Corporates and research institutes planning frontline research need proper IPR (Intellectual Property Rights) expertise to pick the correct area, avoid duplication and invest their time, human resources and money to gain competitive advantage. In view of the tremendous growth in knowledge and proliferation of patents, the task has become tough. Hence, the space for specialised entities that can provide this key input is starting to grow. The new patent regime and the growing competition from multinationals have also brought patents into the limelight among Indian companies.
One of the early entrants into this potential, money-spinner is the Hyderabad-based SciTech Patent Art Services (SPA), which provides the end-to-end IP management services to help clients optimise their returns on R&D investments.
