Patent bank

-- IN ITS new intellectual
property policy, the
Council for Scientific
and Industrial Research (CSIR), based in
New Delhi has proposed an unusual
at portfolio management scheme.
pmous scientific inventions will be
vad as tradeable commodities under
Kherne. A bank of these inventions
be maintained and their patents
lbt and sold to companies and institutions abroad.

Explaining the modus operandi of
new scheme, CSIR sources say that
ants will be sold for a fixed period
I exchanged for other patents.
natively, CSIR will buy patents at an
Vitage of development and sell them
tat the patents yield products and process.

cian's objective is to have a portfolio
least 3,000 Indian and 500 foreign
on by the year 2001 so that it can
V up strategic alliances with major
W technological leaders in select
a and generate at least five per cent
is raimch and development budget
in licensing and alliances.