The Indian Institute of Technology (IIT), Madras has bagged the ‘National Intellectual Property Awards 2021 and 2022’ organised by the Government of India. The varsity has been recognised as the top Indian academic institution for patent filing, grants and commercialisation.
The award is distributed by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India. The officials decide the winner on the basis of the patent applications, grants and commercialisation.
The total number of patent applications filed in India (at least one Indian applicant) in 2021 was 120 and 68 in abroad. A total of 133 patents were granted in India and 7 in abroad, and the total number of patents licensed was 6, while 5 were assigned and 11 commercialised.
V. Kamakoti, director of IIT Madras said, “For any country to become a world leader, protecting intellectual property is vital. This award has certainly motivated IIT Madras to generate and protect more and more intellectual property of societal impact leading to Atmanirbhar products during the Amrit Kal.”
These awards are given annually to recognise and reward the top achievers comprising individuals, institutions, organisations and enterprises, for their Intellectual Property (IP) creations and commercialisation, which have contributed towards strengthening the IP sector in the country and in encouraging creativity, innovation and advancement.