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|Title:||Taking an Independent Inventor’s Inventions to the Market - Challenges and Issues|
|Keywords:||Cost;Independent inventor;Innovation in India;Patent due diligence;Grass root inventions|
|Abstract:||The road of the independent inventor in India is ridden with challenges. The lack of an ‘innovative ecosystem’, funding, knowledge and awareness, often leaves the inventor without the chance to realize his potential. There needs to be a combined effort from both the Government and the private sector to invest more resources to create an environment that is conducive for the inventor. The costs incurred by the inventor on his attempt to acquire a patent are all exorbitant and unreachable. Rural India is often considered as a hotbed of innovation, where the inhabitants do not wait for the market to respond to their demands, but find innovative methods to meet their needs. Unfortunately, these geniuses are not able to take their inventions to the market and reap their benefits, nor the people enjoy from their inventions. This article explores the urgent need to revamp the approach taken by both private and public sector in the face of autonomous inventors in India, in favour of positive action to exploit their future potential. Further, it elaborates on the patent due diligence process along with citing case studies to strengthen the argument for a change in approach taken both by and towards the independent inventor.|
|ISSN:||0975-1076 (Online); 0971-7544 (Print)|
|Appears in Collections:||JIPR Vol.17(5) [September 2012]|
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