5000 IoT patents filed in India in 5 years; MNCs account for 70%, share of Indian companies low at 7%

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According to a Nasscom report, while 70% of patents came from multinationals, 7% came from startups and 95% of IoT patents relate to hardware components. Around 60% of patents were filed by electronic manufacturers and 13% by IT-ITeS companies. Of all the IoT patents filed, 40% filed have been granted.
Source: Economic Times

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