Eco Survey: Share of start-ups in patent applications rise over 5x in 5 yrs

In 2019-20, the share of start-ups in total patents filed was 3.3%; share in total patents granted was 0.51%

On Monday, in his address to the Parliament, President Ram Nath Kovind said that patent applications from start-ups in FY22 had touched 6,000, whereas start-ups had filed 20,000 trademarks in the country. Highlighting the benefits of the Scheme for Startups IPR Protection (SIPP), the President said, "The government has relaxed various norms in the patents and trademarks sector."

The Economic Survey 2021-22 also highlighted the rise in patent applications in India. The survey pointed out that patent applications had increased from 45,444 in 2016-17 to 58,502 in 2020-21. It also highlighted that the number of patents granted had increased from