Patent Processing Outsourcing in India – Emerging Trends
Legal Process Outsourcing (LPO), a strong sector within the Knowledge Process Outsourcing (KPO) space, is attracting international law firms outsourcing legal work to India. Within the LPO industry, there is patent outsourcing, which is catching up faster than the rest of the LPO jobs. While top US companies quote up to $15,000 to prepare and file a patent application, India-based companies deliver the same job for $2,500-3,500 in India. This allows companies to file additional patents within the same budgets.
India’s share of the outsourcing market has been exceptional in the past decade. Both overseas clients and Indian businessmen are constantly looking for new areas to provide professional and business support at reasonable costs with quick response. India’s share of the patent-related market is still in its infancy. In my opinion, it will take off soon, especially as India has a lot of lawyers and even more people in science and engineering streams. A marriage between them will surely support the patent market.
Patent outsourcing includes literature searches, prior art searches, technology and patentability evaluation, infringement, FTO, ideation, intellectual property valuation, patent proof reading, patent claim mapping, writing responses to objections US Examiners, Trademark Application Preparation/Filing/Processing, Infringement Studies, Other IP Litigation, IP Asset Management, Mining, and Patent Administration.
Dozens of Indian outsourcing service companies have sprung up in recent years and most of them are doing good business. These companies offer a variety of patent related research.
Technology changes rapidly, and it’s often hard to keep track of all the trends spinning on the internet, all the ideas popping up in academia, and the range of innovations you and your competitors are working on. Outsourcing companies provide a sophisticated service for tracking technology trends, juxtaposing academic research, market data, and patent application information from around the world. Greetings, with one exception that will help you build your technology roadmap and identify innovation partners around the world, along with other IP services. IP Landscape reports are detailed “as is” analyzes of an existing technology. These reports cover a broad landscape of research and development areas, including an entire category of products, that are critical to customers. These reports are based on analysis of several hundred or even thousands of patents and other unstructured information.
