Context
The Ministry of Electronics and Information Technology (MeitY) has introduced the IP Catalyst initiative and a dedicated digital platform to support innovation, intellectual property generation and technology transfer in India.
About Intellectual Property Catalyst (IP Catalyst)
- It is being implemented by the Centre for Development of Advanced Computing, Pune under the support of the Ministry of Electronics and Information Technology (MeitY)
- The initiative seeks to bridge the gap between publicly funded research and industrial application by promoting cooperation among academia, startups, MSMEs, MeitY institutions and industry.
- It supports the complete innovation cycle, including research, patent creation, licensing, commercialization and market deployment of technologies.
- The platform enables unified digital access to intellectual property support services and technology commercialization mechanisms.
- The initiative facilitates intellectual property valuation, technology transfer and licensing arrangements.
- Assistance is also provided for converting prototypes into commercially deployable products and facilitating their entry into the market.
