The device, out there commercially as a pay-as-you-use providing, automates the end-to-end course of and is hosted on the Microsoft Azure cloud platform.
“This will help automate and streamline the patent filing process for the IP cells at academic institutes,” stated IISc Associate Professor Srinivasan Raghavan, who led the event of the device with Prorigo. “It will also free up time to allow for translating the intellectual property to industry.”
Most patent management software at the moment out there in India have been developed by multinational firms and is geared toward both company customers or massive authorized companies.
The price construction, which frequently requires a per-user licence charge, makes it unsuitable for educational establishments the place the numbers are a lot larger.
“The cost of a component of the licence (of imported software) was more than the budget of IPTel at IISc,” stated Raghavan. IPTel is the Intellectual Property and Technology Licensing unit of the IISc. “The budget of IPTel is in crores,” he added by the use of rationalization.
From the time an IP is disclosed for cover to the time a patent is granted and dies, many steps happen over a interval of about 20 years, Prorigo and IISc stated.
Before creating the software, IISc was managing all the course of manually, and there was little effort in translating or working with the trade to monetise the IP.
“The software will provide an operational blueprint for the IP cell and will be available as both a managed service or an enterprise SaaS product,” stated Kaustubh Karandikar, director- software improvement at Prorigo Software.
The product can be out there in three modules. The first module, authorized agreements, has been launched. The second model, which automates the monetary half, can be launched in a few months, and the third module, which is able to use synthetic intelligence to judge a patent, can be launched in 2022.
“This is an indigenous software and while developing it, we have also learnt how to define the process. We hope that once this is translated, the benefits can be shared with institutes in India and abroad as well,” stated IISc Director Govindan Rangarajan.
A big a part of the method in submitting a patent is taken up by follow-ups and in protecting observe of what must be completed. Raghavan stated the software would automate the method, permitting the division to concentrate on translating the IP to trade and discovering use instances for it.