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"In recent years, many countries have experimented with tax and economic policies to stimulate home-grown innovation. These include cash grants and other types of financial support; tax credits, deductions, exemptions and holidays; and accelerated tax depreciation rates. One policy that has been rapidly gaining popularity is the ‘patent box’. While specifics may vary, all patent boxes have one common feature: they offer concessional tax rates for income accruing to patents. There are two intentions behind a patent box. The first is that it will lead to more home-grown research and development (R&amp;D) and thus local innovation. Second, it will reduce erosion of the income tax base. "
<https://www.livemint.com/Opinion/9cJ0w68CdgCkybtzZEKwpN/Opinion--Incentivizing-private-sector-RD-in-India.html>