IIT Madras Achieves Milestone with Record-Breaking Patent Numbers
The Indian Institute of Technology Madras (IIT Madras) has achieved a significant milestone by securing 435 patents in the financial year 2023-24 (FY24). This remarkable feat marks a more than double increase compared to the previous year, solidifying IIT Madras' position as a leading innovator in the academic landscape.
The institute's dedication to innovation is further evidenced by its achievement of filing 378 patents in FY24, exceeding its ambitious goal of "one patent a day." This represents a substantial increase from the 233 patents filed in FY23.
IIT Madras attributes its success to the dedicated efforts of its faculty, researchers, and students, who are encouraged to protect their intellectual property through patent filings. This commitment has resulted in the development of cutting-edge technologies and solutions across diverse fields, including wireless networks, advanced materials, robotics, and clean energy.
The institute's robust innovation ecosystem is further supported by its Office of Industrial Consultancy and Sponsored Research (IC&SR), which manages intellectual property and technology transfer. Additionally, a dedicated legal cell ensures the smooth execution of agreements associated with the patenting process.
IIT Madras' impressive patent portfolio includes over 2,550 IP applications filed in India and abroad since its inception in 1959. The institute boasts approximately 1,100 registered IP/granted patents, with a significant focus on sustainability, healthcare, and artificial intelligence/machine learning.
Looking ahead, IIT Madras aims to maintain its momentum by targeting 450-500 patents in the next year. The institute's commitment to innovation and its dedication to translating research into practical applications hold immense potential for contributing to India's technological advancement and economic prosperity.