increase from 10.2% in CY21 to 11.6% in CY22

India making a bigger mark on the global stage
– 83K patents filed in India in FY23 – growing at 24.6%, highest since FY05
– Increasing share of India resident filers over MNCs- the former accounted for over 50% of the applications in FY23
– Tamil Nadu, the top state in patent filing driven by a conducive ecosystem and policy support
– Growing prominence of India as a key market leading to a rise in PCT* Applications filed by major countries in India

DeepTech Start-ups fostering IP Creation
– Focus on innovation continues to grow in India with major Indian DeepTech start-ups filing 922 patents since 2008
– Chennai patent office accounts for ~ 70% of the India origin filing by DeepTech start-ups, also leading in the AI and Healthcare space.

Improvement in patent filing process supporting IP growth
– Patent filing process in India has witnessed significant improvement over the last two years
– However, challenges with respect to timelines and lack of examiners persist
– Stakeholder collaborations an imperative to reach global standards

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