Thread by @hsunil10

@madhurgupta121 @jagachchhishya @vivekagnihotri Since u think Innovation == number of patents filed , let me educate urself !
There are many flavours of innovation :
1) Business Innovation : Amazon, Facebook and most SM companies are business innovators.. They are not driven by their patents but by innovative business models !

@madhurgupta121 @jagachchhishya @vivekagnihotri 2) Product innovation : within product innovation there are 2 flavours - Hardware and software . Hardware product driven companies like Samsung really need patents to protect their innovations which may be generational (breakthroughs, major improvements) or incremental in nature.

@madhurgupta121 @jagachchhishya @vivekagnihotri 3) Software product driven companies have a mixed approach.. Some generational aspects may be patentable, but incremental ones are not ! Today even breakthrough innovations are given away under AGPL open source licences - eg: Java, Android, Unix, Mozilla, MySQL & many frameworks

@madhurgupta121 @jagachchhishya @vivekagnihotri Some of the cutting edge AI product stacks like SensorFlow , Watson etc are freely available for companies to download and use ! They are still under patent but the idea is to develop a sustainable ecosystem around their core products which generates more viable revenue stream !

@madhurgupta121 @jagachchhishya @vivekagnihotri 4) Process innovation (specifically to India) : The 2005 amendment to Patents act of 1970 makes "invention that enhances the known efficacy of the substance or results in a new product or employs at least one new reactant is patentable" !

@madhurgupta121 @jagachchhishya @vivekagnihotri This specifically supports our generic drugs industry to patent equivalents of on-patent drugs by global majors by reverse engineering and adding to new ingredients with some additional benifits ! joshiattorneys.com/Cross-Border-A…

@madhurgupta121 @jagachchhishya @vivekagnihotri So bottomline is innovation is not always equal to patenting ! Today most valuable, successful tech & e-commerce companies (Amazon, Facebook, Netflix, Uber, Twitter, Instagram ) are not all with maximum patents but the ones with an innovative business model !

@madhurgupta121 @jagachchhishya @vivekagnihotri Ofcourse there are Apple, Google, Samsung, IBM of the world.. But evidently these are hardware +software companies except Google (Google also has most patents in data center & search optimization - hardware +software - technologies) where patents have significant advantages !

@madhurgupta121 @jagachchhishya @vivekagnihotri @threadreaderapp pls unroll..