Indian Firms Filed Over 4,600 Patents Between 2015 And 2018: NASSCOM

CORPORATE

NASSCOM report of Emerging Technologies, has stated that Indian firms filed over 4,600 patents between 2015 and 2018.

Indian firms like Wipro, TCS, Bharat Petroleum, Reliance industries have topped the list of Indian firms which have created intellectual property (IP) assets in the US.

The report has showcased how Indian firms are creating IP assets in the US, which is one of the most favored destination for filing patents.

According to reports, during 2017-18, the tech patents were 65 per cent of the total patents filed. The proportion of tech patents filed in the US increased to two-third between 2017 and 2018 from half in 2015. In the period from 2015-18, Indian start-ups have filed nearly 200 patents in the US, majority of which focused on emerging technology areas.

Emerging technologies such as Artificial Intelligence, Cyber Security, IoT and Cloud Computing accounted for over 50 per cent of the tech patents filed in 2017 to 2018. AI is leading in the emerging technologies segment with 330 patents filed for the 2015-18 time period.