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(The Gist of Science Reporter) Launch of ProrIISeTM Software for Automating IP Processes

(GIST OF SCIENCE REPORTER) Launch of ProrIISeTM Software for Automating IP Processes

Indian Institute of Science (IISc), Bengaluru launched ProrIISeTM, an indigenous software solution for automating the process of protecting and translating Intellectual Property (IP).
The Intellectual Property and Technology Licensing office (IPTeL) in IISc and similar offices in other institutes in India perform the job of patent protection to enable further translation & commercialisation. Such translation is of two types. One, to startups from the institution itself. Two, technology transfer to established industry.
The track record of protection and translation in India is very poor. This is true internationally.
The IISc-Prorigo software version 1 automates the legal and bureaucratic part of this process. This was released on Monday after three years of testing.
Version 2 will automate the financial part and is set for release in 2021. Version 3 will bring in artificial intelligence approaches to prior art searches required to evaluate a patent. It is set for release in 2022.
The software archives all exchanges, an essential component, as protected IP has both legal and financial implications.
The processes implemented in the software are also expected to automatically serve as methods that academia can use to protect and translate IP.
This will also help smaller universities where such processes and resources may not exist to set up and streamline their IP offices.