50% Of Tech Patents Filed By Indian Firms In US Are Related To AI, IoT, Cloud & Security

NASSCOM and the chamber of commerce of IT-BPM industries released a report this month stating that in the 4 years — from 2015 to 2018 — Indian companies filed over 4,600 patents in the US, the majority of which (64.8%) are technology patents. In a report titled Emerging Technologies: Leading the next wave of IP Creation for India, the share of tech patents in total patents filed in the US increased to two-thirds in 2017-18 from 50% in 2015.

Of the technology patents, the share of emerging technologies has increased consistently to 56.3% in the 2017-18 period from 38.3% in 2015.

Notably, 40% of the tech patents filed by Indian firms have been granted, said the report. AI leads the emerging technologies patent race both in terms of a total number of patents. From 2015 to 2018, Indian firms filed the following number of patents:

• 330 AI patents
• 193 cybersecurity patents
• 107 IoT patents
• 88 cloud computing patents
• Under AI, machine learning was the leading sub-domain in AI with over 70% share.

NASSCOM President Debjani Ghosh said the report is the first in a series to understand how Indian technology companies are creating IP assets in its largest market. She said in a statement, "As a country, India can further strengthen its potential as an innovation hub through more investments in research and strategic collaborations. We are confident that we will usher in a new wave of innovation and intelligence in the country.