Patent Current Affairs - 2019

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Bloomberg Innovation Index 2019: Key Facts

The Bloomberg Innovation Index analyses each country in a range of areas including education, research and development, and manufacturing before coming up with a list of the 60 most innovative countries.

The countries are ranked on the basis of their overall ability to innovate considering seven-equal weighted metrics such as research & development intensity, manufacturing value-added, productivity, high-tech density, tertiary efficiency, researcher concentration, patent activity.

How the Countries are ranked?

The ranking of the various countries under the index are:

  • The index is topped by South Korea for the sixth time in a row with a total score of 87.38.
  • South Korea is closely followed by Germany, Finland, Switzerland, Israel, Singapore, Sweden, U.S., Japan and France in the top 10.
  • The United States has surged back into top 10 this year after it was left behind from the top 10 in 2018 Bloomberg Innovation index.
  • China has jumped three places to 16th rank largely due to the surge in patent activity.
  • India stands at 54th spot in the Bloomberg Innovation Index with a score of 47.93 out of 100.

India’s ranking under different matrices

India stood at 47th place in research & development intensity, 54th place in manufacturing value-added, 58th place in productivity, 29th place in high-tech density, 51st in tertiary efficiency, 59th in researcher concentration and 36th in patent activity.

Bloomberg Innovation Index published top 60 economies out of 95 economies analysed for the ranking process for the year 2019 based on a score from 0-100 on the basis of seven equal-weighted metrics.

 

Month: Categories: InternationalReports & IndicesUPSC

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Trade Mark Rules 2017 come into effect 

The Trade Mark Rules, 2017 have come into effect, streamlining and simplifying the processing of Trade Mark applications.

The new rules were released by Union Ministry of Commerce & Industry and will replace the erstwhile Trade Mark Rules, 2002.

Salient features of revamped Rules
  • Number of Trade Mark (TM) Forms have been reduced to 8 from 74.
  • For the first time, the rules have laid out, modalities for determination of well-known trademarks.
  • The TM applications fee for online filing has been kept at 10% lower than that for physical filing to promote e-filing.
  • The provisions related to expedited processing of an application for registration of a trade mark extended upto registration stage. Earlier, it was only upto examination stage).
  • Modalities for service of documents from applicants to the Registry and vice-versa through electronic means have been introduced to expedite the process.
  • e-mail has been made an essential part of address for service to be provided by the applicant or any party to the proceedings so that the office communication may be sent through email.
  • Hearing through video conferencing has been introduced. Number of adjournments in opposition proceedings has been restricted to a maximum of two by each party to dispose off matters in time.
  • Procedures relating to registration as Registered User of trademarks have also been simplified. Over all fees have been rationalized by reducing the number of entries in Schedule I from 88 to just 23.

Month: Categories: National

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