The Government of India has recently granted the National Intellectual Property Awards for the years 2021 and 2022 to the Indian Institute of Technology, Madras. The said University has been recognized as the top Academic Institution in the nation for the filing, grant, and commercialization of patents.
According to the official press release, the said awards are granted by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India. Piyush Goyal, the Honorable Union Minister of Commerce and Industry, gave the awards to Professor V. Kamakoti, the IIT Director, at an event held on 15th October 2022 in New Delhi. The awards included a cash prize of Rs. 01 lac, a trophy, and a citation.
In an official statement delivered during the press release, Professor V. Kamakoti said that if any nation wants to become a world leader, safeguarding Intellectual Property (IP) is exceedingly vital. He further said that the awards granted to IIT Madras undoubtedly motivate the University to generate and protect more and more IP assets of societal impact leading to Atmanirbhar products during the Amrit Kal.
As per the official press release, the Dean at IIT Madras, Professor Manu Santhanam (Industrial Consultancy and Sponsored Research), stated that the University offers a fantastic research and innovation environment, which results in bringing out the best of its scientists, including the staff, students, and faculty members. He further mentioned that the IP Office of IC&SR also offers complete support for Patent Filing and technology transfer to the faculty members. He even said that access to the relevant search tools and highly qualified Patent Attorneys helps the University’s patent filing efforts.
The National Intellectual Property Award is presented to praise and reward the top institutions, achievers, enterprises, and individuals for their IP creations and commercialization, which contribute immensely towards strengthening the IP ecosystem in India. It is also granted to encourage their creations and innovations.
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