Industry

Startups and patents, a mutually dependent relationship

Photo for representation

Photo for representation  

A high number of patents are granted in States where the startup ecosystem thrives and vice versa, according to data from Question Hour in Parliament. For instance, Maharashtra, which has the highest number of startups (2,130) also has the highest number of patents granted across the country (1,140).

Data from Department of Industrial Policy and Promotion show that the number of patents filed by startups in 2017-18 has increased 15-fold compared to the previous year. One reason for this could be that last year, the Centre notified new rules under which startups are eligible for up to 80% rebate on patent fees.

The graph below plots State-wise data on the number of startups currently recognised and patents granted (in the last three years)

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Printable version | Apr 6, 2020 3:56:40 AM | https://www.thehindu.com/business/Industry/more-startups-more-patents/article24501753.ece

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