New Delhi, July 14 (KNN) India’s first Technology and Innovation Support Center (TISC) will be set up in Punjab under the World Intellectual Property Organization’s (WIPO) TISC program.

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry signed an Institutional agreement in this regard with the Punjab State Council of Science and Technology.

The Centre would be set up at Patent Information Centre, Punjab.

The objective of the TISC is to stimulate a dynamic, vibrant and balanced Intellectual Property Rights (IPRs) system in India to foster creativity and innovation, thereby promoting entrepreneurship and enhancing social, economic and cultural development by establishing a network of TISCs in India.

WIPO’s TISC program provides innovators in developing countries with access to locally based, high quality technology information and related services, helping them to exploit their innovative potential and to create, protect, and manage their Intellectual Property Rights (IPRs).

TISCs provide access to online patent and non-patent (scientific and technical) resources and IP-related publications and assistance in searching and retrieving technology information.

It helps in training in database search and in on-demand searches (novelty, state-of-the-art and infringement).

Apart from monitoring technology and competitors, it gives basic information on industrial property laws, management and strategy, and technology commercialization and marketing.

Over 500 TISCs operate worldwide and establishing TISC in India will give the host institutions an access to the global network.