IPRtrade is an initiative with the basic objective of providing an organized forum where trading of intellectual property can take place. It is a forum where inventors can meet investors and sell or license their inventions which are protected as patents, copyrights or trademarks. Inventors can upload their invention after review by the technical team which assesses its commercial applicability. The uploaded patent is added to the IP Directory on the website and is accessible publically for view. Investors or buyers looking for opportunities or new ideas having a strong commercial potential can search for ideas in the directory through different search parameters. Buyers interested in particular inventions can contact the inventors by means of the website, discuss the purchase conditions and purchase or license the intellectual property for commercialization.
Quite simply, IPRTrade functions to help in commercialization of intellectual property to create valuable commercial assets. A focus area for IPRTrade is the technical and academic institutions of the country. Only 2% patents obtained by the technical research institutions in the country are commercialized till date. IPRTrade is an initiative to provide a means for the research done at such institutions to be accessible to buyers having the potential and interest in creating commercial products out of these inventions. A listing ofsome patents having a strong commercial application from educational and academic institutions of India has already been uploaded on the site. These are accessible through the IP Directory on the website and are freely accessible to everyone.
