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The National Electronics Policy (NEP) 2019 aims to create an SPF. What does SPF stand for?
Question

The National Electronics Policy (NEP) 2019 aims to create an SPF. What does SPF stand for?

A.

Sovereign Protection Factor

B.

Sovereign Patent Factor

C.

Sovereign Protection Fund

D.

Sovereign Patent Fund

Correct option is D

The correct answer is (d) Sovereign Patent Fund.
· The National Electronics Policy (NEP) 2019 aims to create a Sovereign Patent Fund (SPF). This fund is designed to support the acquisition of Intellectual Property (IP) and patents, enabling Indian technology companies to compete globally by leveraging IP assets effectively.
Information Booster:
· The NEP 2019 focuses on promoting innovation, research and development, and the manufacturing of electronics products in India.
· The SPF is intended to help Indian companies protect and commercialize their innovations, reducing dependence on foreign technology and patents.

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