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Time to Shift Patent Recognition from West to India?
- Patent Forge AI automates the patent commercialisation process, streamlining tasks such as identifying potential buyers, generating marketing documents, and closing deals faster than traditional IP firms.
- The Patent Forge AI tool can create a target list of North American companies in a specific industry and generate customized documents such as emails and proposals tailored to the invention.
- The Indian Government has announced the One Nation One Subscription scheme wherein nearly 18 million students, faculty, and researchers in India would have free access to around 13,000 journals through a single portal starting January 2025.
- If patents are to foster innovation, inventors, and stakeholders should have a clear understanding of the patent's purpose and potential. Patent Forge AI simplifies this information and makes it easier to communicate an invention's value.
- TV Mohandas Pai, chairman at Aarin Capital highlighted the challenge that Indian inventors face regarding recognition on a global stage. Many patents attributed to Western companies are the result of work conducted in India.
- Patent Forge AI contributes towards recognition of inventions in two contexts: individual recognition and how Indians often go unrecognised in global innovation.
- The One Nation One Subscription scheme allows students and researchers to solve existing problems without reinventing the wheel. They can use resources as building blocks to innovate and develop new technologies more quickly and effectively.
- Patent Forge AI is entirely AI-driven and drastically reduces the time, effort, and cost involved in patent commercialization. It's a completely different vertical from traditional IP services and focuses on empowering inventors with an affordable and efficient solution.
- The patent system is designed to encourage knowledge sharing and innovation. Freely available information, not locked behind paywalls or subscription models, benefits society immensely.
- To gain recognition for Indian inventors on a global stage, the Indian research culture needs to consider patent filing as an objective, and Indian professionals working as part of global teams should be listed as applicants in patents.
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