The instrument, obtainable commercially as a pay-as-you-use providing, automates the end-to-end course of and is hosted on the Microsoft Azure cloud platform.
“This can assist automate and streamline the patent submitting course of for the IP cells at tutorial institutes,” stated IISc Affiliate Professor Srinivasan Raghavan, who led the event of the instrument with Prorigo. “It’ll additionally liberate time to permit for translating the intellectual property to business.”
Most patent administration software program at present obtainable in India have been developed by multinational corporations and is aimed toward both company customers or giant authorized companies.
The fee construction, which regularly requires a per-user licence price, makes it unsuitable for tutorial establishments the place the numbers are a lot larger.
“The price of a part of the licence (of imported software program) was greater than the price range of IPTel at IISc,” stated Raghavan. IPTel is the Mental Property and Expertise Licensing unit of the IISc. “The price range of IPTel is in crores,” he added by the use of rationalization.
From the time an IP is disclosed for defense to the time a patent is granted and dies, many steps happen over a interval of about 20 years, Prorigo and IISc stated.
Earlier than creating the software program, IISc was managing your entire course of manually, and there was little effort in translating or working with the business to monetise the IP.
“The software program will present an operational blueprint for the IP cell and shall be obtainable as each a managed service or an enterprise SaaS product,” stated Kaustubh Karandikar, director- software program growth at Prorigo Software program.
The product shall be obtainable in three modules. The primary module, authorized agreements, has been launched. The second model, which automates the monetary half, shall be launched in just a few months, and the third module, which can use synthetic intelligence to guage a patent, shall be launched in 2022.
“That is an indigenous software program and whereas creating it, we’ve additionally learnt find out how to outline the method. We hope that after that is translated, the advantages could be shared with institutes in India and overseas as nicely,” stated IISc Director Govindan Rangarajan.
A big a part of the method in submitting a patent is taken up by follow-ups and in holding observe of what must be achieved. Raghavan stated the software program would automate the method, permitting the division to give attention to translating the IP to business and discovering use circumstances for it.
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