Latest Issue 
Activities Round Up
| Date | : | 04 Apr to 04 Apr 2013 |
| Place | : | New Delhi |
| Organised by | : | FISME |
FISME launches IPR exchange, a book on Intellectual Property and honours winner
Enabling Micro Small and Medium
Enterprises (MSMEs) to buy or sell Intellectual Property Rights (IPRs), an
online IPR Exchange has been launched by Secretary in the Ministry of MSME Mr
Madhav Lal on April 4, 2013 in New Delhi.
This exchange is India’s first online exchange for
Intellectual Property, which has been set up by the industry body,
Federation of Indian Micro, Small and Medium Enterprises (FISME) with support
from the British High Commission.
“The IPR Exchange created by
FISME with the help of British High Commission creates a wonderful mechanism to
extract value of all the knowledge based initiatives an enterprise has taken.
Its promise of converting such knowledge-based initiative into money is worth
giving a serious push,” said Mr Madhav Lal.
He said in a 30 million strong
sector (MSME) in a billion strong country, “we need initiatives that could be
scaled up to make appreciable impact.”
“Small businesses are important
for every economy to flourish, such initiative will encourage them to come up
with innovative ideas and protect them from being copied,” said Mr Andrew
Jackson, Counsellor Knowledge Economy, British High Commission.
The event started with screening
of an in-house
documentary based on importance of Intellectual Property Rights for MSMEs
in India.
Be it IPRs of technological inventions, literary and artistic works, symbols, names, images and designs or copyrights of poems, films, music, paintings or radio or TV recordings, each of them can be traded online on the IPR Exchange set up by FISME.
Last year, FISME organized a national contest on “Identification and Valuation of IPRs in MSMEs” and the winners Ms Surbhi Mehta and Mr Kaustubh Sinha have won the contest. They were awarded with the cash reward of Rs one lakh in the event.
FISME received more than 30
abstracts for the contest, all over the country. Out of the abstracts received,
12 were shortlisted for submission of detailed papers. Further, three best
research papers were selected and complied into a book named “Identification &
Valuation of IPRs in MSMEs”.
This book has been inaugurated in
the event.
Meanwhile, FISME President Mr D
Gandhikumar said, “A business case –evaluating a decision from the perspective
of profitability, demands that for the protected intellectual property to be
bought, sold, assigned or transferred like any other physical property, its
value ought to be ascertained through a market based mechanism. The IPR
exchange aims to do just that”.
It would also help the entrepreneurs
to assess valuation of their IPRs through a specialised service.
FISME has been actively involved
in the promotion of IPRs through various initiatives like the Intellectual
Property Facilitation Centres (IPFCs).
The centres spread in various cities like Delhi, Hyderabad and Bangalore.
