Karnataka set to unveil India's first platform for intellectual properties

First-of-its-kind online marketplace in the country to enable innovators trade their ideas with investors

Come next year, India will have its first marketplace for intellectual properties (IPs), where innovators can promote their ideas and innovations to receive patents, and can even trade those with willing investors.

This initiative is being undertaken by the government of Karnataka, considered one of the leaders in the technology space. Currently, India doesn't have any such platform and, globally, there are very few privately-run platforms.  

According to sources in the know, the platform will be supported by blockchain technology to ensure transparency, and protection against any tampering.

"The digital platform for IPs will not only help innovators register for patents, but also