Patent bank

Last Updated: Saturday 04 July 2015

-- 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.

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