Prof. Unnat Pandit delivers lecture on ‘Intellectual Property and Innovation for new India’

SGT Times Reporter

Gurugram, March 28

Gurugram: Prof. Unnat P Pandit, Controller General, Patents, Designs and Trade Marks (Designated) said on Monday that 97 per cent of patents that are filed across the globe eventually don’t reach the stage where they can be beneficial for the society.

Delivering a guest lecture on “Nurturing Intellectual Property and Innovations for New India” in Shree Guru Gobind Singh Tricentenary University here on March 28, Prof. Pandit said that this was sheer waste of resources used on researches because the end used fail to get any benefits.

He said though there were several reasons why nearly 97 per cent of the patents filed failed to benefit the end users, but most common reasons were late filing, missed deadlines, filing patents in wrong countries etc.

Delving into the journey of the creation of an Intellectual Property, Prof. Pandit said that the expedition starts with identification of a problem, finding its solution, prioritizing the research and finally on the idea.

Terming knowledge dynamics as mindset to market, Prof. Pandit explained how to generate an idea, how to design a solution and how to implement it commercially.

The guest speaker displayed Naditarangini, artificial intelligence and machine learning (AI &ML) driven Ayurveda device, a patent which is getting acclaims across the world.

He also exhibited Taraltec Reactor for Safe Water that costs Rs 6 to 8 thousand and has a validity of 25 years.

Taraltec Reactor is a cost-effective way of filtering potable water.

Axiostate Chitosan Haemostatic Dressing, a product that can stop bleeding in 20 seconds and save lives, was another important patent showcased by Prof. Pandit.

He said that this product was being offered to Indian defence forces and trauma centres.

Students asked a myriad of questions relating to the IPR, patents and copy rights.

Earlier, Prof. OP Kalra, Vice-Chancellor of SGT University welcomed Prof. Pandit to the campus.

Prof. Rajneesh Wadhwa, Dean, External Affairs and Director, Outreach of the University, several deans and faculty members were present on this occasion.

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