Under the existing Government instructions to research institutions and universities on patent rights over inventions arising out of the Government funded research are assigned to the grantee institutions and they are permitted to retain the benefits and earnings arising out of the patent rights. This also ensures that scientists & research teams are named as inventors in all such patents. On commercialization of these patents, grantee institutes are allowed to share upto 1/3rd of accrued royalties and licensing fee benefits with inventors. A Bill for the protection and utilization of Public funded Intellectual Property is in draft stage which aimed at sharing of royalty with the inventors.
The Minister of Science & Technology and Earth Sciences Shri S.Jaipal Reddy gave this information in reply to a written question in the Lok Sabha today.