IP VALUATION AND MANAGEMENT. Launching of 6 Months Certification Course of IPVM

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1 A Report of Workshop on IP VALUATION AND MANAGEMENT & Launching of 6 Months Certification Course of IPVM on 12 th December 2015, Saturday at Gujarat Technological University Nr.Vishwakarma Government Engineering College Nr.Visat Three Roads, Visat - Gandhinagar Highway Chandkheda, Ahmedabad Gujarat Knowledge Partners

2 BACKGROUND Under the visionary leadership of Hon ble Dr. Akshai K. Aggarwal, Vice chancellor, GTU has successfully organized various activities for IPR awareness by organizing faculty workshops and student workshops on various themes viz. Patenting in Engineering, Patenting in Pharmaceuticals, Patent Search Methodology, PSAR, Patent Clinic PSTL and PDE for GTU affiliated colleges since September Due to these efforts, within 4 years time period more than 354 Patents have been filed by GTU affiliated college students and faculty of Engineering and Pharmacy discipline. The credit goes to the students, faculty and all the stake holder of research and innovation, who have actively engaged in the promotion of IPR and innovations. Changes in the global economic environment and development of information technology have influenced the development of innovative business models, like Merger & Acquisition (M&A), Business tie ups, Brand equitation, Outsourcing of technology, Licensing of technology, E- commerce and like. In all these newer business models, it is very important to quantify the intangible assets owned by the company entering into such type of new business models. Henceforth it is important for all Directors, Strategic managers, Charted accountants (CA), Business Development Executives, Financial institution officers (Bank officers), Private consultants, Technology transfer officials, Angle investors, Venture Capitalists, Manager of Start-up Incubators, Government officials dealing with industrial promotional activities to understand about different forms of Intellectual Property Rights (IPR) like patent, design, Trademark, copyright etc. and to understand how to do valuation of intangible assets protected by means of different forms of IPR. This will help them to enter into innovative business models as mentioned above. To provide insight into this domain, GTU organized one day workshop on IP Valuation and Management on 12 th December 2015, Saturday. Circular: Programme & Discussion 1 Gujarat Technological University (

3 The event was started with lamp lightning by Hon ble Dr. Akshai Aggarwal, Vice Chancellor, GTU, Shri J. C. Lilani I/c Registrar, GTU, Shri Padmin Buch, IPR Domain Expert, Dr. Subhdip Sarkar, Head (IP), Cognizant, Bangalore and Dr. Kishor Vinchi, Global IPR Head, Zydus Cadila, Ahmedabad. Dr. Manish A. Rachchh, Asso. Professor, GTU gave an overview about different activities conducted by GTU IPR Cell since last four years to inculcate IP culture among all stakeholder of the University by means of video presentation. Shri J. C. Lilani, I/c Registrar, gave welcome speech and shared the vision of GTU. Honb. Dr. Akshai Aggarwal, Vice chancellor launched the course website of Certificate course on IP Valuation and Management and said that, our Gujarat is known as Business hub. But now due to globalization and development of ICT, world has become too small. If our Gujarat based companies have to grow vertically rather than only horizontally, it is time to understand importance of Intellectual Property Rights and collaborative research approach with Universities, which is very successful model in developed countries. Dr. Manish Rachchh gave an overview of Certificate program on IP Valuation and Management course which will be commenced from January He said that this course will be available in both online and offline mode. Admission procedure is started and last date was 9 th January This course will be helpful to all those who are working professionals in the fields of CA, CS, Financial and Banking sectors, Strategic Managers, students of MBA, Pharmacy, Engineering and allied branches of Science, Commerce, Law and arts too. After inaugural session, panel discussion was started, which was chaired by Shri Padmin Buch. Experts including Dr. Kishor Vinchhi, Dr. Subhdip Sarkar, Shri Anil Pandey, IPR Head, CII (Gujarat region), Shri Harpreetsingh Banker, Patent Attorney, Ahmedabad and Mr. Kunal Dalsaniya, Patent Agent of H. K. Acharya & Co., Ahmedabad remained present as experts during panel discussion. Mr. Harpreetsingh Banker, Patent Attorney, Ahmedabad presented an overview of IP Valuation and management. 2 Gujarat Technological University (

4 Dr. Subhdip Sarkar, Head (IP), Cognizant, Bangalore was the Guest of Honour in the launching event of a new course at Gujarat Technological University (GTU). He mentioned that changes in the global economic environment and development of information technology have influenced the development of innovative business models, like Merger & Acquisition (M&A), Business tie ups, Brand equitation, Outsourcing of technology, Licensing of technology, E- commerce and like. In all these newer business models, it is very important to quantify the intangible assets owned by the company entering into such type of new business models. So at very right time, GTU has come up with this program. Mr. Anil Pandey, Head IPFC, CII, Ahmedabad gave detail about IP Valuation trigger for Funding mechanism. Dr. Kishor Vinchhi, Global IPR Head, Zydus Cadila Healthcare, Ahmedabad who remained present as Guest of Honour in this event, mentioned that management of IP is very crucial for any R & D based organization to decide their strategy for future business. He gave examples of few pharma companies in this regards. Mr. Kunal Dalsaniya, Patent Agent, H. K acharya, Ahmedabad discussed about IP Management as Trigger for Business growth Shri Padmin Buch, IPR Domain Expert and Senior visiting faculty EDI mentioned that in current competitive era, it is important for all Directors, Strategic managers, Charted accountants (CA), Business Development Executives, Financial institution officers (Bank officers), Private consultants, Technology transfer officials, Angle investors, Venture Capitalists, Manager of Start-up Incubators, Government officials dealing with industrial promotional activities to understand about different forms of Intellectual Property Rights (IPR) like patent, design, Trademark, copyright etc. and to understand how to do valuation of intangible assets protected by means of different forms of IPR. This new initiative of GTU will help them to enter into innovative business models as mentioned above. 3 Gujarat Technological University (

5 This event was organized in association with CII (Confederation of Indian Industry) and PAAI (Patent Agent Association of India) as a knowledge partner. Mr. Amit Patel, Assistant Professor (IPR), GTU and Mr. Shailesh Jain, Project Officer (IPR) worked hard to make this event a successful one. More than 80 participants from different professional domains actively participated in this event. 4 Gujarat Technological University (

6 Photo Gallery 5 Gujarat Technological University (

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8 Press Release 7 Gujarat Technological University (

9 Acknowledgement We would like to acknowledge all guests, mentors, experts, supporters and knowledge partner for their guidance and support. We would also like to acknowledge with much appreciation the crucial role of all GTU authority and staff members, who directly and indirectly engaged in to make event successful. Reported By: Mr. Shailesh Jain, Project Officer-IPR, GIC Mr. Amit Patel, Assistant Professor (IPR), GTU Photo Edited By: Kalpesh Mayiad, Admin, GIC Report Edited By Dr. Manish A. Rachchh, Associate Professor, GTU FOR FURTHER DETAILS KINDLY CONTACT: Dr. Manish Rachchh, Mob: , Mr. Amit Patel, Mob: , Mr. Shailesh Jain, Mob: , 8 Gujarat Technological University (