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Indian Union Budget: Increase for Renewable Energy Sector
India continued its initiative for ecologically sustainable growth by increasing the renewable energy budget by 61% in the Union Budget 2010-2011 presented earlier this year. The budget was increased to Rs 1,000 crore (US$ 225,098,480)1 from Rs 620 crore (US$ 139,561,057)1 signaling the government’s continued commitment to popularizing the use of alternate sources of energy in the country.
Patents: A Hindrance or Facilitator of Green Technology Innovation?
Our courts are currently rife with educated debate as to what is and what should be patentable subject matter. Central to this debate is an age-old question: do patents hinder or facilitate innovation? For decades now, we have heard this debate revolve around software. Extreme open-source enthusiasts would argue that all software should be maintained as open-source to facilitate the sharing of code and joint efforts to improve the software. More recently, the debate has shifted to business methods and biomedical inventions. Now, with the explosion of green and clean technology innovations, and the corresponding steep rise in patent filings for such innovations, the debate focus has shifted again.
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Categories: Business Market Developments, Domestic Issues, Government Policy, Intellectual Property, International Issues
Intellectual Property Considerations for Clean Tech
Clean technology is a growing and substantial area of interest for investors, entrepreneurs, innovators and governments. Billions of dollars are invested annually in the development and exploitation of new clean technology. Many new start-up companies have been founded solely on the basis of new clean technology. The success of all of these efforts will substantially depend on the efficacy of the intellectual property (IP) protection efforts surrounding the new clean technology.
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Categories: Clean Technology, Intellectual Property, International Issues, Regulatory, Venture Capital Trends
