PHDCCI discusses importance of IPR in startups

Lucknow: The UP Chapter of PHD Chamber of Commerce and Industry in association with Small Industries Development Bank of India (SIDBI) and Indian Institute of Information Technology, Lucknow organized a presentation on Importance of IPR for Start-ups. The main objective of the session was to create awareness and emphasize on the benefits and importance of IPR and related sub-sectors for entrepreneurs and start-ups.

The key dignitaries of the session included  Shrikant Das, Deputy General Manager, SIDBI, Lucknow; Dr. Bindu Singh, Asst. Professor and Incharge Incubation Centre, IIIT, Lucknow;  Balram Singh, IP Consultant & Partner, Chief Consultant, Patent Minder Partner Associates;  Ravi Pandey, Head, IP & Technology Transfer Cell, IIT Kanpur; Rishi Raj Tandon, Director, Saptarishi Infosystems Pvt. Ltd. and  Atul Srivastava, Resident Director, UP Chapter, PHDCCI.

Dr. Bindu Singh, Asst.  professor and in-charge set the theme of the session and expressed their gratitude to PHDCCI for inviting them to collaborate and share insights with the Indian Institute of Information Technology, Lucknow for this fruitful session. She was equally grateful to SIDBI for forming the Swavalamban Club to educate the youth about entrepreneurship.

Shrikant Das, Deputy General Manager, SIDBI spoke about the role of SIDBI in nurturing MSMEs and budding startups through loan lending. He highlighted the role of SIDBI in handling startups in terms of providing the budding businesses the financial support they need for success. Talking about the important role played by IPR in MSMEs, he said that creating a unique product for business or bringing innovative ideas into reality can prove to be an invaluable asset for MSMEs. He also talked about the Fund of Funds by SIDBI which aims to encourage the Government agenda of promoting entrepreneurship by providing indirect funding to emerging start-ups through provision of funds to Venture Capital Funds present in the Indian Start-up Ecosystem.  Das informed that SIDBI helps MSMEs in getting the necessary funds to develop, market, develop and commercialize their technologies and innovative products. He said that the bank offers several schemes and also provides financial services and products to meet the individual requirement of various businesses.

Referring to the UP Startup Fund, he said that ‘UP Startup Fund’ is the first state fund to be operational and it will encourage eligible startups in the state.

Das gave a comprehensive overview on various schemes including credit facilities, subsidies and non-fiscal incentives offered under the Uttar Pradesh Startup Policy and also highlighted the scale of benefits offered under SIDBI’s Swavalamban scheme, which is an umbrella working as. Mission to awaken entrepreneurship. He thanked PHDCCI UP Chapter for organizing this informative forum and giving him an opportunity to speak.

Balram Singh, IP Consultant & Partner, Chief Consultant, Patent Minder Partner Associates;  Ravi Pandey, Head, IP and Technology Transfer Cell, IIT Kanpur discussed the concept of IPR and how to identify and create it. He also explained the importance of IPR and types of intellectual property. Copyrights, patents, trademarks and trade secrets were some of the popular types of information they provided. He also explained about Intellectual Property Law and its benefits.

He also informed about the importance of Geographical Indication in Integrated Circuit Layout Design and IPR and said that it is used to identify agricultural, natural or manufactured goods produced, processed or manufactured in the particular area for which Because the product has a special quality, reputation and/or other characteristics. Both also highlighted the Intellectual Property Rights benefits provided by the government and concluded by briefing about the Scheme to Facilitate Start-up Intellectual Property Protection (SIPP).

Rishi Raj Tandon, Director, Saptarishi Infosystems Pvt. Ltd. gave an overview and significant contribution complemented by the MSME sector, especially Uttar Pradesh where maximum number of MSME units are present and apart from major contribution to the state’s GDP, they contribute 80 per cent of the state’s exports and Going forward is to increase its exports. He said that the state of Uttar Pradesh has about 90 lakh MSMEs, which has the highest number of small businesses estimated with 14.20 per cent share of 6.33 crore MSMEs in the country. He also pointed out that Uttar Pradesh is dominated by the MSME sector, employing over 11 crore people, which makes the sector the second largest employment facilitator after agriculture.

He also spoke on the importance of IPR, Trademark, Patent, Copyright and GI, which are businesses protecting innovation. He also talked about the incubation centers playing a vital role in guiding, nurturing and handling startups. He said that the incubation cell is a very important, essential factor in the formation of entrepreneurs.

They play a role because, they are the one who develops the ideas and provides the sources of funds, manpower and other market potential to these budding startups.
He thanked PHDCCI for such timely and informative interventions, through which the youth are greatly educated and benefited.

Atul Srivastava, Resident Director, UP Chapter, PHDCCI welcomed and felicitated all the eminent speakers and delegates present during the webinar session and conducted the entire session excellently and took the questionnaire from the audience to the elite panel of experts of the session . He also presented a formal vote of thanks to all the speakers and participants for their valuable time and deliberations in the session.

The interactive seminar was attended by around 120 active participants, mainly professional students from Indian Institute of Information Technology, Lucknow, senior executives of SIDBI, entrepreneurs, budding start-ups, MSMEs, IPR experts as well as those working in the field. Other stakeholders were involved.

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