National Intellectual Property Award: The national award for intellectual property was given to the Indian Institute of Technology-Madras (IIT-M) for 2021 and 2022. The prize was established by the Ministry of Commerce and Industry’s Ministry of Commerce and Industry.
National Intellectual Property Award: Key Points
- Applications, grants, and commercialization for patents served as the evaluation criteria. The award was given out by Union Minister for Commerce and Industry Piyush Goyal.
- Upon receiving the trophy, citation, and cash prize of Rs. 1 lakh, institute director V. Kamakoti commended the professors, researchers, students, and other stakeholders for their accomplishment.
- “This award has encouraged IIT Madras to produce and safeguard more and more intellectual property with societal effect.
- The yearly award honours those who have excelled, including individuals, institutions, organisations, and businesses, for their intellectual property innovations and commercialization that support the development of the nation’s IP ecosystem and promote innovation.