“We have reached a level of 80 Startups getting registered every day in our country, which is the highest in the world,” said Anurag Jain, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT). He also revealed that the number of patents granted has grown five times in a matter of seven years since the Government adopted the Intellectual Property policy in 2016. Similarly, the number of Trademarks registered has also increased four-fold during the period.
Jain was addressing the Inaugural Session of the day-long conference on “Leveraging India’s Demographic Dividend through IP” in New Delhi on 26th April 2022. The conference was organized by the DPIIT and FICCI on the occasion of this World IP Day.
This year’s theme of the World Intellectual Property Organization (WIPO) further substantiated India’s vision to inculcate the culture of innovation and creativity in its ecosystem. All these initiatives further bolster our clarion call of “Creative India, Innovative India”.
Jain said: “We need to inculcate seeds of IP in the minds of young people. Almost 4,300 institutions participated in about 400 programmes about IP awareness taken up by the Ministry.”
He said that only those industries which invest in Knowledge and Innovation would survive. And for Knowledge and Innovation to survive, Intellectual Property becomes a very, very important tool “Since the Startup initiative was launched in 2016, in the space of six years we have grown to be the third largest Startup ecosystem. Last year, in the number of Unicorns created, we overtook China and we were the second highest.”
The conference also discussed the aspect of “Unlocking the Creative Economy’s Potential” as the creative sector has a strong interface with popular media and culture and provides greater scope for youth entrepreneurship.
