In a move that will probably be a start of a new trend, The National Institute of Technology, Karnataka (NITK), Surathkal has approved a policy on Intellectual Property Rights in an attempt to increase the number of patents filed from their institute.
NITK officials said the need for the policy arose when they realized; “One of the research works published in a journal has already been taken up by an industry in Washington. However, this had not been patented by us”.
We, at The Beacon hope that other universities will also take note of this and start working on their Intellectual Property Policies. IPR awareness is still on its way to achieving levels already reached by developed countries. India is a fast growing market, the sooner Indian Universities realize the importance of Intellectual Property Rights the better it will be for the education sector as well as the economy as a whole.