Venture Center wins National Intellectual Property Award for nurturing IP

New Delhi: Venture Center, a leading science-based business incubator hosted by CSIR-NCL, has been declared the winner of the National Intellectual Property Awards 2021 & 2022 under the category of “Best Incubator for Nurturing IP”.

This award is given by the Office of Controller General of Patents, Designs and Trademarks. This award helps cement Venture Center’s positioning as the top inventive enterprise incubator in the country. Ms. Soma Chattopadhyay, Head – Incubation & Mentoring, at Venture Center received the award at the hands of Shri Piyush Goyal at the event in Delhi.

The National Intellectual Property (IP) Awards are conferred every year to recognize and reward top achievers for their IP creations and commercialization, which have contributed towards strengthening the IP eco-system in the country and in encouraging creativity and innovation. Winners were chosen by a selection committee against comprehensive criteria, including but not limited to assistance in promotion, assistance in marketing, Licensing support, Assistance in fund raising, and Assistance in providing office space

Venture Center operates a Regional Technology Transfer Office under the National Biopharma Mission and an IP Facilitation Center. In the last 15 years, Venture Center has supported 750+ start-ups in the fields of health, rehabilitation, agriculture, energy, environment, mobility, automation etc., developing inventive product start-ups in the manufacturing sector and contributing to the “Make in India”/“Atmanirbhar Bharat” missions. In the last 4 years, Venture Center innovators filed 86 patent families and Venture Center facilitated 21 tech transfer arrangements. In the last 7 years, IP created by these start-ups have helped raise investments of about Rs 600 Crore and generate revenue exceeding Rs 1300 Crore.

Dr. Premnath, director Venture Center says, “The Venture Center team is delighted and honored to receive the National IP Award for 2021 & 2022 under the category of Best Incubator Nurturing IP. This national honour is a testament to Venture Center’s pioneering role in building IP-based or inventive enterprises for the nation and the world. We firmly believe that tomorrow’s enterprises of India will be based on technical innovations and by building an ecosystem to support and nurture IP and IP-rich startups, we are helping shape the impactful solutions for the people and  future jobs/ economy of the Nation. This honour encourages us to work harder towards that goal.”