Venture Centre founded in Pune adjudged best incubator for nurturing IP


Venture Centre founded in Pune adjudged best incubator for nurturing IP
Venture Centre founded in Pune adjudged best incubator for nurturing IP
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The Venture Center in Pune has been named the ‘Best Incubator for Nurturing Intellectual Property’ for 2021 and 2022.

Venture Centre founded in Pune adjudged best incubator for nurturing IP

Piyush Goyal, Union Commerce and Industry Minister, presented the award in New Delhi on Saturday. The award, given out yearly by the Office of the Controller General of Patents, Designs, and Trademarks, recognises players who encourage intellectual property (IP), commercialization, and the creation of an environment that supports IP and innovation.

86 patents were filed with the support of the Venture Center, which is hosted by the Council of Scientific and Industrial Research (CSIR)-National Chemical Laboratory, over the last four years (NCL).

During the last seven years, similar IPs attracted investments worth Rs 600 crores, and revenue of over Rs 1,300 crores was created.

In response to the prize, Venture Center director Dr. Premnath stated, “We firmly think that tomorrow’s Indian firms would be based on technological advancements.” We are helping design an impactful answer for people, future jobs, and the nation’s economy by creating an ecosystem to support and foster IP and IP-rich Startups.”

The Venture Center, which has assisted over 750 startups over the last 15 years, also serves as the Regional Technology Transfer Office (as part of the National Biopharma Mission) and an IP facilitation centre.

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Mobility, automation, the environment, health and medical gadgets, agriculture, and rehabilitation are among the incubatees from this Pune-based centre.


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Akshat Ayush