Importance of Patent and Innovation in Educational Institutions

Abstract

This articles discusses the importance of converting knowledge into realizable output, which can subsequently be patented. Patenting, in itself, is already the result of a completed and difficult process. The importance of patenting is not only advantageous for the author patent, but also for the whole society and knowledge-based economy. In this article, we explain not only the effect of patenting on the economy as a whole, along with its advantages, but also possible acceleration in process of patenting. Universities rely on the important aspect of innovation and patenting, whereas innovation and patenting alone support the economic growth. Lack of projects covering patenting process may cause less outputs of innovation. Projects which support the development of innovation and start-ups have big potential in reducing unemployment and increasing the motivation of new foreign investors. JEL Classification Numbers: O12, O31, O10, DOI: http://dx

Recent patent applications in beverages enriched with plant proteins

“…However, it happens in exchange for the disclosure of detailed information about the topic 23 . Any technical or functional aspect of products and processes can be patented, as long as they meet industrial applicability, novelty, inventiveness, and patentable subject matter criteria 24 . Plant proteins properties modifications, specific temperature, and pH conditions used in processes, isolation, and purifying methods, as well as the final product itself can be protected by patents 25 .…”

Evaluating Indian Professionals Knowledge for Innovation and Need for Patent Education

“…(Heus et al, 2017) Graduates, students in educational institutes, and universities are indulged in innovation. Hence projects and innovative work needs support which in turn adds to reputation (Kassiri, Corejova, 2015). The Patent system encourages progression in science & technology.…”

“…If the Indian patent system permits patent of these methods, then it can serve several advantages, as shown in fig. 1 (Gupta et al, 2018;Method of Treatment A Patent Perspective, 2017, Kassiri, Corejova, 2015.…”