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|Title:||Valorization of Intellectual Property from Publicly Funded Organizations: A Case Study of the Council of Scientific & Industrial Research (CSIR), India|
|Authors:||Gupta, R K|
|Keywords:||Valorization of IP|
publicly funded organizations
|Abstract:||Intellectual property, its creation, protection and valorization have assumed an unprecedented influence on the social, economic and technological progress of developing economies. TRIPS compliance by developing countries with effect from 1 January 2005 by putting product regime in place, in the area of drugs, pharmaceuticals, chemicals and microbiological inventions, provides a further challenge to them to implement IP laws at par with internationally acceptable standards. International protection of IP, particularly, patents, involves substantial cost. Also, IP protection cost, particularly, relating to patents, has risen sharply in the developing countries during the recent years. Therefore, major challenge before the publicly funded R&D organizations is how to generate substantial resources and sustain such resources for the protection of IP through its valorization nationally and internationally. In this context, this paper examines how CSIR, India, has played a key role in being a dominant player in filing and securing patents in India and abroad and its systematic efforts for the valorization of its IP portfolio aiming at deriving social as well as private returns by forming partnerships. In order to reduce the high cost of R&D and IP protection, the developing countries should increasingly participate in the worldwide effort directed at cutting down on time to develop and bring radical innovations to the market by forming public-private partnerships and consortia so that innovative efforts from publicly funded R&D reach the market in the shortest possible time. To make this happen, there is a strong need to promote partnerships cutting across R&D organizations nationally and internationally; to follow internationally acceptable best practices in IP management and to compete for public-private partnerships internationally, also.|
|Appears in Collections:||JIPR Vol.10(5) [September 2005]|
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