Startups must register their IP to protect their Business or Technology idea

No. PR- 170

December 22, 2020

New Delhi

 

Startups must register their IP to protect their Business or Technology idea

 

PHD Chamber of Commerce and Industry (PHDCCI) organized an Interactive Video Conference on “Importance of Intellectual Property Rights for Startups” to educate Startups about benefits of IP and how protecting IPRs can enhance their competitiveness.

 

Addressing the participants on the occasion, Dr. Satvir Singh, Dean, Planning & Development, I.K. Gujral Punjab Technical University, Kapurthala said IP awareness and protection is very important for Startups and today’s programme will encourage their Startups to use IPR tools for their benefit.

 

Mr. RS Sachdeva, Chair, IPFC Steering Committee& Mentor, Punjab State Chapter, PHDCCI welcomed the speakers and participants. He informed that PHDCCI has been assigned three IP Facilitation Centres by Ministry of Micro, Small & Medium Enterprises, Government of India in the States of Punjab, J&K and Delhi. The IPFC in Punjab has been set up at Amritsar that will be formally inaugurated in January 2021 and would provide all IP related services like Trademarks, Patents, Copyrights, Designs and Geographical Indication, etc. He added that PHDCCI is organizing series of events to publicize and apprise stakeholders of the services of IPFC for Startups and Industry members.

 

Highlighting the importance of IPR, Adv. Geeta Gulati, Trade Marks & Patent Attorney in her address explained three forms of IPs.  She mentioned Trademark covers name, logo and color, gives identity to the product and has territorial jurisdiction, Copyright refers to the way company’s logo & name is written and Design which is similar to copyright comes into existence when the copyright is given to the manufacturer. She added that Patent can be done for a new invention only. Adv. Gulati also explained that IP can be financially exploited in the form of franchise agreement, Licensing and Royalty.

 

Dr. ShwetaSen, Head IPR, Integrum IP made comprehensive presentation discussing  various strategies for protection and exploitation of IP Rights for Startups. Ms. Sen mentioned that Startups should evaluate and prioritize the IP Rights involved in their business.  She added Copyrights protect expression and creativity, not innovation. While Patents protect inventions. She advised that Startups should protect their ideas with any form of intellectual property protection for their overall business growth.

 

Mr. ParamKalra, Member, IPFC Steering Committee & Chair, Punjab Startup Committee, PHD Chamber of Commerce & Industry moderated the session and posed insightful questions to Experts.

 

Around 85 Startups and students of I.K. Gujral Punjab Technical University, Kapurthala attended and benefitted from the programme.

 

Ends

Media Division

PHD Chamber of Commerce and Industry