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IIT Kharagpur and State Bank of India develop a customised portal for intellectual property

Source | The Economic Times : By Prachi Verma

NEW DELHI: IIT Kharagpur and State Bank of IndiaBSE -0.68 % (SBI) are collaborating to develop a customised portal for launching ‘Intellectual Property Development as a service’ (IPDaas) for Intellectual Property Rights generation.

Mrutyunjay Mahapatra, Deputy Managing Director of SBI launched this project on Monday at IIT Kharagpur.

According to a release, a memorandum of understanding has been signed by the two. The IPDaas will facilitate streamlining patent applications for solutions developed internally and thereby making them available for external use through licensing.

“It is trend-setting for an organisation like SBI to move towards holistic IP creation. This would create an ecosystem for organizations in India especially in the financial sector to promote their technical expertise,” said Prof. PP Chakrabarti, Director, IIT Kharagpur.

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