IISc, Pune agency develop patent administration software program | India News

BENGALURU: The Indian Institute of Science (IISc) on Monday mentioned its Intellectual Property and Technology Licensing unit (IPTel) has constructed an indigenous patent administration software in collaboration with Pune-based software firm Prorigo.
The software program, which can price solely a fraction of the price of related merchandise bought by world corporations, is focused at tutorial establishments and small lawyer corporations.
In an interplay with choose journalists, Srinivasan Raghavan, an IISc affiliate professor who led the event of the device mentioned:
“The software automates the legal and bureaucratic part of this process. Version 1 has been released today (Monday) after about three years of testing. Version 2 will automate the financial part and is set for release later this year, while Version 3 will bring in artificial intelligence approaches to prior art searches required to evaluate a patent. This is set for release in 2022.”
The software program is offered for business use as a pay-as-you-use providing. It automates the end-to-end course of and is hosted on the Microsoft Azure cloud.
At current, most patent administration software program obtainable in India is developed by multi-national corporations and aimed toward both company customers or giant authorized corporations, IISc identified, whereas including that the associated fee — usually inclusive of per-user licence — makes it non-viable for educational institutes.
IISc and Prorigo mentioned earlier than creating the software program, IISc was managing the whole course of manually, with practically 80% of the time and price the IP group was spending and had little effort for translating or working with the business to monetise the IP.
Kaustubh Karandikar, director- software program improvement, Prorigo Software mentioned the device will present an operational blueprint for the IP cell and will probably be obtainable as each a managed service or an enterprise SaaS product.
IISc director Govindan Rangarajan mentioned that IISc whereas creating the software program, has additionally learnt the best way to outline the method. “We hope that once this is translated, the benefits can be shared with institutes in India and abroad,” he added.
A big a part of the method in submitting a patent is taken up by follow-ups and preserve monitor of what must be achieved. Raghavan mentioned that the software program would automate the method, permitting the division to concentrate on translating the IP to business and discovering use circumstances for it.

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