The IPR policy launched by the Indian government in 2016 under Start-up India program has seen considerable success, with several start-ups filing patent applications under SIPP scheme, receiving patent grants in quick turnaround time and at a fraction of the cost.
One of the key action plans of the Start-up India program is “funding support and Incentives” for development and growth of innovation-driven enterprises. To execute the action plan for the development of Innovation-driven enterprises and start-up culture several states in India have come up with their own start-up policy. Several Indian states have also set up an innovation council/ body for the governance of such start-up policies.