Kamal Nehru Institute of Physical and Social Sciences
Volume III, Issue IV, 2020
India has been the cluster of both creativity and innovation since eons and it has never declined as to how creativity and innovation are the constant tool for economic growth in the any nation. India has a TRIPS compliant, robust, equitable and dynamic IPR regime. A sweeping IPR Policy will advance a comprehensive and helpful environment to catalyze the maximum capacity of licensed innovation for India’s monetary development and socio-cultural turn of events, while securing open intrigue. The reason for the National IPR Policy lies in the need to make mindfulness about the significance of IPRs as attractive money related resource and financial apparatus. An India where inventiveness and development are invigorated by Intellectual Property to assist several aspects which includes, an India where protected innovation advances progression in science and innovation, expressions and culture, conventional information and biodiversity assets also where information is the fundamental driver of improvement, and information possessed is changed into information shared.
The reframed IPR policy focused on stimulating a dynamic, vibrant and balanced intellectual property rights system in India to foster creativity and innovation and thereby, promote entrepreneurship and enhance socio-economic and cultural development, and focus on enhancing access to healthcare, food security and environmental protection, among other sectors of vital social, economic and technological importance.
The researcher endeavors to reflect the ideology and objective behind resurrecting the former intellectual property rights policy of India which promulgated in the year 2016 and how the policy shall weave in the strengths of the Government, research and development organizations, educational institution, corporate entities including MSMEs, start-ups and other stakeholders in an creation of an innovation- conducive environment.
Keywords: Intellectual Property Rights Policy, Information Technology, Innovation, Intellectual Property Rights, Startups.