Breaking the standard mould, Indian I.R. regime can chart a new story altogether.
India can and must break the global I.P.R. mould
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The world today is controlled by Western models of innovation, and monetisation of those innovations. That is called the legal cornering of temporary “monopoly right” for the inventors, i.e. the Patents regime. If you are innovative, you can think of something “not obvious to most in the same trade”, and create genuinely new value out of that combination of things/ideas/stuff, you can apply to the Patents Office of the country, and claim a legal I.P.R. (intellectual property right) for that work. Then, you can make some or tonnes of money. But there are serious problems in this model. (1) All Patents Offices are under-staffed, and also have a habit of rejecting a lot of applications (erring on the side of caution), (2) Many countries do not agree on the same thing (US and Japan granted patents to Viagra by Pfizer, but UK denied it citing prior reference to such an inventive path by a Nobel prize winner – hence a “non-non-obvious” invention, hence no patent!), (3) IP rights are supposed to catalyse innovation, but the Patenting system itself is immune to innovation!, (4) IP regimes (including India’s) continues to treat innovations as “land – that is firm” and not “water – that is flowing and cannot be owned by any one” (jurist Hugo Grotius, 15th century – which gave the concept of High Seas).
Look at past 50 years of Indian Pharma. From PM Indira Gandhi, who abhorred costly medicines as being anti-humanity, Indian pharma industry has been marvellous at reverse engineering (breaking existing MNC medicines (molecules) to arrive at a different process of making the same product) and we have a global-scale “Generics industry” in India now. Also, we have affordable medicines for our vast population (unlike the US). The whole patents idea is outdated or at least needs a totally fresh look. Why? (1) Patents are fundamentally uncertain instruments, and no two nations will agree 100% on all aspects. So why should India bother about the poor rankings that biased bodies like US Chamber of Commerce give us, putting us at the bottom of “IP Index”, (2) Even fine innovators like Elon Musk are not happy with patenting systems and have opened up all patents to the world (download PDF from Bodhi Resources page – Science and Technology), (3) When Artificial Intelligence (AI) arrives, the non-sentient sapiens (the robots / the beings) will have infinite information, and they can combine anything in any way possible (so nothing will be non-obvious, hence patents?). India must break the mould of global IPR system. India must go for alternative systems (prizes for inventions, open source etc.). We should not invest heavily in such patents-driven R&D. Go light, go disruptive.
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