Indian Economy News

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

  • IBEF
  • February 22, 2024

IIT Madras saw a 92% increase in Indian patents granted in 2023, reaching 300 from 156 in 2022. International patents filed, including those under the PCT, rose to 105 in 2023 from 58 in the prior year. 221 patents were filed by December 2023, with about 2,550 IP applications submitted since the institute's inception. The director praised the faculty and students for their research efforts, emphasizing the importance of protecting ideas for India's advancement. The institute focuses on technology domains like wireless networks, robotics, clean energy, and biomedical applications.

IIT Maras has a rich history of patent filings, with milestones like surpassing 1,000 IP applications in 2016 and reaching 2,500 in 2023. The Office of Industrial Consultancy and Sponsored Research (ICSR) supports IP coordination and technology transfer researchers. Researchers work in diverse areas, such as advanced materials, aerospace applications, and additive manufacturing technology. The institute's efforts are geared towards fostering innovation and protecting intellectual property for India's progress.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.