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‘Companies should patent their new products’

Panaji: Although intellectual property (IP) is a valuable asset for entrepreneurs most local unit owners are not aware of protecting it through the use of intellectual property rights (IPR).  Advising Goan unit owners to protect their innovations, Deepak Parab, nodal officer, Goa State Patent Information Center, on Thursday said that, it is important for new companies not to reveal their processes of new products before it is patented.

“On the other hand once a process is patented unit owners need to put it in the public domain so as publicise it to business at large, said Parab who was the chief guest at an awareness programme on IPR organised by the ministry of MSME, the MSME Development Institute, Margao and the World Trade Center (WTC), Goa.

Parab revealed that, the government would be shortly setting up small patent centers across the state to help local MSMEs get patents, trademarks, etc, on time. The smaller patent centers will be set up in coordination with other government agencies, he said.

The state reimburses the entire fees incurred by local unit owners on patents, revealed the nodal officer.

The awareness programme was presided by K Devaraj, director, MSME Development Institute, Margao. “Several innovations take place in the Goan MSME industry but they are not patented due to lack of awareness,” pointed out Devaraj.

The day-long programme was attended by Darshan Vani, president, Mapusa Industries Association, Sadanand Vernekar, managing director, Sunshine Electric Company, Adv. Shalini Sitaram Menezes, director, SimSim Advisory and Cyril DeSouza, assiastant director, WTC- Goa.

  Later during the day, Adv. Menezes,  spoke on the need for protecting IP. She said that, IP is a  monetized asset as it can be sold, purchased as well as leased. “The world over businesses are changing towards ‘knowledge based’ from being ‘asset-based’ previously,” she

said.

  Local unit owners participated robustly in the awareness programme with several unit owners clarifying doubts on IPR.

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