India-domiciled companies filed over 4,600 patents in the U.S. between 2015 and 2018, of which a majority were from the technology domain, with artificial intelligence (AI) being the fastest growing area followed by Internet of Things (IoT).
As per a National Association of Software and Services Companies report released on Friday, the share of technology patents has consistently increased to 64.8% in 2017-18 from 51% in 2015.
The portion of emerging technologies has increased consistently to 56.3% in 2017-18 from 38.3% in 2015, while the share of computer and communication technology patents witnessed a decline.
Artificial intelligence leads the emerging technologies patent race, both in terms of total number of patents (330 patents filed) as well as growth over the period 2015-18.
Apart from AI, there has been consistent growth on building IP in other emerging tech domains, with patents filed in cyber security (193), IoT (107) and cloud computing (88) accounting for over 50% of the tech patents filed in 2017/18, said the report titled ‘Emerging Technologies: Leading the next wave of IP Creation for India’.
Between 2015 and 2018, start-ups in the country have filed around 200 patents in the U.S., a majority of which focused on emerging technology areas including Image Processing, AI, Cyber Security, Vehicle Technology and IoT, the report said.
’Innovation the key’
Debjani Ghosh, President, NASSCOM said, “It has been phenomenal to witness the advancements and technological innovation and human intellect with the volume of patents being recorded over the years. Innovation is the key to driving transformation and such patents and trademarks are a testimony to this transformational growth. We are confident that we will usher in a new wave of innovation and intelligence in the country.”
The study also highlights the patent growth story in newer application areas including digital payments (31), e-commerce (87) and navigation (58).
