Beginners shall work on filing the patents properly: Prof. Anurag Aggarwal

Jalandhar, March 25, 2015: Department of Research, Innovation and Consultancy (RIC), Punjab Technical University has organised a one-day seminar on ‘Intellectual Property Rights and Academicia’ at Punjab Institute of Technology campus here today.

The resource person for the occasion was Prof Dr Anurag Aggarwal from Indian Institute of Management Ahmedabad. He spoke on the basic principles of IPRs, Patents, Patentability and the Patenting System in India and abroad.

Sharing with the students he said, “Regardless of what product an enterprise makes or what service it provides, it is absolutely necessary for a business, also for an individual, to systematically identify, protect and effectively utilise its intellectual property (IP). When the IP is legally protected, it becomes a valuable business asset. The SME must also consider getting a patent not only in India but also world-wide, so that he is able to expand globally in the future. This will also help stop competition from producing a me-too product or service.”  Beginners shall work on filing the patents properly. By filing a patent, an Small and medium enterprises (SME) ensures that it is able to retain its market position, increase market share, recover R&D investments and safeguard the results, launch new products and processes and locate new business partners, he added.

Dr. AP Singh, Dean RIC said, “The purpose of this seminar was to sensitize academicians to understand the importance of IPR in Academicia, in order to enable them to protect their intellectual property, develop technology and also generates revenue from the research, which ultimately helps to drive knowledge economy of the country.”

The seminar concluded with a brainstorming session.

Dr. Harmeen Soch, Director PIM delivered vote of thanks and the stage was handled by Dr. Vandana Naithani, Coordinator Industrial and Training.