Published On: Mon, May 2nd, 2011

IIT-Madras awarded for highest no. of patents

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The Indian Institute of Technology – Madras has been awarded for securing highest number of patents in the last five years. The educational institution has filed 78 patents during the period.The award was instituted by the Confederation of Indian Industries (CII) in collaboration with the central department of industrial policy and promotion and the Indian Intellectual Property Office.

Minister for Commerce and Industry Anand Sharma presented the awards at a function in New Delhi to celebrate the World Intellectual Property Day.

IIT-Madras alumnus Lalit Mahajan also received an award for an individual securing the highest number of patents in the last five years. A release from the institute said, “Many industries and external agencies both in public and private sectors work together with the institute faculty towards development of new products, technologies and processes.”

The institute has definite policy guidelines with regard to intellectual property and how it is shared with collaborators. There is a hassle-free, transparent and easy procedure internally to facilitate the patenting process. The Centre for Industrial Consultancy and Industrial Research enables these activities in the institute.

[Source: Times of India]