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DIMAPUR — A workshop on intellectual property rights (IPR) was organised on Wednesday by the department of Promotion of Industry and Internal Trade (DPIIT) IPR Chair at the National Law University and Judicial Academy, Assam (NLUJAA) at the YouthNet Incubation Centre (YIC), YouthNet Dimapur office
According to a press release, the workshop was held in collaboration with YouthNet, North Eastern Development Finance Corporation Ltd. (NEDFi), and Advancing North East under the aegis of the North Eastern Council with the goal of empowering startups and innovators in the region by providing expert advice and guidance on the filing of IPR.
The expert advice provided on the occasion by DPIIT IPR Chair Dr. Pankaj Kumar presented an opportunity for startups, entrepreneurs, and innovators to legally protect their intellectual properties and equipped them with the tools to register their intellectual properties, granting them the ability to protect their creations and enhance professionalism within their businesses.
Consultants from Advancing North East, operating under the auspices of the North Eastern Council, Ministry of Development of North Eastern Region (MDoNER), along with a representative from NEDFi, also provided insights into the opportunities available for business development for entrepreneurs.
Nune Chase, the director of YouthNet, emphasised the critical importance of intellectual property protection for aspiring entrepreneurs, emphasising how it can serve as a foundation for long-term success.
[bsa_pro_ad_space id=1]She noted the importance of having the necessary paperwork in place, as it allows startups to access various benefits, such as seed funding of up to INR 50 lakh for prototypes, market entry, and commercialization, if they are registered with YIC as incorporated companies.
One notable aspect of the event was YouthNet's declaration of commitment to subsidising the costs of IPR filings for attendees, including patents, designs, copyrights, and trademarks.
This initiative aims to make IPR protection more accessible and affordable for those looking to establish and protect their ideas and innovations.