‘India’s inventive economic system is now a $30 billion business’

Daren Tang, DG of World Mental Property Organisation (WIPO), a discussion board which promotes invention and creativity, feels that innovation does not simply occur in Silicon Valley, but in addition in New Delhi. Tang, who’s half-way in his time period, having joined the Geneva-based organisation three years again, plans to make mental property extra inclusive, numerous and sustainable.In an interview with TOI, he says India can supply a lot to the creating world in innovation, significantly in local weather change-related applied sciences.
Contemplating you’re the first Asian DG and purpose to serve the ‘underserved’, what’s your technique?
The imaginative and prescient of this administration with me because the DG is to construct a extra inclusive IP (mental property) ecosystem. One that’s not only for IP specialists and specialists, however a catalyst for progress and improvement, particularly for creating international locations and the World South. I believe it is so essential that IP is seen as not simply one thing for superior industrialised nations, but in addition can accompany the journey of creating international locations. And India is one instance of the way it’s actually taken benefit of IP to harness the revolutionary and artistic potential of its individuals. Take into account these three information: Arijit Singh out-streamed Beyonce final 12 months. Bollywood continues to supply extra movies than Hollywood. And main streaming platforms like Netflix and Disney are investing record-breaking quantities in Indian content material. In all, India’s inventive economic system is now a $30 billion business and artistic exports are up 20% final 12 months, producing over $11 billion. All that is mirrored in India’s efficiency within the World Innovation Index.
How do you propose to make the world extra inclusive, numerous and extra sustainable?
As a part of constructing a extra inclusive IP ecosystem, our precedence at WIPO will probably be to focus particularly on the underserved. First is girls. Proper now, solely 16% of worldwide patents are filed by girls. We have to shut that gender hole in patent filings globally. Second is youth, as a result of younger individuals, and particularly in creating international locations must know and really feel that innovation does not simply occur in Silicon Valley, but in addition in New Delhi. Third is SMEs and startups as a result of the large corporations have the information and the pockets to make use of the most effective consultants and to advise them on IP. SMEs make up 90% of corporations in lots of international locations, together with India, the place you’ve got bought 70 million SMEs – so that is the most important SME nation on the earth. And but, many SMEs do not know learn how to use IP as a part of their work trip. So we have to assist them. The fourth is indigenous communities. As somebody from Singapore, a rustic which has many immigrants coming from Asian civilisations, I do know that the information, heritage and knowledge of our ancestors is a vital a part of who we’re. And that is true not simply in Asia, but in addition in lots of different elements of the world. So, we’re reaching out to assist all these historically underserved teams.
Do you assume that AI will create challenges for coverage makers coping with mental property rights?
Let me zoom out a bit first. One-third of all patents at the moment are linked to digital applied sciences. Not simply AI, but in addition quantum computing, IoT, machine studying. So, AI ought to be seen on this bigger context that digital is basically reworking the innovation panorama. {Hardware} is now merging with software program, and the road between the 2 are blurring. India isn’t just a robust participant in software program, but in addition in {hardware} and deep know-how. As the 2 begin to come collectively, India may be very nicely poised to reap the benefits of the synergies that come up from once you mix digital with deep tech. In fact, AI presents a very disruptive drive, not simply in IP, however in lots of, many different areas. Lots of the AI-related points are troublesome points. So at WIPO, considered one of issues we do is to carry individuals collectively to speak concerning the points that they face. We need to be the worldwide discussion board the place finest practices are mentioned.

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