Electronics policy sets eyes on Sovereign Patent Fund

The National Electronics Policy (NEP) 2019 aims to create a Sovereign Patent Fund (SPF) — a State-led investment fund that will acquire Intellectual Property (IP) assets important to national economic objectives.

According to industry experts, the fund can develop a domestic innovation ecosystem, acquire critical IP and reduce the knowledge gap, as well as help generate new businesses based on the IP assets owned by Indian corporates.

“The SPF can provide high-level IP support and expertise to Indian enterprises, which themselves may be unable to afford it, so that they can start up and scale up,” Lloyd Mathias, Senior Technology Executive and Former Asia Pacific Marketing head of HP, told BusinessLine.