India-domiciled cos filed over 4\,600 patents in US between 2015-2018: Nasscom

India-domiciled cos filed over 4,600 patents in US between 2015-2018: Nasscom

Press Trust of India  |  New Delhi 

India-domiciled companies filed over 4,600 patents in the US between 2015-2018, a majority of which were from the technology domain, a report by industry body said Friday.

Interestingly, Indian start-ups have filed nearly 200 patents in the US during 2015-18, and a majority of these focused on emerging including image processing, artificial intelligence, cyber security, and Internet of Things (IoT).

Overall, the share of from India-domiciled companies has consistently increased to 64.8 per cent in 2017-18 from 51 per cent in 2015, the report said.

Within technology patents, the share of emerging technologies has increased consistently to 56.3 per cent in 2017-18 from 38.3 per cent in 2015, while the share of computer and witnessed a decline.

AI led the emerging technologies race both in terms of number of patents (330 patents) as well as growth over the period 2015-18.

Apart from AI, there has been a consistent growth on in other emerging tech domains with patents being filed in cyber security (193), IoT (107) and (88) accounting for over 50 per cent of the tech patents filed in 2017-18, the report said.

Innovation is the key to driving transformation and such patents and trademarks are a testimony to this transformational growth, said.

"As a country, can further strengthen its potential as an innovation hub through more investments in research and strategic collaborations. We are confident that we will usher in a new wave of innovation and intelligence in the country," she added.

The study also highlighted the growth story in newer application areas including cyber security (96), digital payments (31), (87) and navigation (58).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 26 2019. 16:40 IST