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In India, patent monetization is growing in popularity as businesses and inventors look to make money off of their intellectual property. Indian startups, universities, and businesses are realizing the value of converting patents into assets that generate income as a result of the increased focus on research and development. Strategies for monetizing patents include licensing, outright sales, and the enforcement of rights through settlements or legal action. By enhancing the patent application procedure and providing incentives for IP commercialization, the Indian government has also taken action to encourage this trend. But problems like ignorance, insufficient valuation knowledge, and enforcement problems continue to exist.
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12/10/1916
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