Total Page/Topic Views of Our Dil Se Desi Students' Corner Blog w.e.f. 16.30 Hrs, 21/06/11 Blog

Recent Topics on Dil Se Desi Students Corner Blog

Tuesday, September 16, 2008

Prospects in Intellectual Property Rights

Intellectual prospects


TODAY, intellectual IP is the most significant, fastest growing and a very expensive field of specialisation in the US and other developed nations. According to the World Bank's Global Economic Prospects Report for 2002 - 'Across the range of income levels, intellectual property rights (IPR) are associated with greater trade and foreign direct investment flows, which in turn translate into faster rates of economic growth'.

In the US alone, for example, studies in the past decade have estimated that over 50% of US exports now depend on some form of intellectual property protection, compared to less then 10% 50 years ago. Further, India signed a WTO agreement in January 2005, which means that Indian companies will now have to compete globally, hence the need to innovate, protect and build commercial and business strategy tools.

Factors that will contribute to the growth of India's knowledge economy include Indian companies, especially small and medium enterprises (SMEs), that are generating enormous amounts of IP, the growing number of multi-national (MNCs) and Indian companies investing in research and development activities, the growing outsourcing/off-shoring opportunities in the fields of patents and IP and the availability of competent scientists, engineers and other technical professionals.


Patents provide insights on technology, business and competition and have the potential to affect key decisions, such as those related to research and development and business strategies of a company, research organisation and universities. The potential of patent information is immense, and the coming years are expected to witness a rise in the influence patents and patent information exert on business decisions. This is due to the fact that the number of patents is on the rise, and the availability of enhanced tools and services that help in analysing and interpreting patent data is also improving.

IBM derives $1.6 billion or 14% of its net income from licensing patented knowledge not involving the company's core knowledge. In India, there is a dearth of qualified patent and IP professionals. At present we have less than 1,500 patent professionals, and the number is likely to grow to 15,000 professionals by 2010.


The industry looks for technical qualifications, training obtained on the subject of patents and IP, qualified patent agents, professional skills/experience in the area of patents and IP and an understanding of laws and processes in different countries. In addition, recruiters also look for good analytical skills, technical writing skills, experience/knowledge of software and internet applications and tools.

However, due to the lack of technical patent and IP professionals, recruiters even end up hiring people with sound understanding of their technical subject and who possess strong communication and analytical skills.These professionals are then trained internally on the subject of patents and IP before they become productive for the organisation.

Recruiters prefer professionals with a postgraduate degree, and experience, or a postgraduate degree with a professional qualification in the field of patents and IP. The criteria may vary from industry-to-industry but, in general, companies prefer professionals with experience or who have undergone good training programmes in the field of patents and IP.


IP represents a secure and neverending career and pay packages for trained professionals vary depending on their experience and the needs of the organisation they join.

For example, a trained patent professional with two-three years of experience in the KPO/LPO industry can earn anywhere between Rs 6-12 lakhs perannum. Another example, a patent valuation expert with two to three years of experience can earn between Rs 8-15 lakhs with an IP valuation company or a law firm. Entry-level professionals can earn between Rs 4.5 to 6 lakhs per-annum.

Patents have opened up a whole new 'world of opportunities' that did not exist earlier - that of career opportunities combining skills of two professions, science and law, for without these two 'wheels' patent and IPRs cannot move.

Sunil Sharma


Dil Se Desi Group

No comments:

Post a Comment

Please Leave Your Precious Comments Here