The Government has introduced ‘The Protection and Utilization of Public Funded Intellectual Property Bill, 2008’ in Parliament. The Bill has been referred to Parliamentary Standing Committee.

The Bill provides for scientists to receive a part of royalty. The balance would go to the Government funded research institutions where the research was done.

The Bill contains adequate provisions to protect public interest with regard to protection and utilization of intellectual property originating from public funded research.

This was stated by Shri Prithviraj Chavan, the Union Minister of Science and Technology and Earth Sciences in the Rajya Sabha today.

Source : Press Information Bureau
Date : April 15, 2010