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IITB wins the Intellectual Property Awards 2015

24 Apr 2015

IIT Bombay added another feather to its cap by winning the prestigious National Intellectual Property Awards for 2015. The Institute won the award for the Top India Academic Institution for Patents, Best Commercialization of Patent(s) based in India and the WIPO Users trophy. The award was presented by Smt. Nirmala Sitharaman, Minister of Commerce and Industry, Government of India to Prof. Devang Khakhar, Director, IIT Bombay, Prof. Prasanna M Mujumdar, Dean (R&D), IIT Bombay and Dr. Padma Satish, Chief Technical Officer, IRCC, IIT Bombay, at an event organized by the Confederation of Indian Industry (CII) and the Indian Patents Office (IPO), recently in New Delhi.

Speaking about the award, Prof. Khakhar remarked, “Research and Development at IIT Bombay has been given a strong emphasis in the recent years with an enhanced thrust to take up meaningful R&D to make a difference to the society, the industry and the nation. With more than 55% of the student strength of 9800 being enrolled for post graduate programmes and the establishment of high end R&D infrastructure, the research output of the institute is sizeable in terms of generation of new knowledge, know-how and intellectual property. We have been steadily refining policies, processes, mechanisms and incentives to promote R&D amongst our faculty, students and staff. The recognition by the Ministry of Commerce, Government of India of our achievements by the IP Awards is evidence that our efforts are yielding fruit and motivates us to continue to work towards the Government’s goal of Make in India and scale greater heights.”

Conferring the awards, on the eve of World Intellectual Property Day celebrations, Smt.  Sitharaman, commended the efforts of individual inventors as well as innovative organisations and institutions for their role in moving India forward on the path of progress and assured them  support of Government of India.

Constituted in 2009, the Indian Intellectual Property Office in the Department of Industrial Policy & Promotion of the Ministry of Commerce & Industry, Government of India, confers the annual National Intellectual Property awards on outstanding innovators, organizations and companies in the field of patents, designs, trademarks and geographical indications on the occasion of World IP Day every year. Comprising of Rs 1 lakh in cash, a trophy and a citation, the awards are evaluated on the basis of number of IPRs granted/ registered, growth in IPR portfolio in the past five years, leveraging of IPRs for achieving commercial goals (valuation, licensing, launching of new products/ processes associated with granted/ registered IPRs), efforts for inculcating IPR culture (R&D budget, employment of human resources for R&D, collaborations with industries and universities, licensing from other sources) and contribution towards the socio-economic development of the country. IIT Bombay received a cash prize of Rs.2 lakhs for winning the award in two categories.