1. Introduction to Intellectual Property Rights and their Economic Importance

2. IP Today Late 18 th & early 19 th Century – we had the Industrial Revolution 20 th Century- could be called as the Electric & Electronics age Late 20 th Century- we hit the IT & Biotech bandwagons which still have an unimaginable potential for transforming human life. 21 st Century- leadership of the world will be in the hands of those who create and harness Knowledge

3. Maharani Paints-developed and patented an innovative and eco- friendly, Clean Technology for Recycling/Conversion of Paint sludge, a hazardous waste into user friendly primers, undercoats, Floor Coatings, Structural Primers etc; as per customer's specification and is undertaking Paint Sludge Recycling as a service as well as providing Technical Consulting and Know-how to organizations keen to adopt this technology Titan Industries developed Titan Edge, the slimmest commercially available watch in the world. Produced indigenously after four years of intensive research and development, the Titan Edge has a total slimness of just 3.5 mm and a wafer thin movement of 1.15 mm. Case Studies – Using IP for Competitive Edge

4. US Businesses invests about $1trillion in IP which is as much as they invest in creating tangible assets – Huge Investments - Copyright Industry India = 5% to GDP US = 6% to GDP Europe= 5.3% to GDP IP as a Business Tool

5. Capitalizing Intellectual Property Glenmark spent $21 million and has generated over $105 million by out-licensing deals for prospective drug molecules. GrandMet paid $990 million to Pillsbury brand name. Rights to use Rolce Royce Trademark were subsequently purchased by rival BMW for $65million. IBM licenses patents for more than $1billion per year. Companies donate patents to Universities and Research Institutions. Venture Capitalists are playing major role today in further development and commercialization of inventions.\ Japan Patent Office is playing active role in commercialization of Patents.

6. Why Should I Protect My IP? Can I Benefit from It?

7. - protection to an invention for the exclusive use of it by its inventor - leverage business - legal recognition to the invention - enables its enforcement in the court of law - incentive for further development - public use - huge source of information - source for further developmental work by third party - encourage fair trading - contribute to social and economic development Importance of protecting Intellectual Property

8. Classification of Intellectual Property Intellectual Property Rights are generally classified as follows: Invention: Patents Letters, numbers, words, colors, phrase, sound, smell, logo, shape, picture, or combination of these: Trademark Art, literature, music, broadcast and computer programs: Copyright 2D/3D product design: Design Registration New plant varieties: Plant Breeder’s right Confidential information: Trade secret

9. National Laws The IPR regime in India is regulated through the following acts and laws: The Patents Act 1970 (as amended) The Copyright Act 1957 (as amended) The Trade Marks Act 1999 The Designs Act 2001 The Geographical Indications of Goods (Registrations and Protection) Act, 1999 The Semiconductor Integrated circuit Layout-Design Act 2000 The Protection of Plant Varieties and Farmers Rights Act 2001 The Biological Diversity Act 2002

10. Term “IP” is Often Used But Not Understood

11. ENFORCEMENT ISSUES

12. Key Challenge Voice of Industry Can Stop this Menace Enforcement agencies – No Judiciary - No Legislation - No But

13. Road-Map Ahead Design new accounting systems Creation of a single database that has the details of all IP owners and their respective rights Industry to allocate funds for training programs Create advertising strategy Create alliances/synergies with other countries FICCI proposed for establishing specialized cells for immediate redressal of IP issues Need to make the punishment deterrent

16. FICCI-IPR Division The Intellectual Property Division of FICCI is intensively involved in issues pertaining to protection of Intellectual Property Rights and its effective enforcement. It has taken a lead role in raising awareness on IP at the national level as well as capacity building and training in industry, judiciary and enforcement agencies. FICCI IPR division provides a platform for continuous interactions between industry, law firms, IP consultants, IP outsourcing firms and the patent office so as to provide an interface and enable businesses to resolve IP related issues through research, global networking & advocacy. It also facilitates Government in policy making.

17. Consultative Working Group - Synergy between Industry and Patent Office - Highlight Issues of Concern - Enhance Transparency - Understand IP Laws Members: DIPP, IPO, Industry Associations, Law firms, KPOs and LPOs

18. Milestones Achieved Abstracts of patent applications, published after 18 months, available online Full Text of granted patents available online decisions of Controller's online E-filing made more user-friendly Incentivize users for E-filing Streamlined pre-grant opposition procedures Separate wing for data analysis Interactive web based service

19. IPRs are valuable and they help in grooming the economic conditions of the country only if they are well protected & enforced and the World is surely moving towards it