India's apex body for IT, National Association of Software and Services Companies (NASSCOM) and the chamber of commerce of the IT-BPM industries in India, released a report on April 26 named "Emerging Technologies: Leading the next wave of IP Creation for India", which states that in the 4 years -- from 2015 to 2018 -- Indian companies filed over 4,600 patents in the United States, the majority of which (64.8%) are technology patents.
According to the report, share of tech patents in total patents filed in the US increased to two-third (2/3rd) in 2017/18 from half in 2015. Of the technology patents, the share of emerging technologies has increased consistently to 56.3% in the 2017-2018 period from 38.3% in 2015.
Notably, 40% of the tech patents filed by Indian firms have been granted, said the report.
Artificial Intelligence (AI) leads the emerging technologies patent race both in terms of a total number of patents. From 2015 to 2018, some 330 AI patents were filed in the US by Indian firms. It was followed by patents filed in cybersecurity (193), IoT (107) and cloud computing (88).
Under AI, Machine Learning was the leading sub-domain in AI with over 70% share.
Focusing on the Indian technology innovation story, the Nasscom report explore how companies domiciled in India
are creating IP assets in the US, as exports to US are almost 62% of the technology industry in India and almost 80% of US MNCs have set up presence in India.
Indian startups are also catching up as during 2015-18, India-based startups have filed nearly 200 patents in the US, the majority of which focused on emerging technology areas including image processing, AI, cybersecurity, vehicle technology, and IoT.
NASSCOM President Debjani Ghosh said the report is the first in a series to understand how Indian technology companies are creating IP assets in its largest market.
"As a country, India can further strengthen its potential as an innovation hub through more investments in research and strategic collaborations. We are confident that we will usher in a new wave of innovation and intelligence in the country," said Debjani in a media statement.
It noted that the average patent granting time in the US is 22 months, and nearly 40% of the tech patents filed during 2015- 2018 period had been granted as of February 2019.
The top filers were also top Indian companies, namely Reliance Industries Limited, Welspun Steel, Mahindra, Bharat Petroleum, Wipro, Tata Consultancy Services, HCL, and Infosys.
New applications areas including Navigation, Digital Payments, Logistics, Text/Data Mining and Cyber Security are leading the growth story.
In one of AI patents filed, Bangalore-based Edtech startup, Indiavidual Learning Pvt Ltd (also known as Embibe) has a patent called "Adaptive learning machine for score improvement", wherein Indiavidual Learning has filed patents related to method or system for providing an adaptive learning machine based user interaction. The patent provides a self- learning/adapting system that uses novel user-targeted behavioral interventions thereby allowing a user to continually improve her scoring ability by generating challenges and remedial spot recommendations based on user's previous attempts, aptitude level of user, behavioral, and test-taking skill, thus allowing the user to continuously improve her score in a limited time frame.
In one of IoT patents filed, Bangalore-based IoT firm, Mangasost Consulting has a patent for a Wearable device for a child to communicate with parents and friends.
Under UAVs/ Drone, Infosys-backed drone startup, Ideaforge Technology Pvt Ltd, has filed patent in the field of multi-rotor aerial vehicle called "Multi-rotor aerial vehicle with single arm failure redundancy", that is capable of maintaining a stable flight even if one of its arms and/or associated components fail due to any reason.
Top Featured Image (representative) by Amber Avalona from Pixabay
According to the report, share of tech patents in total patents filed in the US increased to two-third (2/3rd) in 2017/18 from half in 2015. Of the technology patents, the share of emerging technologies has increased consistently to 56.3% in the 2017-2018 period from 38.3% in 2015.
Notably, 40% of the tech patents filed by Indian firms have been granted, said the report.
Artificial Intelligence (AI) leads the emerging technologies patent race both in terms of a total number of patents. From 2015 to 2018, some 330 AI patents were filed in the US by Indian firms. It was followed by patents filed in cybersecurity (193), IoT (107) and cloud computing (88).
Under AI, Machine Learning was the leading sub-domain in AI with over 70% share.
Focusing on the Indian technology innovation story, the Nasscom report explore how companies domiciled in India
are creating IP assets in the US, as exports to US are almost 62% of the technology industry in India and almost 80% of US MNCs have set up presence in India.
Indian startups are also catching up as during 2015-18, India-based startups have filed nearly 200 patents in the US, the majority of which focused on emerging technology areas including image processing, AI, cybersecurity, vehicle technology, and IoT.
NASSCOM President Debjani Ghosh said the report is the first in a series to understand how Indian technology companies are creating IP assets in its largest market.
"As a country, India can further strengthen its potential as an innovation hub through more investments in research and strategic collaborations. We are confident that we will usher in a new wave of innovation and intelligence in the country," said Debjani in a media statement.
It noted that the average patent granting time in the US is 22 months, and nearly 40% of the tech patents filed during 2015- 2018 period had been granted as of February 2019.
The top filers were also top Indian companies, namely Reliance Industries Limited, Welspun Steel, Mahindra, Bharat Petroleum, Wipro, Tata Consultancy Services, HCL, and Infosys.
New applications areas including Navigation, Digital Payments, Logistics, Text/Data Mining and Cyber Security are leading the growth story.
In one of AI patents filed, Bangalore-based Edtech startup, Indiavidual Learning Pvt Ltd (also known as Embibe) has a patent called "Adaptive learning machine for score improvement", wherein Indiavidual Learning has filed patents related to method or system for providing an adaptive learning machine based user interaction. The patent provides a self- learning/adapting system that uses novel user-targeted behavioral interventions thereby allowing a user to continually improve her scoring ability by generating challenges and remedial spot recommendations based on user's previous attempts, aptitude level of user, behavioral, and test-taking skill, thus allowing the user to continuously improve her score in a limited time frame.
In one of IoT patents filed, Bangalore-based IoT firm, Mangasost Consulting has a patent for a Wearable device for a child to communicate with parents and friends.
Under UAVs/ Drone, Infosys-backed drone startup, Ideaforge Technology Pvt Ltd, has filed patent in the field of multi-rotor aerial vehicle called "Multi-rotor aerial vehicle with single arm failure redundancy", that is capable of maintaining a stable flight even if one of its arms and/or associated components fail due to any reason.
Top Featured Image (representative) by Amber Avalona from Pixabay
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