IP VALUATION AND MANAGEMENT. Launching of 6 Months Certification Course of IPVM

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A

Report of

Workshop on

IP VALUATION AND MANAGEMENT

&

Launching of 6 Months Certification Course of IPVM

on

12

th

December 2015, Saturday

at

Gujarat Technological University

Nr.Vishwakarma Government Engineering College Nr.Visat Three Roads, Visat - Gandhinagar Highway

Chandkheda, Ahmedabad – 382424 – Gujarat

Knowledge Partners

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1 | Gujarat Technological University (http://www.gtu.ac.in/) | Contact: [email protected], OR [email protected] | Tel: +91-79-2630 0699

BACKGROUND

Under the visionary leadership of Hon’ble Dr. Akshai K. Aggarwal, Vice chancellor, GTU has successfully organized various activities for IPR awareness by organizing faculty workshops and student workshops on various themes viz. “Patenting in Engineering”, “Patenting in Pharmaceuticals”, “Patent Search Methodology”, “PSAR”, “Patent Clinic” “PSTL” and “PDE” for GTU affiliated colleges since September 2011. Due to these efforts, within 4 years’ time period more than 354 Patents have been filed by GTU affiliated college students and faculty of Engineering and Pharmacy discipline. The credit goes to the students, faculty and all the stake holder of research and innovation, who have actively engaged in the promotion of IPR and innovations.

Changes in the global economic environment and development of information technology have influenced the development of innovative business models, like Merger & Acquisition (M&A), Business tie ups, Brand equitation, Outsourcing of technology, Licensing of technology, E-commerce and like. In all these newer business models, it is very important to quantify the intangible assets owned by the company entering into such type of new business models.

Henceforth it is important for all Directors, Strategic managers, Charted accountants (CA), Business Development Executives, Financial institution officers (Bank officers), Private consultants, Technology transfer officials, Angle investors, Venture Capitalists, Manager of Start-up Incubators, Government officials dealing with industrial promotional activities to understand about different forms of Intellectual Property Rights (IPR) like patent, design, Trademark, copyright etc. and to understand how to do valuation of intangible assets protected by means of different forms of IPR. This will help them to enter into innovative business models as mentioned above.

To provide insight into this domain, GTU organized one day workshop on “IP Valuation and

Management” on 12th December 2015, Saturday.

Circular: http://files.gtu.ac.in/circulars/15DEC/14122015_02.pdf

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The event was started with lamp lightning by Hon’ble Dr. Akshai Aggarwal, Vice Chancellor, GTU, Shri J. C. Lilani I/c Registrar, GTU, Shri Padmin Buch, IPR Domain Expert, Dr. Subhdip Sarkar, Head (IP), Cognizant, Bangalore and Dr. Kishor Vinchi, Global IPR Head, Zydus Cadila, Ahmedabad.

Dr. Manish A. Rachchh, Asso. Professor, GTU gave an overview about different activities conducted by GTU IPR Cell since last four years to inculcate IP culture among all stakeholder of the University by means of video presentation. Shri J. C. Lilani, I/c Registrar, gave welcome speech and shared the vision of GTU.

Honb. Dr. Akshai Aggarwal, Vice chancellor launched the course website of Certificate course on IP Valuation and Managementandsaid that, our Gujarat is known as Business hub. But now due to globalization and development of ICT, world has become too small. If our Gujarat based companies have to grow vertically rather than only horizontally, it is time to understand importance of Intellectual Property Rights and collaborative research approach with Universities, which is very successful model in developed countries.

Dr. Manish Rachchh gave an overview of Certificate program on IP Valuation and Managementcourse which will be commenced from January 2016. He said that this course will be available in both online and offline mode. Admission procedure is started and last date was 9th January 2016. This course will be helpful to all those who are working professionals in the fields of CA, CS, Financial and Banking sectors, Strategic Managers, students of MBA, Pharmacy, Engineering and allied branches of Science, Commerce, Law and arts too.

After inaugural session, panel discussion was started, which was chaired by Shri Padmin Buch. Experts including Dr. Kishor Vinchhi, Dr. Subhdip Sarkar, Shri Anil Pandey, IPR Head, CII (Gujarat region), Shri Harpreetsingh Banker, Patent Attorney, Ahmedabad and Mr. Kunal Dalsaniya, Patent Agent of H. K. Acharya & Co., Ahmedabad remained present as experts during panel discussion.

Mr. Harpreetsingh Banker, Patent Attorney, Ahmedabad presented an overview of IP Valuation and management.

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Dr. Subhdip Sarkar, Head (IP), Cognizant, Bangalore was the Guest of Honour in the launching event of a new course at Gujarat Technological University (GTU). He mentioned that changes in the global economic environment and development of information technology have influenced the development of innovative business models, like Merger & Acquisition (M&A), Business tie ups, Brand equitation, Outsourcing of technology, Licensing of technology, E-commerce and like. In all these newer business models, it is very important to quantify the intangible assets owned by the company entering into such type of new business models. So at very right time, GTU has come up with this program.

Mr. Anil Pandey, Head IPFC, CII, Ahmedabad gave detail about IP Valuation – trigger for Funding mechanism.

Dr. Kishor Vinchhi, Global IPR Head, Zydus Cadila Healthcare, Ahmedabad who remained present as Guest of Honour in this event, mentioned that management of IP is very crucial for any R & D based organization to decide their strategy for future business. He gave examples of few pharma companies in this regards.

Mr. Kunal Dalsaniya, Patent Agent, H. K acharya, Ahmedabad discussed about IP Management as Trigger for Business growth

Shri Padmin Buch, IPR Domain Expert and Senior visiting faculty EDI mentioned that in current competitive era, it is important for all Directors, Strategic managers, Charted accountants (CA), Business Development Executives, Financial institution officers (Bank officers), Private consultants, Technology transfer officials, Angle investors, Venture Capitalists, Manager of Start-up Incubators, Government officials dealing with industrial promotional activities to understand about different forms of Intellectual Property Rights (IPR) like patent, design, Trademark, copyright etc. and to understand how to do valuation of intangible assets protected by means of different forms of IPR. This new initiative of GTU will help them to enter into innovative business models as mentioned above.

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This event was organized in association with CII (Confederation of Indian Industry) and PAAI (Patent Agent Association of India) as a knowledge partner.

Mr. Amit Patel, Assistant Professor (IPR), GTU and Mr. Shailesh Jain, Project Officer (IPR) worked hard to make this event a successful one.

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Press Release

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Acknowledgement

We would like to acknowledge all guests, mentors, experts, supporters and knowledge partner for their guidance and support. We would also like to acknowledge with much appreciation the crucial role of all GTU authority and staff members, who directly and indirectly engaged in to make event successful.

Reported By:

Mr. Shailesh Jain, Project Officer-IPR, GIC Mr. Amit Patel, Assistant Professor (IPR), GTU

Photo Edited By:

Kalpesh Mayiad, Admin, GIC

Report Edited By

Dr. Manish A. Rachchh, Associate Professor, GTU

FOR FURTHER DETAILS KINDLY CONTACT:

Dr. Manish Rachchh, Mob: 99099 61894, [email protected] Mr. Amit Patel, Mob: 98988 01467, [email protected] Mr. Shailesh Jain, Mob: 7359298134, [email protected]