Why Patent Search Firms in India are Emerging Fast

Why Patent Search Firms in India are Emerging Fast

When it comes to outsourcing, India is the country that remains at the top rung of the ladder. With highest number of youth and skilled man-power the country is poised to become one of the most favorite destinations for companies and brands willing to cut-short their overall operational cost.

After successful IT outsourcing model the country is now witnessing a sharp rise in outsourcing of operations that are non-IT including Patent Search Support/ patent support services. Doing a thorough and extensive research of ever growing pool of existing patents and non-patent literature is important for any business for various reasons and here comes the importance of equipped, experienced and professional Patent Search Firms that can help you dig through this mammoth information set reliably and comprehensively with its large manpower.

With the above background, you may still think Why Patent Search Firms (popularly known as Patent KPO or IP KPO) in India are Emerging so Fast? Here are some inputs:

1.     BIG Pool of BEST Technical Minds:

According to All India Council for Technical Education, twenty four lakh graduates pass out every year from various Universities in the technical domain. This huge pool of technocrats makes India one of the most preferred destinations for various outsourcing works involving high end technical knowledge. If we break the data domain wise India will be the first country that produces this much number of graduates per year:

• Engineering and Technology: 1905802
• Masters of Computer Application: 87573
• Pharmacy: 102078

So even if we consider that just 1% of these would be worth hiring for domain as complex as patent information support or Intellectual property support services, it is still a huge pool of people to tap with the following advantages.

-       Quality Work: Top 1% of these students graduating every year are technical very sound and once trained properly become the best patent researchers in the world. Good part is patent search firms in India are preferred choice for these top quality graduates as well considering a good global work environment, challenging roles and high salaries. No matter whether companies are looking for patent search professionals in Hi-tech, Life-Sciences, Mechanical-engineering or any other domain the country has plenty of things to offer.

 

-       Easy Scaling: Scaling a business over time is important to get success and same applies in the Intellectual property domain. With huge number of technocrats and skilled-professionals it's easy to satisfy the demand of the clients along with maintaining the quality. Indian patent search firms are blessed with huge number of technocrats and are never short-off in the supply side.

 2.     Low-cost

Cost has always been an important factor in determining the success of a company and outsourcing is one of those instruments that have helped companies make their operations cost-effective. Since the cost of living in developing countries like India is low it also leads to cost advantage for companies that are outsourcing their patent support and allied-services to India. No matter whether you are looking for a comprehensive patent search service, patent drafting service or patent licensing, support these patent search firms can offer you the best result and that too at low cost. However, if cost saving is not a apriority for you, the patent support services firms in India can still help you achieve more than double in a given budget while providing same or better quality.

 3.     Exposure to Global Best Practices

With India being the preferred destination for IP outsourcing/ patent work offshoring, a typical patent search firm in India would work with clients across the domain and across the globe. For example, Sagacious Research – one of the leading patent search firms and KPO in India, has worked with clients in over 87 countries and across technology domains. This has given them exposure to best practices from across the globe that they can apply to each of their clients and can provide a much better and global output than firms based in any specific country could provide.

 4.     Legal Framework

The regulatory andlegal framework of India is in line with countries like USA and UK. After India became a signatory member of WTO in 2005 the country has managed to reduce many hurdles to improve the ease of doing business. It has also revamped its IP protection framework so that companies need not have to bother about its misuse. All these factors combined with success of IT offshoring over years have given Indians a good understanding and orientation towards these factors leading to increased trust on Indian companies among global players.

 5.     Good Communication Technologies

Also, the advent of good and multiple viable communication modes like video conferencing has made patent work offshoring a practical solution and companies based anywhere can communicate with their partner in no time.

Accordingly, if you have not tried yet to outsource your patent related work to and Indian search firm, you must try doing it once (and most of the companies would be willing to offer a pay-if-satisfied pilot making it a risk-free affair).

Source : articlesbase.com