SRM institute bags top patents and commercialisation award for 2018

The award is under the category of “Top Indian Academic institution for Patents Commercialization” in recognition of achievements of SRMIST in the field of patents.

The award was given to Vice Chancellor Prof Sandeep Sancheti, SRM Institute of Science and Technology, by Suresh Prabhu, Minister of Commerce and Industry, at the felicitation ceremony recently. 

The SRM Institute of Science and Technology motivates its academic fraternity by promoting basic and advanced research activities for technological development. As a part of this, multiple workshops on patenting and innovation management are being conducted every year in the university. 

These workshops seek to educate the teaching faculty, research scholars and students on the critical skills needed to identify novelty in their projects and research work for possible patenting. 

So far, the SRMIST has 10 granted patents, 50-plus patents published and 170-plus patents filed to its credit. The SRMIST has a well-defined IP policy which promotes faculty members, students and innovators to consider possible avenues for transforming their inventions into products beneficial to the society on a larger scale. The institute offers a common platform wherein inventors get an opportunity to interact with potential investors or industries for commercialising their patents. 

The SRMIST takes measures to protect and manage research inventions of its staff and helps them to effectively utilise their products by using an efficient IP system. 

The institute will pioneer the setting up of a successful industry-institute collaboration model which would benefit all stakeholders in commercialising inventions and mass producing them for public use.