The Ministry of Science and Technology will bring in changes to the 'Protection and Utilisation of Public Funded Intellectual Property Bill, 2008’ to make the process of patenting and commercialisation of inventions from public funded projects more flexible and transparent in line with the suggestions from the experts.
The Ministry will also accommodate the recommendations made by the Parliamentary standing committee on science and technology which has called for a more balanced approach in the attempt to set up a legal framework for the intellectual properties developed through public funded projects.
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