Encouraging Innovative Ideas, Patenting And Technology Commercialisation, The Indian Institute of Patent and Trademark (IIPTA) Is Here To Bring Awareness and Development In The Forefront

Encouraging Innovative Ideas, Patenting And Technology Commercialisation, The Indian Institute of Patent and Trademark (IIPTA) Is Here To Bring Awareness and Development In The Forefront

Encouraging Innovative Ideas, Patenting And Technology Commercialisation, The Indian Institute of Patent and Trademark (IIPTA) Is Here To Bring Awareness and Development In The Forefront

Kirtiman Sharma And Cheshta Sharma - Founders - IIPTA

Encouraging Innovative Ideas, Patenting And Technology Commercialisation, The Indian Institute of Patent and Trademark (IIPTA) Is Here To Bring Awareness and Development In The Forefront

Educational options have become far more diverse in the last two decades. Digitalization also has made learning accessible to many parts of society that were previously left deserted of their educational rights. Indian Institute of Patent and Trademark (IIPTA) is an educational company with a background in science, pharma, biotech, and healthcare. It is involved in training, workshops, consultations, flagship programs, and many career options for students’ growth and knowledge.

Founded in 2012 by Cheshta Sharma and Kirtiman Sharma, IIPTA has trained over 5 lakh students and professionals in science, pharma, biotech, and healthcare. It has also successfully conducted 100+ national and international workshops in patenting. Moreover, companies have generated jobs in the IP workforce by working with healthcare, pharma, and IP.

Recently, on World IP Days on 26th April 2022, the Indian Institute of Patent and Trademark (IIPTA) gathered around IP influencers from 9 different countries to organise an international event. In short, they have been engaged in consultations with pharma, biotech and healthcare companies in finding innovative ideas, patenting and technology commercialisation.

Goals & Prospect Of The Indian Institute of Patent and Trademark

Indian Institute of Patent and Trademark (IIPTA) is determined to spreading awareness and deliver knowledge for Intellectual Property Rights (IPR) patents, trademarks, copyrights, designs etc. In addition, they are keen on preparing a workforce for the industry. This has given them the purpose of training biotech, pharma, healthcare students and professionals and lawyers for handling IP matters.

The company has steadily been conducting various awareness workshops and camps for universities. They have a vision of helping innovators and inventors understand the power of IP, which has a significant monetisation role. Every business needs to know the value of its intellectual assets. Indian Institute of Patent and Trademark (IIPTA) attempts to provide knowledge and understanding by bringing together IP Influencers across the globe.

A Peek Into The Services Provided By Indian Institute of Patent and Trademark (IIPTA)

As mentioned before, IIPTA has many projects and propaganda that they wish to obtain. Surely enough, they have come quite far. Indian Institute of Patent and Trademark has different services, starting with their training programs. They have been training students who want to begin careers in patents and IPR.

Secondly, they are also involved in providing flagship programs, namely JOPAT (Job Oriented Patent Analyst Training Program). Their IP involvement has also led to conducting PATKEY (Indian Patent Agent Examination). The Indian Institute of Patent and Trademark (IIPTA) has also organised workshops. These are practical workshops in universities and colleges all around India.

Patent and Technology consulting in pharma and biotech is also one of their perks, along with Research Reports on technology trends, drug expiration, and Freedom to operate technology in global markets. Indian Institute of Patent and Trademark (IIPTA) has also been linked to publishing India’s first IP magazine, “ IP and Business”. IIPTA has two offices, one situated in Delhi and one in Mumbai.

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Key Executives Of The Indian Institute of Patent and Trademark (IIPTA)

The company was founded by two friends who turned into business and life partners, Kirtiman Sharma and Cheshta Sharma. Cheshta Sharma is a B.Tech graduate holding a degree in Biotechnology. After this, she pursued IPR, qualifying Indian Patent Agent Exam. She also attended a Technology Management Program at Harvard Business School.

Bringing her knowledge into the Legal Education and Consulting speciality in the patents and technology industry, Cheshta and Kritiman developed the Indian Institute of Patent and Trademark. Their understanding of the industry and hard work allowed IIPTA ( Indian Institute Of Patent and Trademark) to become India’s No.1 institute in IPR.

The Success Of The Indian Institute of Patent and Trademark (IIPTA)

The Indian Institute of Patent and Trademark (IIPTA) is concerned with developing a unique combination of science and law to make its services more relevant to customer demands and the overall market needs. In addition, they have a significantly higher aim towards organising the means for global coverage of consultation across multiple countries.

However, the firm’s success story is much more diverse. The Indian Institute of Patent and Trademark (IIPTA) has been listed by the World Intellectual Property Organization (WIPO) as an active participant in IP awareness.

Very recently, on 26th April 2022, to be precise, the Indian Institute of Patent and Trademark (IIPTA) organised an international event with global IP influencers representing India. It was a massive success, with countries like the US, Kenya, Bangladesh, Qatar, Lebanon, Brazil, China, and Canada; actively partaking in the event.

The Indian Institute of Patent and Trademark (IIPTA) can further be recognised from the country's numerous features in national newspapers. Topmost newspapers like Times of India, Amar Ujjala, Danik Bhaskar, Danik Jagran and more have taken their time to acknowledge the contribution of IIPTA and their ongoing efforts in the industry. Their fundamental value in achieving this success has been to always push for quality services over quantity.

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IIPTA- What’s Instore For The Company Five-Year Down The Line?

In modern India, businesses are gradually acknowledging the need for an understanding of Intellectual Assets. As India progresses as a nation, it holds immense potential for becoming the hub of innovation. Currently, India is number 1 in the pharma sector. This has increased the scope of patent awareness, education and services at a promising rate.

India has also recorded more domestic patent applications than international ones for the first time, a 50% increase in an overall patent filing. In addition, the strengthening of the Government-sponsored Intellectual Property Regime (IPR) to boost the innovation ecosystem has clocked a 5X increase in patent grants.

On top of it, the ‘Make in India’ campaign has added more flare to the matter. This has resulted in speculations of increased demand for patent professionals, technology collaboration etc. Lastly, the ‘Startup India’ campaign has added a cherry to the icing, leading to increased patent filings in India and the US.

Challenges Encountered By The Team Of Indian Institute of Patent and Trademark (IIPTA)

The most challenging task that the Indian Institute of Patent and Trademark (IIPTA) has dealt with is probably hiring of right people on the team. They have always believed and witnessed that even a limited employee base consisting of the right minds can significantly impact. Even when the workforce is less in number, the right people can still pull through, unlike a massive employee list with no organised or skilful employee base that can do the job fruitfully.

The Indian Institute of Patent and Trademark (IIPTA) had a clear road map with this realisation. They intended to reach international markets in US and Europe with IP awareness and consulting and has this listed among their plans for the future.

The Indian Institute of Patent and Trademark (IIPTA) was a dream of Cheshta and Kritiman that was made true by their sheer hard work and perseverance. Cheshta Sharma also advises upcoming entrepreneurs to keep working on their dreams. She added, “Don’t let others tell you. You always know what is best for you”. Everybody has to hustle their way up in this big industry, and the idea is to always keep moving, primarily through the failures.

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