Abstract
The report first studies the current innovation environment in India by looking at the state of its economy, education system, legal system (including an analysis of the Indian Patents Act, 1970 as applicable to the current study), availability of venture/seed capital and R&D output (number of patents, publications etc. coming out of its key research institutions and industry). In this background, the report studies whether the provisions of the proposed Indian Bayh Dole Act (Protection and Utilization of Public Funded Intellectual Property Bill) would serve its primary purpose - namely enhance innovation and technology transfer from public funded research institutions to the industry.
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