IP smart toolkit for doing business in India launched

British Deputy High Commissioner in Chennai, Bharat Joshi, launched a toolkit to guide foreign companies through an “IP smart” approach to doing business in India on 20 April 2016 in Chennai. The launch has been reported widely by local press.

The toolkit is the result of a research project undertaken by IP Dome Strategy Advisors, with support from the UK Intellectual Property Office.  It was conceived as a tool to guide British and other foreign companies entering India, understand the IP strategy that is best suited to their size, needs and priorities in India.

Recognising that protecting IP remains an important challenge for businesses, and stressing on the importance of IP for the UK, the Deputy High Commissioner said, “The UK’s total investment in IP rights – patents, designs, copyright and trademarks – runs at over 4% of our GDP. In 2011 we invested almost half as much on intangible assets, including IP, as on tangible assets – £127 billion on intangible assets, compared with £88 billion on tangible assets.  That’s why intellectual property matters.” 

The launch event was widely attended by Indian and UK companies, entrepreneurs, researchers, SMEs and IP consultants.  While Swapna Sundar (CEO IP Dome) explained the contents of the toolkit; a panel discussion moderated by Professor VC Vivekanadan (MHRD Chair NALSAR Law University) focused on the current IP scenario in India and key IP issues faced in IP different sectors.

So here’s presenting you the toolkit!  Hope it helps you better understand how best to manage your IP in India.