Bangalore: According to Nasscom’s India Patent Report, Indian companies have filed over 9,500 patents in the US during the period 2015-21 and 138,000 patents related to technology in India during the same period.
The report is an analysis of patents filed in the US by companies based in India as the country remains a major export market for the Indian technology industry. The report states that the US accounts for 62% of technology exports in FY 2022, and will continue to retain its share of technology patents as it reflects a start-up promotional and IP-right friendly environment.
More than 9,500 patents were filed by India’s parent companies in the US between 2015-2021–an increase of about 47% over 2015-2019. Also, the share of tech patents in the total patents filed in the US increased to 54% in 2015- 21 as compared to 52% in 2015-2019.
Of the 9,500 patents, the top domain areas in the tech sector were computer technology, communications technology and artificial intelligence in the non-technical space, which were pharmaceuticals, chemistry and chemical structures, and mechanical and structural inventions. In terms of patent assignment type, technical patents filed by individual inventors/academic research saw the highest growth of 60%, with Indian companies registering an increase of over 50% in 2015-21 over 2015-19. The report said that around 400 technology patents were filed by Indian start-ups during 2015-2021, an increase of 45% from 280 patents in the 2015-2019 period.
Sangeeta Gupta, Senior Vice President, NASSCOM, said, “It is extremely encouraging to note that intellectual property creation remains a key imperative – a growth of over 45% from 6,500 patents granted by Indian domicile organizations in 2015-2021 from 6,500 patents during 2015-2019 is registered.” , The report was released to mark World Intellectual Property Day on Tuesday.
Software apps, healthcare and medical devices have maintained their lead as the top application areas in patent filings and have a combined share of over 21% in the current study compared to a similar share in the 2015-19 period.
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