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This is actually a perfect example of how patents SHOULD work. Unilever invested in the research to discover niacinamide's benefits and deserved protection to recoup that investment. Then when the patent expired, competition flourished, prices dropped, and now everyone benefits from wider access. The system worked exactly as designed - temporary monopoly encouraging innovation, followed by broader access.
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Startup Recognition in India ' (under DPIIT – Department for Promotion of Industry and Internal Trade) 🎁 . Benefits After DPIIT Recognition: Tax exemption for 3 years under section 80IAC. Exemption from Angel Tax under section 56(2)(viib). Easie
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🚀 DPIIT Registration for Startups 101 🔍 What is it? DPIIT Registration is the Indian government's official recognition for startups under the Startup India initiative, launched in 2016 to boost innovation and entrepreneurship! 🇮🇳 ✨ Why Register
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India’s business world has long been dominated by a handful of powerful families, with over 70% of businesses staying within their circles. While this has provided stability, it’s also stifling the innovation and fresh perspectives we need to tackle
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ð ** Exploring India's Startup Ecosystem: Challenges and Opportunities ** ð As the Indian startup ecosystem continues to evolve, it is encouraging to see many new ideas coming into play. But our journey is not without obstacles. Here are some of the
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Job creation is essential for economic growth, and it can be achieved through two key approaches: direct employment and the creation of partnerships. While direct employment is the traditional method of job creation, fostering partnerships is particu
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