CSIR TO SET UP HOLDING COMPANY

To monotezie its inventory of patnets, CSIR is planning on setting up a holding company, to whom all patents nealry amounting to 300 would be transferred, to liscence out and sell patents to companies like Intellectual Ventures so as to make the maximum money out of the liscensing and giving out of patents which they hold.

CSIR presently spend a huge amount of money maintaining and filing patents than it earns from the revenues of the patents.

uch a move would increse profit margins and the technology could alos be use to alleviate the conditons of the poor.

ARRIVAL OF INTELLECTUAL VENTURES LLC

Intellectual Ventures LLC, a companyt which has courted a lot of controversy is entering the Indian market. The basic business of the company is buying of patents and then liucensing them out to others. At prsesent it is rumored that teh compnay owns around 20,000 patents.

It has entered into agremenst with Indian Institute of Science, Bangalore, Indian Institute of Technology,Bombay and may sign an agreemt with Counsil Of Scientific and Industrila Research to take over their patents.

The company is founded by Mr. Nathan Myhrvold who was tye former Cheif Technology officer of Microsoft.