Intellectual
Property is like any other property and the developed
countries respect and comply with Intellectual Property [
(1),(2) and (2.1)1.History of Intellectual Property.
2.Wikipedia’s History of Intellectual Property 2.1.Compendium of patents statics 2006 ] India has to do the same. Historically,
India was the seat of knowledge and wisdom, and India was
the leader in most disciplines. Nalanda and Takshila were
the seats of wisdom [ (3) ]3.Manusmriti
In the first century AD India contributed 33% to world GDP,
China 26% and United States 0.5% . This continued up to
1820. In 1870 the British Empire contributed 24% China 17%
British India 12%, U.K. 9% and the United States 9%. By 1913
the British Empire 21% . United States 19% , China 9% , U.K.
8 % and India 7% . As on 1950 both India and Chaina
were 4%, U.K. 6% and the United States Had gone up to 27%.
This shows that, till around a 150 years ago, India was one of the world leaders contributing
more than 20% toward world GDP. It is only in the last 150 year
that India has degenerated and the world has moved at a
rapid pace further aggravating India's position.In the last
150 years America from 2% has come to more than 20% of the
world GDP today. the main reason for this growth in united
States and deterioration in India is the respect for
knowledge.[ (3.1) ]3.1.List of regions by past GDP (PPP)
Today, the US is at the cutting edge of technology due to
Harvard, Yale, Stanford etc. UK is due to Oxford and
Cambridge. India has to get back to its past glory by
respecting and promoting Intellectual Property. Most of the
Indian MNCs are based on pricing and competitive costing
models and not on Intellectual Property. This has to change.
Once Intellectual Property is respected and we stop copying
and scavenging, we will immediately become a developed
country. All our Intellectuals should be focused on
Intellectual Property and then we can become a developed
country faster than we can imagine. We have to become
leaders and not followers.
The most important asset required for Intellectual Property
is the human brain. Einstein barely used the computer. We
have one of the largest numbers of qualified brains in the
world. India has to become the knowledge capital of the
world. It is just an issue of mindset. Capitalism and
Intellectual Property is the answer and not Socialism and
Protectionism. The wealthiest persons in the world like Bill
Gates and Warren Buffet are giving back their wealth to
society. Scientists will substantially benefit the world
with their knowledge and wealth in the future.
USA and Japan filed around 400,000 patents each annually.
India files 60,000 patents annually. We should be filing
around 400,000 patents per year within 3 years. The cost of
a provisional patent is about Rs.10,000/-. The business
model for scientists is to use their brains, file patents
and then out-license the same to companies with capital and
distribution.[ (3.2) ]3.2.Statical Outline Of India 2005-06
The genesis of Silicon Valley was Thomas Edison and his team
of scientists. MIT and Harvard today have reserves of
several billions of dollars [
(4) and (5) ].4. Harvard Endowment Fund.
5. List of Endowment funds of the various universities in the world
It will not take
long for the IIM's and the IIT's to amass huge capital, once
they focus on Intellectual Property. The Government of India
is providing substantial benefits for Intellectual Property.
Funding is available from The Dept of Science and Technology
(DST), tax benefits etc are also available. Scientists will
soon keep business managers to manage their Intellectual
Properties.
Nanotechnology is the future and it covers all industries
without exception. Nanotechnology is the language of nature.
Nature works at Nano, Femto, and Pico levels
[ (6) and (7) ]6. Nanotech Patents
7. Nanotechnology Map
Only 1.5% of nature is known. 98.5% of the DNA has been
termed as Junk DNA. Now it has been proved that Junk DNA has
functions. We have a vast untapped potential available to be
unraveled. If Intellectual Property is not protected, there
will be no incentives for individuals to embark on the quest
and pursuit of the unknown.
Intellectual Asset Management has now become a complete
discipline by itself and there are various experts
available. In fact there is a complete magazine dedicated to
this subject.
[(8) (9) (10)]8.Intellectual Asset Management Magazine
9.Intellectual Asset Management Advisory
10.Japanese approach to Intellectual Asset Management
Valuation of companies largely depends on their Intellectual
Property (intangible assets).
[(11)]11.Top NASDAQ companies Intellectual Property strategies
A large number of modern economy companies have valuations
in excess of few hundred million dollars with barely any
sales and huge losses on their balance sheet. This is due to
their large Intellectual Property Assets. [(12a, 12b, 12c,
12d, 13, 14)]12a) – Insite Vision (ISV)
12b) – BioProgress (BPRG)
12c) – Penwest Pharmaceuticals (PPCO)
12d) – Generex Biotechnology Corporation (GNBT)
12e) – Novadel Pharma (NVD)
13.Intangible Assets account for 90% of the assets of the modern economy companies..
14.Texas Instruments get their major income from licensing their Intellectual Property.
