significance of Intellectual property (Ip) And associated Opportunities For Professionals

Employment - significance of Intellectual property (Ip) And associated Opportunities For Professionals

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The field of Ip covers patents, trade marks, trade secrets, designs and other creative forms of human endeavour, which increasingly constitutes a very indispensable component of success for fellowships and nations. In today's globalize world, Intellectual property (Ip) plays a indispensable role, at a micro level it is ownership of ownership by individuals and socially beneficial goods amelioration and at a macro level it is increase of industries and economy of a country. Ip has become a topic of debate as it touches every aspect of daily life. There are groups who strongly oppose Ip safety as they feel it will design monopolies to their detriment, whereas some stake-holders feel it is the path to innovation and industrialization. Even though Intellectual property may have short-term uncertainties of price escalation and accessibility issues, in the long run the benefits far outweigh the weaknesses, if any. Ip creates incentives for population to originate and innovate, for fellowships to design new goods lines, which in turn is the key to industrialization that is a contributor to improving the Country's economy.

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As India moves from a developing nation to becoming a pioneer in outsourcing services and a knowledge economy, Ip has taken a new place for India's inventors and growing Industries. To preserve its increase and to keep pace with the global competition, there is exact requirement to innovate, safe and build market and firm strategy tools...

So far India suffered from an awareness of Ip and often lacked resources to leverage its Ip commercially. In up-to-date years India has moved up the value chain by its population and industries having gathered a good insight Ip, which is clear from its burgeoning Biotech, Pharma & It fellowships and Government initiatives. India's Pharma & Biotech fellowships have challenged some of the largest pharma Mnc's of the world; have withstood litigation in varied foreign jurisdictions. Also, the Government has shown ingenuity by issuing proclamations to pump crores of Rupees to energize its patent offices, science labs and strengthen its talent pool. Extra training programs have been developed for Patent examiners and government bodies like Tifac, Csir etc, India has shown its commitment to its population and promised to the World to meet the Millennium amelioration Goals (Mdgs)...,

India has one of the largest numbers of talent pool of technology, science and engineers graduates from colse to the world. Nasscom narrative states that India churns out about 5000-6714 persons are granted Science Ph D's every year and about 21 researchers per 1000 persons are employed in R & D staff at work in science or industry. It has some of the most supreme technology institutes such as Iit's and Rec's. But surprisingly, not a singular institution or training agenda exists that offers Ip and the entire gamut of patent portfolio supervision as a full-fledged "career option" for science graduates.

Training in Ip, patents and building its human capital is the need of the hour for India. According to a narrative by group of Micro and Small Enterprises, India, the Micro & Small Enterprises (Mse) Sector is one of the most vibrant sectors of the Indian economy. With nearly 12.8 million units (over 90 per cent of total market units) in this Sector employing nearly 31 million people. This Mse sector accounts for nearly 39 per cent of the market production and 33 per cent of the exports. However, this sector is not coming forward to use Ip as a major firm strategy. The involvement of entrepreneurs and firm managers is required so that the Ip generated by Mses can play a key role in gaining competing advantage and improving returns on investments. The key challenge is to build skills so that there is a unavoidable and proactive use of the Ip system..

Ip is a source of creating lucrative job opportunities and work opportunities for technically noteworthy professionals, academia and scientists. A number of academic institutes have started courses on Ip, which are whether short term programs or specialization at the post-graduate level. Some of these are Iits that have Ip awareness programs as a part of their quarterly curriculum except for Iit Kharagpur, National Law Schools, secret Law Colleges like Nalsar, Aips, Iips, etc and secret institutions like Global design of Intellectual property (Giip, Delhi)

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