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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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20 YEARS. 1 INGREDIENT. A BILLION-DOLLAR MONOPOLY ๐ฅ In the 1970s, Unilever discovered Niacinamide a skincare powerhouse. But instead of sharing, they patented it for 20 years and built Fair & Lovely, owning 80% of the market in India. For two dec
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Startup Recognition in India ' (under DPIIT โ Department for Promotion of Industry and Internal Trade) ๐ . 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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๐ DPIIT Registration for Startups 101 ๐ 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! ๐ฎ๐ณ โจ Why Register
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Hey I am on Medialย โขย 1y
Indiaโs 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, itโs also stifling the innovation and fresh perspectives we need to tackle
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รฐ ** Exploring India's Startup Ecosystem: Challenges and Opportunities ** รฐ 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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๐HAPPY BIRTHDAY๐ PM MODI Ji๐ PM modi Contribution in Indian startup ecosystem โ 2014-2016: Post the 2014 elections and the initial efforts of the Modi government, the number of startups began to rise. By the launch of Startup India in 2016, the
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PSYCHOLOGICAL MARKETING TECHNIQUE - 2/10 Loss Aversion๐ People hate losing stuff more than they love getting new stuffโthatโs what loss aversion is all about. Marketers love this! They use it to make you panic-buy with things like limited-time dea
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Health begins after ...ย โขย 1y
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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๐ Empowering India's Innovators: DPIIT's Enhanced Credit Guarantee Scheme In a significant move to bolster India's startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has announced pivotal enhancements to the Cred
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