The Compulsory Licensing Scheme Proposed by DPIIT – Why Debated?
Introduction India’s Department for Promotion of Industry and Internal Trade recently floated a working paper that has stirred up a storm in both tech and creative circles. The idea centers on creating a single nationwide authorisation for AI companies to use copyrighted materials in training their models, paired with a royalty system to compensate creators. […]
Impact of India’s 2024 Patent Rules Amendments on AI-Driven Licensing Agreements in the FinTech Sector
India’s fintech scene is booming. From digital payments to automated lending and personalized wealth management, AI sits at the center of today’s innovation. In March 2024 the government introduced the Patents (Amendment) Rules, 2024, which aimed to make the patent system faster and more applicant-friendly. That change matters for AI developers and the banks that […]