National Ipr Policy of 2016

NATIONAL IPR POLICY OF 2016

National IPR Policy 2016 encompasses all IPRs into a single vision document setting in place an institutional mechanism for implementation, monitoring and review of IP laws.

• The policy has seven objectives designed for creating an environment that encourages innovation and creativity by providing stronger protection and incentives for inventors, artists, and creators.

Objectives

• Raising public knowledge of the advantages of intellectual property among all societal segments is the primary goal of intellectual property rights (IPRs).

• To take appropriate action to promote the development and expansion of intellectual property.

• To have robust and functional IP rights legislation that are compliant with international commitments.

• To improve and modernize IP management.

• To spur the sale of intellectual property rights.

• To increase awareness of and respect for intellectual property rights and to fortify the enforcement and adjudicatory procedures for addressing IP infringement.

• Developing human resources and institutions for

training, research, and IP skill development in order to increase capacity.

• There are several measures undertaken to achieve the given objectives.

• Among measures taken are compliance and timeline reduction in IP filing and disposal, fee rebate for Startups, MSMES, Educational Institutions and

expedited examination for certain categories of applicant