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Startup Mahakumbh: MSH’s Jeet Vijay Highlights The Importance Of Patents For Deeptech Innovation

Inc42Inc42 · 8m
Startup Mahakumbh: MSH’s Jeet Vijay Highlights The Importance Of Patents For Deeptech Innovation

During a session at the Startup Mahakumbh event, the critical role of intellectual property (IP) in commercializing deep tech innovations was discussed. The panelists emphasized the importance of startups securing patents to protect their innovations, highlighting that startups with patents receive higher valuations. They also suggested utilizing the Patent Cooperation Treaty (PCT) for cost-effective international patent filing. The session acknowledged the lack of awareness among startups regarding IP protection but highlighted government schemes and initiatives that provide financial aid for patent filing. Strategies such as hiring an IP lawyer and conducting IP searches were recommended for startups seeking patent protection.

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