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Indian startups demonstrated remarkable innovation in FY23, filing a record 83,000 patents, according to a report released by NASSCOM. This marks the highest increase in patent filings in two decades, with a significant 24.6% growth from the previous year.
The report highlights the importance of intellectual property (IP) rights in driving the nation's economic progress through deep-tech innovations.
Tamil Nadu emerges as the leader in patent filings
Tamil Nadu emerged as the leader in patent filings, accounting for 9.3% of the total patents during FY23.
The region surpassed Maharashtra, which contributed 6.8%, due to several factors, such as government subsidies for IP registrations, a robust research and development ecosystem, and a significant number of PhD scholars. These factors have positioned Tamil Nadu at the forefront of India's IP landscape, the report said.
Gender and institutional contributions
The contribution of women to patent filings has also seen an increase, with their share rising to 11.6% in FY23 from 10.2% the previous year. Educational institutions have played a pivotal role in this growth, enhancing awareness and driving IP rights among students and researchers.
The increasing involvement of educational institutes indicates a growing culture of innovation and research in academia.
Challenges and future directions
Despite these advancements, India's global share in patent filings remains just above 2%, signalling the need for more focused initiatives to boost global IP contributions.
NASSCOM President Debjani Ghosh emphasized the importance of enhancing domestic patent activity through strategic collaborations, stating, "The surge in patent filings within the last few years is a clear indication of India’s growing innovation prowess, particularly in areas like artificial intelligence. To further enhance domestic patent activity, collaborations among key stakeholders are essential for fostering and increasing awareness of intellectual property rights."