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: Philip Brooks’ Patent Infringement UpdatesCSIR Looks to Profit from Patents Stock
By Philip Brooks
The following is excerpted from a livemint.com article by Jacob P. Koshy and K.P. Narayana Kumar:
In a significant policy change and an ambitious attempt to monetize its inventory of patents, the Council of Scientific and Industrial Research, or CSIR, India's largest publicly funded research and development body, plans to transfer at least 3,000 patents to a separate, professionally managed company.
The proposed holding company will monetize the patents in a variety of ways-spinning off subsidiary joint ventures and licensing intellectual property, or IP, to professional firms such as Intellectual Ventures Llc., that buy and trade patents, said CSIR director general Samir Brahmachari.
The inventory, the country's single largest stockpile of patents, has a potential commercial value of $1 billion, Brahmachari claimed. It was unclear how CSIR arrived at this valuation.
The Union cabinet on Friday discussed the proposal when it took up a report by R. Kumar, an emeritus scientist at the Bangalore-based Indian Institute of Science, on how CSIR could better monetize its patent stockpile and prevent other entities from infringing it.
Read the full article here.
Full post as published by Philip Brooks’ Patent Infringement Updates on October 06, 2008 (boomark / email).
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