The idea of getting patents is a good moves from the point of view of enforcing the patent rights. Let’s talk about haptic technology patented by Immersion.U.S. Patent No. 8,619,051 titled ‘Haptic Feedback System and Stored Effects‘ which deploys feedback to a device by responding with a vibration and the ability to store the feedback patterns and effects.
Important International Patent Classifications Identified by the Patent Examiner in this Patented Innovation:
G06F3/041Digitisers, e.g. for touch screens or touch pads, characterised by the transducing means
G06F3/016Input arrangements with force or tactile feedback as computer generated output to the user
H04M19/04Current supply arrangements for telephone systems providing ringing current or supervisory tones, e.g. dialling tone, busy tone ringing-current generated at substation
H04M19/048Arrangements providing optical indication of the incoming call, e.g. flasher circuits
Haptic devices incorporate microcontrollers, drivers, actuators or motors, as well as software for multimodal experiences that improve the usability by engaging touch, sound and sight. Haptics is widely becoming a tool used in a variety of applications they can be found in virtual reality applications to give a greater sense of realism or create a 3D environment. The haptic technology has been found in smartphones and computer and video games for many years but the innovations utilizing haptic technology is now integrating haptic technology into healthcare, transportation, robotics etc.
Some of the recent patents based on haptic technology:
Title: Eye tracking to move the cursor within view of a pilot
Assignee: Rockwell Collins, Inc. (Cedar Rapids, IA, US)
Publication Date: 28 Nov 2017
The present disclosure is directed to a method for managing a location of a cursor on a display. The method may include the step of receiving an input from a user. The method may also include the step of detecting a gaze of the user within the display. The method may also include the step of displaying the cursor on the display within the gaze of the user.
Title: NOVEL PORTABLE DEVICE HAVING A CHANGEABLE ILLUMINATED DISPLAY AND COMMUNICATIONS PLATFORM
Assignee: Eiland, Donald Curtis (Milpitas, CA, US)
Publication Date: 7 Dec 2017
The present invention relates generally to illuminated display devices and methods of displaying indicia, advertisements, etc. on a changeable illuminated display. The display device comprises a frame structure, a plurality of openings formed in the frame structure, the plurality of openings comprising first and second open spaces disposed at top and bottom positions, respectively, of the frame structure, and the plurality of openings further comprising a third open space disposed between the first and second open spaces. The display device further comprises a compact image display device operable to display an image, the compact image display device held and positioned relative to the frame structure such that first, second, and third different portions of the image, when displayed by the compact image display device, are visible through the plurality of openings first, second, and third open spaces, respectively. Additionally, control circuitry is coupled to the compact image display device.
Title: Haptic augmented and virtual reality system for simulation of surgical procedures
Assignee: IMMERSIVE TOUCH, INC. (Westmont, IL, US)
Publication Date: 7 Feb 2017
The present technology relates to systems, methods and devices for haptically-enabled virtual reality simulation of cerebral aneurysm clipping, wherein a user uses two physical stations during the simulation. The first station is a haptic and augmented reality station, and the second station is a haptic and virtual reality station.
The first thought that comes to creative intellectual mind in Industry 4 Era is Internet and combination with so many souls in the online world. What is Software? What is Software-Hardware Product? How to deploy Software-Hardware Patents?
Innovations in food technology sector goes in accordance with the consumer demand for healthy and safe food and while simultaneously improving the quality and shelf life of the food product. The food industry is at present interested in some of the novel food processing technologies that improves the quality of food but at a low cost. The major industries constituting the food processing sector are grain milling, sugar, edible oils, beverages, fruits & vegetables processing and dairy products.
India has a rich agriculture resource and was ranked No.1 in the world in 2013 in terms of production of Arecanut, Bananas, Castor oil seed, Chickpeas, Chillies & Peppers dry, Ginger, Lemons & limes, Mangoes, Mangosteens, guavas, Millet, Okra, Papayas, Pigeon peas, Meat- buffalo, Milk-whole fresh buffalo & goat, Ghee, butter oil of cow milk, Ghee of buffalo milk and sesame seed. India ranks second in the world in the production of Anise, fennel, coriander, beans-dry, cabbages and other brassicas, cauliflower & broccoli, Egg plants (aubergines), Garlic, Groundnuts with shell, Lentil, Onions dry, Peas green, Potatoes, Pumpkins, Squash and Gourds, Rice/Paddy, Safflower seed, Sugar cane, Tea, Tomatoes, Wheat, Meat-goat, Milk whole fresh cow. Further, India is at third position in the production of Cashew nuts, with shell, Coconuts, Lettuce and chicory, Nutmeg, mace and cardamoms, Pepper (piper spp.) and Rapeseed.
India’s strategic geographic location and its close vicinity to food-importing nations makes India favourable for the export of processed food products. A total of 127 agro-climatic zones have been identified in India. Moreover, 42 Mega Food Parks (MFP) are being setup in India with an investment of USD 2.38 billion. The parks have around 1250 developed plots with basic enabled infrastructure that entrepreneurs can take on lease for the setting up of food processing and ancillary units. With an extensive network of food processing training, academic and research institutes, the cost of skilled manpower is relatively low in India as compared to other countries.
In order to promote innovations in food processing sector, Central and state governments have instated attractive incentives like capital subsidies, tax rebates, depreciation benefits, and reduced custom and excise duties for processed food and machinery.
Food processing is recognised as a priority sector in the Make in India policy and is one of the major employment oriented segments in India. With the growing awareness and concern for health and wellness, consumers are experimenting with different cuisines, tastes and new brands paving the way for new investment opportunities in the food processing sector. The recent patents filed in the Food processing sector in India are:
Title: INTELLIGENT FOOD COOKING MACHINE
Assignee: WANG Aiqun
Publication Date: 17 Nov 2017
Disclosed is an intelligent food cooking machine comprising a rack (1) a bowl storage mechanism (2) a distributing and fetching mechanism (3) a pushing mechanism (4) a microwave heating mechanism (5) and a delivering and lifting mechanism (6). The intelligent food cooking machine is combined with a coin feed device and a change device; a bowl filled with food is taken out from the bowl storage mechanism (2) via the distributing and fetching mechanism (3); when the bowl is put in a lower stop position of the distributing and fetching mechanism (3) the pushing mechanism (4) pushes the bowl into the microwave heating mechanism (5) to perform heating treatment; after the food in the bowl is heated the pushing mechanism (4) re pushes the bowl onto the delivering and lifting mechanism (6) and the bowl is delivered to a bowl fetching window (14) via the delivering and lifting mechanism (6) so that a process of intelligently heating the food and selling the food is realized; and the intelligent food cooking machine is simple in structure and convenient to use.
Title: FOOD PREPARATION APPARATUS AND METHOD
Assignee: KONINKLIJKE PHILIPS N.V.
Publication Date: 17 Nov 2017
Disclosed is a food preparation apparatus (100) comprising a food preparation compartment (101); a dielectric sensor (120) in said food preparation compartment a data storage device (130) storing food seasoning data as a function of a dielectric constant of the food product said food seasoning data relating to a plurality of condiments to be added to the food product; and a processor arrangement (110) coupled to said dielectric sensor. The processor arrangement is adapted to determine a dielectric property of a food product in the food preparation compartment from sensor data provided by said dielectric sensor; retrieve food seasoning data for the food product corresponding to the determined dielectric property from the data storage device; and for each condiment of said plurality generate a seasoning instruction signal for adding an amount of said condiment of said plurality to the food product based on the retrieved food seasoning data until all condiments of said plurality have been added to the food product. A method of automatically generating seasoning instructions for adding a plurality of condiments to a food product during preparation of the food product is also disclosed.
Title: VISCOUS FOOD PRODUCT GRINDING AND DISPENSING SYSTEM
Assignee: Trade Fixtures, LLC
Publication Date: 21 Nov 2017
A viscous food product dispensing system having a transport section for receiving a particulate food product from a bin, an auger for processing and conveying the received particulate food product from the transport section into an outlet adapter via one or more flutes, a milling device housed in the outlet adapter, and a discharge nozzle in the outlet adapter that pinches off the viscous food product created by the milling device. The auger has a unique design that allows it to engage and break whole nuts.
Title: FOOD PRODUCTS AND PROCESSES FOR PREPARATION THEREOF\
Assignee: SHIRODKAR, Jyoti
Publication Date: 17 May 2017
The present disclosure relates to pre-mixed barley based compositions comprising barley, cereals, pulses, spices, dry fruits and flavoring agents. The ingredients are present in pre-determined proportion to each other. Various food products can be prepared from the pre mixed barley based compositions, which can be consumed by healthy individuals as well as individuals suffering from obesity, dyslipidemia, diabetes, cardiovascular diseases, and the like. The present disclosure also provides a process for preparing the pre-mixed barley based compositions.
Title: METHOD AND SYSTEM FOR AUTOMATIC END-TO-END PREPARATION AND MANAGEMENT OF FOOD
Assignee: Vishnu Gurusamy Sundaram
Publication Date: 27 April 2017
The embodiment herein provide a method and system for providing an integrated cooking machine, which automates the process of cooking completely and support connected operation in the cooking such as share recipes, order recipes and even support connecting with the ingredient supplier ecosystem for ordering the required items. Thereby eliminating several food processing machines and even to the extent of removing kitchen in a house. The system includes electro-mechanical components for performing the cooking operation, which is driven by electronic circuits fed by programs that make this operation happen. The programs are stored in the device or downloaded from the cloud platform, which authenticates these machines and provide the required information. The system also has intuitive interface on the device to create recipes. The system is also configured to measure the output parameters of the food.
6). 2774 / MUM / 2014
Title: AUTOMATIC FOOD COOKING MACHINE
Assignee: MAHAVIR BABULAL, Suthar [IN/IN]; (IN).
BABULAL DOLATRAM, Suthar [IN/IN]; (IN)
Publication Date: 3 March 2016
The present invention relates to automatic cooking machine, without any human interaction. In the present invention, full Indian dish including roti / paratha, sabji, dhal and rice is processed, cooked and served in dishes automatically. In the present invention, all vegetables are controlled by the microcontroller / PLC system. It is about multiple different recipes saved in program and customized. Food cooking machine is eco-friendly & eco-user. The present invention is self cleaning and sterilizing which is controlled by microcontroller / PLC and all media of communication.
In business, there are numerous instances in which you have to share confidential information with another party. For example you have a business idea. In order to execute the idea you will have to share the idea with potential partners, investors or employees.
Startup companies with a new and profitable idea can only succeed if what they are working on remains under wraps. But the key to doing so safely is making sure that the other party is bound to respect the confidential information you provide them and not use it in a way that is detrimental for your business.
Inorder to keep a lid on the sensitive information, a non-disclosure agreement, or NDA, alternatively referred to as confidentiality agreements (CA), confidentiality statements, or confidentiality clauses is signed between two parties.
A Non-Disclosure Agreement is typically put to use while disclosing confidential information to potential investors, creditors, clients, or suppliers. Some people might not like the idea of signing a non-disclosure agreement saying “Don’t you trust me?” But without such a signed agreement, any information disclosed in trust can be used for malicious purposes or be made public accidentally. NDA is a promise between two or more parties that the information conveyed will be maintained in secrecy.
The confidentiality of the information is maintained for a specified period of time as mentioned in the agreement. But once the information is made public, that loses it’s “confidentiality” people will be free to disclose the information.
Types of Non-Disclosure Agreements:
The specific content of each Non-disclaimer agreement is unique as it will relate to details of specific information, proprietary data involved and what is being discussed. In general there are two types of non-disclosure agreements.
Unilateral Non-disclosure agreement: A unilateral agreement binds only one party to the agreement for example a company signs a unilateral non-disclosure agreement with an employee. Employee agrees not to disclose or reveal confidential information learnt while on the job. The majority of NDAs fall under these category and are intended to protect a business trade secret. Researchers and professors at research universities or at R&D department in the private sector are at times required to sign an NDA before they carry out research with the business or university that supports them.
Mutual non-disclosure agreement: A mutual non-disclosure agreement is typically executed between two parties exploring a possible business arrangement or a joint venture or some other possible merger that might have a mutual benefit to both parties.
“If people are willing to bet on a lot of crazy notions, knowing that while some won’t work out, one breakthrough can change the world”. – Bill Gates
What is a Startup?
As defined by Department of Industrial Policy & Promotion(DIPP): Startup means an entity, incorporated or registered in India :
Not prior to seven years, however for Biotechnology Startups not prior to ten years,
With annual turnover not exceeding INR 25 crore in any preceding financial year, and
Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
“Build something you believe in — because that’s the first step to building a great brand.”
At the initial stages of setting up any organization, every entrepreneur is faced with a large number of challenges. All these challenges are hefty reminders that owning and Running a successful business is definitely not easy. It’s worth it though!
“Don’t aim for 10% improvement. Make it radically better and different.”
Before diving into the deep sea, founders should know that every legal decision they take has a potential to impact the company’s partners, investors, employees and customers. Therefore, it is essential that the founders develop an understanding of basic legal principles and practices associated with building a business.
Tax Laws and the Basics of Accounting
Every organization in the world, be it involved in any kind of business as to pay taxes to the Central, State and/or local/provincial government(s), as the case may be. It is essential for every new entrepreneur to be aware about accounting details and tricky lanes of the taxation world. An aspiring entrepreneur should have sector and area-specific knowledge of taxation because the taxes applicable to different sectors, geographical regions and/or products vary greatly and it is obligatory to be acquainted with any recent changes that have taken place.
Structuring the business-Choosing the type of venture
The most important thing before pulling up a startup is selecting a legal form of conducting business. It is indispensable to determine whether you want to have a private limited company, public limited company, partnership firm, or a limited liability partnership, depending on your long-term goals and vision.
Each form of business will be governed by separate principles and laws. Not complying with the relevant laws means hefty sums will have to be paid to the Government. Thus, heavy loss before you can even start making profit.
Labour and Employment Laws
When you start an organization, you will eventually have to hire new people.
Even if you plan to have independent consultants and contractors working with you or outsource, all these employee-employer relationships will be governed by labour legislations. Breaching these will not only harm you financially but would also harm your goodwill, even before it’s built!
Securities laws regulated by the Securities and Exchange Board of India (SEBI), will assist in managing the various stages of life cycle of business including fund-raising. Foreign direct investment, angel investors, crowd funding, venture capitals and even joint ventures are areas that a new entrepreneur must be aware about. It will help increase the profitability of the organization.
Information Technology (IT) laws
Today in this highly-digitalized, and technologically advanced era you inadvertently need the knowledge of Information Technology (IT) laws before starting a new business in order to protect your confidential data from any infringers or hackers.
Despite being a small organization, a sound knowledge about corporate governance and management will help an aspiring entrepreneur in effectively managing the organization and formulate further expansion plans.
A business survives on contracts. No organization would come into existence without the use of contracts. Therefore, basic knowledge regarding fundamental principles of contracts, arbitration, mediation, conciliation certainly helps!
Intellectual property laws
Legally protecting intellectual property is of supreme importance to any business. Hence, filing the right patent/trademark/copyright claims, and timely IP audits of your organization, would increase the profitability of your venture manifold.
Thus, in order for an entrepreneur to sail his ship of business smoothly, a decent knowledge about some of the important legal laws mentioned above is of utmost important.
“ Find the perfect business idea and start building your business today. Build the enterprise and the brand as if you’ll own them forever.”\
We at Tech Corp International Strategist(TCIS, India) have an expert team of Indian lawyers who assist Startups with patent, business brand, trademark and logo registration in India.
List of legal services offered by Tech Corp International Strategist (TCIS, India) to Startups in India-
Incorporation of different types of Companies,
Formation (procedure) of Companies,
Financing the Companies,
Filing of various forms and Returns with the Authorities,
Promotion of a Company,
Contracts and Conversions,
Transfer and Transmission of Securities,
Intercorporate Loans and Investments,
Economic and Commercial Laws,
Investments in India,
Transfer of Property,
Contracts and Agreements,
Registration of Documents,
Cost and Management Accounting,
Activity Based Costing,
Various heads under which total income is calculated,
Deductions from income Calculation of Tax of HUF/Companies etc,
Deploy Artificial Intelligence & Machine learning in Medical Diagnosis
India is experiencing 22-25 % growth in medical tourism and the industry is expected to double its size from present (April 2017) US$ 3 billion to US$ 6 billion by 2018. Medical tourist arrivals in India increased more than 50 per cent to 200,000 in 2016 from 130,000 in 2015. Affordable medicines and good doctors is very lucrative to patients across the globe. Medical tourism is on rise and Indian healthcare industry operates in both private and public sectors.
Healthcare industry in India has come a long way in terms of advancement. The ultimate AIM of research and development in medical diagnostics is to be able to identify different diseases and diagnose them correctly.
Despite ever-improving diagnostic technology, crucial time and valuable resources are lost everyday due to “Misdiagnosis” resulting in unnecessary tests, delayed treatment and present a threat to the health and life of the patients.
Artificial Intelligence and Machine learning are NEW AGE Technologies
Machine Learning (ML) and Artificial Intelligence (AI) are transformative technologies in most areas of our lives.
Artificial Intelligence and Machine learning offers tremendous opportunities for the healthcare industry. The use of machine learning in identifying and diagnosing, diseases has actually been one of the biggest breakthroughs in the medical industry.
Intelligence is the ability to learn or the ability to think and reason and Artificial intelligence refers to programming computers and machines to exhibit seemingly intelligent behaviour based on software algorithms.
Today Machines are capable of analysing and interpreting medical scans with super-human performance are within reach. Deep learning, in particular, has emerged as a promising tool and is able to detect brain damage automatically.
WHAT is the Challenge?
How do we know when the machine gets it wrong?
Can we predict failure, and can we make the machine robust to changes in the clinical data?
Human brain is the greatest gift of god. NO machine and neural network can mimic the spiking of neurons just like human brain. The CURIOSITY of human mind to answer questions of HOW, WHAT, WHY and WHEN which is able to take the human mind to even radiate electromagnetic signals differentiates us from machines.
Computers can analyse massive amounts of data at a rapid speed and with higher accuracy as compared to humans. With the help of Computers and the algorithms they run scientists, physicians and medical practitioners or professionals can get better insight into patient’s health and condition and thus can make better decisions regarding the treatment.
Healthcare has become a key industry for investment in the field of Artificial Intelligence and Machine Learning based on its potential to improve health care system and save lives and money.
Some healthcare and technology innovators are collaborating and trying to change our current reality by experimenting with artificial intelligence (AI) and machine learning. Not only have major players such as IBM and Microsoft jumped into their own AI healthcare projects, but several start-ups and smaller organizations have begun their own efforts to create tools to aid healthcare.
And, the savings would be tremendous. One report from McKinsey estimates big data could save medicine and pharma up to $100B annually as a result of improved efficiencies in clinical trials and research, better insight for decision-making and new tools that will help insurers, regulators, physicians and consumers make better decisions.
Machine learning algorithms improve the more data they are exposed to.
If there is one thing the healthcare systems has in abundance, it’s data. Due to different storage systems, ownership and privacy concerns, and no established process that allows people to easily share data with each other, there is a major amount of analysis that’s not currently being done that could glean tremendous results for patients, doctors and healthcare organizations.
Artificial Intelligence (AI) aids in disease identification and diagnosis Much of the AI work done thus far in healthcare is focused on disease identification and diagnosis. From Sophia Genetics that is using AI to evaluate DNA to diagnose illnesses to smartphone apps that can determine a concussion and monitor other concerns such as newborn jaundice, lung function of those suffering from chronic respiratory diseases, blood pressure, hemoglobin levels and even evaluate coughs, disease and health monitoring is at the forefront of the machine learning efforts. Since heart disease is a primary killer of human beings around the world, it’s no surprise that effort and focus from many AI innovators is on heart disease diagnosis and prevention.
The current process to determine an individual’s risk factor for a heart attack is to look at the American College of Cardiology/American Heart Association’s (ACC/AHA) list of risk factors that include age, blood pressure and more. However, this is really a simplistic approach and doesn’t take into account medications someone might be on, the health of the patient’s other biological systems and other factors that could increase odds of a heart ailment. Several research teams, including those at Carnegie Mellon University and a study from Stephen Weng and his associates at University of Nottingham in the United Kingdom, are working toward enhancing machine learning so algorithms will be able to predict (better than humans) who is at risk and when they might be at risk for a heart attack. Preliminary results of the AI algorithms were significantly better at predicting heart attacks than the ACC/AHA guidelines. From liver disease to cancer and even psychosis and Schizophrenia, AI algorithms are changing the game in terms of disease diagnosis. Machines are now learning how to read CT scans and other imaging diagnostic tests to identify abnormalities. Although some predict the end of radiologists as we know them, others see AI acting as a radiologist’s assistant.
How Can we at TCIS, INDIA assist YOU with YOUR Artificial Intelligence & Machine learning Research?
Analysis of medical technologies is essential to development in modern medicine. With the increasing amount of patient data also known as BIG DATA, new challenges and opportunities arise for different phases of the clinical routine, such as diagnosis, treatment and monitoring.
WE at TCIS, INDIA focus on the patent and non-patent literature (NPL) analysis of technologies related to Artificial Intelligence & Machine learning Research. We use state of the art patent research techniques which is very helpful to scientists across the globe.
Technologies we have worked on in recent past:
Automatic delineation and measurement techniques
Monitoring disease progression
Personalized medicine and
Efficient data management and big data analysis
Our mission at TCIS, INDIA is to advance the state of the prior art studies and freedom to operate analysis. I have personally researched more than 1000++ technologies over a span of 12++ years. Our team of patent geeks are enthusiastic about performing patent research.
George Yu Partner at Schiff Hardin LLP
April 26, 2017, George was a client of Prity Khastgir IPR’S
Prity is very knowledgeable and experience when it comes to IP support functions.
Director at Energia International
July 19, 2017, Sulabh was a client of Prity Khastgir
‘Ridiculously efficient’ is the phrase that comes to mind when I think about Prity Khastgir. It’s rare that you come across standout talent like her. We hired her for patent filing and her execution is flawless.
Co-Founder & Managing Partner Stryde Medical
May 20, 2017, Prasad was a client of Prity Khastgir IPR’S
Prity is a complete rebel. A hard task master and wastes know time in getting to the point! With such a vast experience, Prity definitely has the edge.More importantly she has come across to me as extremely smart, witty and a go-getter! I wish her all the luck for her future endeavours.
Startup India campaign, a program firstly announced by our very own prime minister “Mr.Narendra Modi” on 15th August 2015, at Red Fort and on 16th January 2016 by our finance minister “Mr. Arun Jaitley” .
Why register under Startup India Campaign?
Basically this program is for the entrance and starting up new ventures which were financed by the financial institution and banks, through which government can boost up the entrepreneurship and can encourage start ups with the new job creation.
It is being operated and organized by department of industrial policy and promotion, which main focus is to restrict role of state in policy domain and get rid of ‘license raj’ and also to eliminate the hindrance like in the land permission, foreign investment proposal, environmental clearance.
The startup initiative is not only promoting new ventures in cities and towns but also in the rural areas and named as ‘Deen Dayal Upadhaya Swaniyojan Yojana’ and not only this but government also give this chance to SC/ST people and also to the women communities and through this the job rates get increased and the educated unemployed population get opportunities.
What is a start up?
According to government a startup is an entity that is headquartered in India which was opened less than seven years ago and has an annual turnover less than ₹25 crore (US$3.9 million)
For the help of the new ventures government launched iMADE, an app development platform aimed at producing 1,000,000 apps and not only this but government also open some financial institutions like PMMY and the MUDRA BANK, a new institution set up for the development and financing activities relating to micro units with a refinance fund of ₹200 billion (US$3.1 billion).
What privileges are given by government to the new ventures/startups?
Government gives many privileges to the new ventures under the startup program as they get reduction in
patent registration fee,
Modified and more friendly Bankruptcy Code to ensure 90-day exit window,
Freedom from mystifying inspections for 3 years,
Freedom from Capital Gain Tax for 3 years,
Freedom from tax in profits for 3 years,
Innovation hub under Atal Innovation Mission, new schemes to provide IPR protection to start-ups and new firms. Through these steps taken by government the new ventures under startup program get encourage and get through these privileges they can work freely and make profit and the ventures get expanded and as they get expanded new job opportunities were created in the market and the problem of not getting jobs opportunities get reduced.
And not only these but government also making way for international business and international investments for the new ventures under start up India i.e., SoftBank, which is headquartered in Japan, has invested US$2 billion into Indian startups. The Japanese firm had pledged the total investments at US$10 billion.
And Google also declared to launch a startup, based on the highest votes in which the top three startups will be allowed to join the next Google Launchpad Week, and the final winner could win an amount of US$100,000 in Google cloud credit.
Oracle also announced to set up nine incubation centres in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum, and Vijayawada.
Efforts made by various Indian state and state governments
In many states of southern India like Karnataka, Kerala, Andhra Pradesh, Telangana, in which many new ventures get good rise and opportunities.
Kerala a well known for the government’s startup policy, “Kerala IT Mission”, which focus on fetching ₹50 billion (US$780 million) in investments for the State’s startup ecosystem. It also made India’s first telecom incubator Startup village in 2012.
The state also matches the funding raised by its incubator from Central government with Telangana has launched the largest incubation center in India as “T-Hub“.
The government of Madhya Pradesh has collaborated with the Small Industries Development Bank of India to create fund of ₹200 crore.
Rajasthan has also launched “Startup Oasis” scheme.
In order to promote startups in Odisha , the state government organized a two-day Startup Conclave in Bhubaneswar on November 28,2016. The main objectives of the event would be to
motivate youth towards entrepreneurship,
showcase the start-up ecosystem in Odisha and attract more start-ups to the state.
Government also help new ventures under Startup India The Ministry of Human Resource Development and The Department of Science and Technology have agreed to partner in an initiative to setup up over 75 such startup support hubs in the National Institutes of Technology, The Indian Institutes of Information Technology, The Indian Institutes of Science Education and Research and National Institutes of Pharmaceutical Education and Research.
Role of reserve bank in funding startups
The Reserve Bank of India said it will take steps to help improve the ‘ease of doing business’ in the country and contribute to ecosystem that is conductive for the growth of start-up business.
‘SEBI’ – Securities and Exchange Board of India for Investors
Securities and Exchange Board of India for Investors established under the Securities and Exchange Board of India Act, 1992
Just like the U.S.’s Securities and Exchange Commission (SEC) in US, we have Securities and Exchange Board of India (SEBI) in India. Securities and Exchange Board of India (SEBI) is the assigned regulatory body for the fund and venture showcases in India. The board assumes a fundamental part in keeping up steady and productive budgetary and speculation showcases by making and implementing successful direction in India’s monetary commercial center.
The SEBI was built up in 1988 yet was just given regulatory powers on April 12, 1992, through the Securities and Exchange Board of India Act, 1992. It assumes a key part in guaranteeing the solidness of the money related markets in India, by drawing in outside investors and securing Indian investors. SEBI was worked by the legislature of India. Its central command is situated at the Bandra Kurla Complex Business District found in Mumbai. It additionally has northern, eastern, southern and western provincial workplaces.
SEBI’s administration is made out of its own individuals. Its administration group comprises of an administrator selected by the Union Government of India, two individuals who are officers from the Union Finance Ministry, one part from the Reserve Bank of India and five different individuals who are likewise designated by the Union Government of India.
SEBI CAPACITIES AND RESPONSIBILITIES
SEBI’s Preamble portrays in detail the capacities and forces of the board. In this light, as a board, SEBI must be responsive and proactive to the necessities and enthusiasm of the gatherings that constitute India’s budgetary and venture advertises: the investors, the market middle people and the backers of securities.
SEBI is permitted to support by-laws of stock exchanges. SEBI additionally assesses the books of records of budgetary middle people and requests standard comes back from perceived stock exchanges. SEBI’s part covers convincing specific organizations to list their offers in stock exchanges. Beside these, SEBI is entrusted to deal with the enrollment of agents.
At last, the board has three forces: quasi-judicial, quasi-legislative and quasi-executive. SEBI has the privilege to draft directions under its legislative limit, lead examinations and force activity under its executive capacity, and pass new principles and requests under its judicial limit. In spite of these forces, the aftereffects of SEBI’s capacities still need to experience the Securities Appellate Tribunal and the Supreme Court of India.
POWERS OF SEBI
For the release of its capacities effectively, SEBI has been vested with the accompanying powers:
To affirm by−laws of Securities exchanges.
To require the Securities exchange to correct their by−laws.
Assess the books of records and call for periodical comes back from perceived Securities exchanges.
Assess the books of records of monetary delegates.
Force certain organizations to list their offers in at least one Securities exchanges.
There are two sorts of agents:
Technical Advisory Committee
Committee for audit of structure of market foundation organizations
Advisory Committee for the SEBI Investor Protection and Education Fund
Takeover Regulations Advisory Committee
Primary Market Advisory Committee (PMAC)
Secondary Market Advisory Committee (SMAC)
Common Fund Advisory Committee
Corporate Bonds and Securitization Advisory Committee
India is one of the quickest developing economies. India witnessed a lot of foreign interest in the recent years. The government has defined its Policy pointing towards drawing in an ever increasing number of funds considering the residential business concerns at the same time.
Foreign direct investment (FDI) in India is the major money related hotspot for financial improvement in India. Foreign organizations put directly in quickly developing private Indian businesses to take advantages of less expensive wages and changing the business condition of India. Financial advancement began in India in wake of the 1991 monetary emergency and from that point onwards FDI has relentlessly expanded in India.
Additionally, apart from being a basic driver of monetary development, Foreign Direct Speculation is a noteworthy wellspring of non-obligation money related asset for the financial advancement of India.
The Indian government’s ideal policy administration and strong business condition have guaranteed that foreign capital continues streaming into the nation. The government has taken numerous activities as of late, for example, unwinding FDI standards crosswise over parts, for example, resistance, PSU oil refineries, telecom, control exchanges, and stock exchanges, among others.
POLICY AND REGULATORY FRAMEWORK TOWARD FDI
The Government has set up a policy structure on Foreign Direct Investment. Which is encapsulated in the Circular on Consolidated FDI Policy, issued which is refreshed like clockwork, to catch and keep pace with the regulatory changes. The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry,Government of India makes policy professions on FDI through Press Notes/Press Releases which are informed by the Reserve Bank of India as revisions to the Foreign Exchange Management (Transfer or Issue of Security by Persons Resident outside India) Regulations, 2000.
The procedural directions are issued by the Reserve Bank of India vide A.P. DIR. (arrangement) Circulars. Along these lines, regulatory system for FDI comprises of Acts, Regulations, Press Notes, Press Releases, Clarifications, and so forth.
FDI policy is looked into on a progressing premise and measures for its further advancement are taken. Change in sectoral policy/sectoral value top is told every once in a while through Press Notes by the Department of Industrial Policy and Promotion. Policy declaration by DIPP is accordingly informed by RBI under FEMA.
SECTION ROUTES FOR INVESTMENTS IN INDIA
Under the Foreign Direct Investments (FDI) Scheme, investments can be made in shares, obligatorily and completely convertible debentures and compulsorily and completely convertible inclination shares1 of an Indian organization by non-occupants through two routes:
Automatic Route: Under the Automatic Route, the foreign investor or the Indian organization does not require any endorsement from the Reserve Bank or Government of India for the speculation.
Government Route: Under the Government Route, the foreign investor or the Indian organization ought to get the earlier endorsement of the Government of India, Ministry of Finance, and Foreign Investment Promotion Board (FIPB) for the venture.
As per Department of Industrial Policy and Promotion (DIPP), the aggregate FDI investments India got amid April 2016-March 2017 rose 8 per cent year-on-year to US$ 60.08 billion, demonstrating that government’s push to enhance the simplicity of working together and unwinding in FDI standards as yielding outcomes.
Information for April 2016-March 2017 shows that the administration’s area pulled in the most astounding FDI value inflow of US$ 8.69 billion, trailed by broadcast communications – US$ 5.56 billion, and PC programming and equipment – US$ 3.65 billion. Most recently, the aggregate FDI value inflows for the long stretch of March 2017 touched US$ 2.45 billion.
Amid April 2016-March 2017, India got the most extreme FDI value inflows from Mauritius (US$ 15.73 billion), trailed by Singapore (US$ 8.71 billion), Japan (US$ 4.71 billion), Netherlands (US$ 3.37 billion), and USA (US$ 2.38 billion).
“Indian affect investments may grow 25 per cent every year to US$ 40 billion from US$ 4 billion by 2025,” as per Mr. Anil Sinha, Global Impact Investing Network’s (GIIN’s) counsel for South Asia.
Further, with a specific end goal to fit the different access routes for foreign portfolio interest in India, the Indian securities advertise controller i.e. Securities Exchange Board of India (“SEBI”) has presented another class of foreign investors in India known as the Foreign Portfolio Investors (“FPIs”). This class has been shaped by consolidating the current classes of investors through which portfolio investments were already made in India specifically, the Foreign Institutional Investors (FII’s).
Qualified Foreign Investors (“QFIs”):
QFIs are characterized under SEBI roundabout no. CIR/IMD/DF/14/2011 dated August 9, 2011, as foreign investors who are qualified to put resources into value and obligation plans of Mutual Funds in India and are occupant in a nation that conforms to the Financial Action Task Force principles and is additionally signatory to International Organization of Securities Commission’s Multilateral Memorandum of Understanding.
Sub-accounts are characterized under direction 2(k) of SEBI (Foreign Institutional Investors) Regulations 1995 as any person inhabitant outside India for whose benefit investments are made by FIIs in India and who is enlisted as sub-account under these controls. They incorporate foreign corporate, foreign individual, wide based funds or portfolios built up or incorporated outside India
Already portfolio speculation was administered under various laws i.e. the SEBI (Foreign Institutional Investors) Regulations, 1995 (“FII Regulations”) for FIIs and their sub-records and SEBI handouts dated August 09, 2011 and January 13, 2012 representing QFIs, which are currently revoked under the SEBI (Foreign Portfolio Investors) Regulations (“FPI Regulations”) that oversee FPIs. SEBI has, in this way, expected to improve the general operation of making foreign portfolio investments in India.
Basically, foreign portfolio venture involves purchasing of securities, exchanged another nation, which is exceedingly fluid in nature and, in this manner, enable investors to make “speedy cash” through their successive purchasing and offering. Such securities may incorporate instruments like stocks and bonds, and dissimilar to shares, they don’t give administrative control to the investor in an organization. To represent FPIs, SEBI presented the FPI Regulations by a notification4 dated January 7, 2014.
(A) CLASSIFICATION BASED ENLISTMENT OF INVESTORS
FPI has been characterized under FPI Regulation 2(h) as a person meeting the qualification criteria determined under Regulation 4 (secured under (b) beneath) and properly enrolled under Chapter II and are considered as mediators for the reasons for SEBI Act, 1992. Under FPI Regulation 5 the accompanying three classes of FPIs have been made on the premise of related dangers –
(a) Category I incorporate foreign investors related to the government, for example, central banks, government organizations, sovereign riches funds;
(b) Category II incorporates controlled substances like banks, resources administration organizations, venture directors and so forth and expensive based funds, which might be managed, for example, common funds, speculation trusts and so forth. Or, on the other hand non-controlled; and
(c) Category III incorporates investors, which are not secured under classifications I and II.
The enrollment pre requisites are continuously troublesome relying upon the classification under which the investor falls with most straightforward customs for a class I investors. Dissimilar to the past circumstance wherein the QFIs, FIIs and their sub-accounts were required to enroll with SEBI for 1-5 years at first to operate, FPIs enlistment is completed by SEBI assigned store members on permanent premise unless suspended or cancelled. These progressions may tend to back out the underlying endorsement process for FPIs and ensuing operation by them contrasted with the past circumstance.
(B) ELIGIBILITY CRITERIA FOR FPIS
FPI Regulation 4 recommends the compulsory qualified criteria for enrollment as FPI. Here, the candidate must be a non-inhabitant in India yet non-occupant Indians (“NRIs”) is particularly disallowed. While this spells “terrible news” for NRIs, a fund having NRIs as its investors can operate as a FPI as expressed by SEBI. Further, the candidate is required to be a resident of a nation which meets the accompanying criteria-
Its securities showcase controller is a signatory to the International Organization of Securities Commission’s Multilateral Memorandum of Understandingor gathering to a MOU with SEBI; whose central bank is an individual from the Bank for International Settlements in the event that if the candidate is a bank; and
Not specified in people in general articulation of Financial Action Task Force as a nation having issues identified with fighting financing of fear based oppression or illegal tax avoidance.
The candidate should likewise be approved to contribute as per the law of its nation of consolidation or place of business and as per its Memorandum of Association and Articles of Association or some other proportionate report. Getting from the FII Regulations, the accompanying conditions have been made material for enrollment as a FPI –the candidate must have adequate experience, proficient skill, great reputation, monetary soundness and a notoriety for reasonableness and respectability; must meet the criteria indicated in the SEBI (Intermediaries) Regulations, 2008 and
Give of enlistment to the candidate must be in light of a legitimate concern for advancement of the securities showcase. SEBI may determine some other criteria every now and then.
TAX ASSESSMENT OF FPIS
After the FPI Regulations came in compel, perplexity won among India Inc with respect to the tax collection of FPIs. This was on the grounds that the diverse classes of investors were burdened contrastingly beforehand and there was no lucidity with reference to how the combined FPI will be saddled. The Central Board of Direct Taxes (“CBDT”) turned out with a notification dated January 22, 2014, regarding FPIs enlisted under the FPI Regulations as FIIs for tax collection purposes. The notice shows that all investor classes shaping the FPIs would be burdened likewise to FIIs. QFIs are burdened at the rates of 40% and 20% on here and now capital picks up and long haul capital increases, separately emerging from exchange of securities, which are brought down for FIIs under the Income Tax Act, 1961 (“Tax Act”), i.e. 30% for here and now capital increases and 10% for long haul capital gains. Similar duty treatment should, hence, advantage QFIs through lower tax collection under the new law. Notwithstanding, since the CBDT warning applies FII impose treatment to FPIs just for reasons for segment 115AD of the Tax Act, the pertinence of tax reductions that FIIs appreciate under different arrangements, for example, area 196D to FPIs stayed misty.
Without any difficulty in enlistment prerequisites and lucidity on tax assessment being gotten for FPIs, the new FPI administration is probably going to help portfolio investments in India by foreign investors. Conceding of permanent enrollments to FPIs should not expect them to approach the DDPs over and over for the same, therefore, giving them a more steady condition for interest in India. Then, with the designation of work to DDPs, SEBI would now be able to concentrate on more essential issues close by requiring its consideration and perform its regulatory part more adequately. It can be contended that the move to the new administration, for all classes of investors that have been consolidated, should be an agreeable one especially in light of the fact that a cushion period has been given to them to operate without requiring them to promptly conform to the customs and process for transformation to and operation as FPIs.
India is on the verge of a huge transformation from a developing country to a developed country and energy is considered as one of the key requirements for economic development of a country.
As India is advancing on its path of development, its energy demand is expected to rise at a Compound Annual Growth Rate (CAGR) of 3.5% till 2040.
Liquified Petroleum Gas (LPG) is used in India as the cooking fuel. As per the estimates of International Energy Agency (IEA), India houses 800 million people who do not have access to clean cooking fuel.
In view of the above , Pradhan Mantri Ujjwala Yojana (PMUY) was launched by the government of India in May, 2016 under which 5 Cr LPG connections are distributed to households which are Below Poverty Line (BPL).
According to the recent data available, India imports a million tonnes of LPG (60% of total LPG requirements) every month to meet the increased demands of LPG which costs billions of dollars.
India has large coal reserves which can be used for the production of methanol using coal as a feedstock and can play an important role in order to contain the rising imports and energy security of India.
Government of India is also promoting the gasification of coal to methanol that can be used as a cooking fuel.
The main aim to produce methanol using coal is to decrease the dependence of India on Middle Eastern producers like Saudi Aramco, Qatar’s Tasweeq, Abu Dhabi National Oil Co. and Kuwait Petroleum Corp. and save billions of dollars which are spent on the import of LPG.
China is the leading producer of methanol in the World that accounts for the 55% of the global methanol production. China produces 70% of its methanol from coal as it has the third largest coal reserves in the World.
India has the 5th largest coal reserves in the World and thus can contribute significantly to methanol production.
According to a research at Tech Corp International Strategist (TCIS), India, we researched patented technologies to produce methanol from coal . US patent number US 4430096 filed on 8 March 1982, pertains to a method of production of methanol using a slagging gasifier using solid carbonaceous material like coal.
Gasifier contains a gasification chamber having an upper and a lower wall inlet. Upper wall inlet for feeding coal and a lower wall inlet for introducing gas in the chamber.
Coal is heated and converted to ash and the gases released are mixed with water to form a gaseous quencher output comprising hydrogen, carbon monoxide and water. A catalyst converts hydrogen and carbon monoxide into methanol. This method converts coal almost exclusively to methanol and was given by Conoco Inc. (Wilmington, DE).
US patent number US 20020159929 filed on 29 Feb 2000. In this method, Methanol is synthesized from a gas produced through gasification of biomass serving as a raw material, making use of a biomass feeding means for feeding biomass into a furnace main body and, located above the biomass feeding means, combustion- oxidizing- agent- feeding means for feeding into the furnace main body a combustion-oxidizing agent containing oxygen or a mixture of oxygen and steam.This method was given by Mitsubishi Heavy Industries, Ltd. (Tokyo, JP).
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