Course outline: Intellectual property (IP) helps universities to improve their ranking, establish an innovation ecosystem, incubate knowledge-based start-ups, earn additional revenue and measure research activity. Managing intellectual property at Universities can be critical as regulatory authorities push for establishing innovation ecosystems and IP centres. The University Grants Commission (UGC) has asked all universities to set up IP centers. The National Institute Ranking Framework (NIRF) ranks institutions based on the number of patents applied for, granted and commercialized. The National Assessment and Accreditation Council (NAAC) awards points to institutes with an innovation ecosystem and a facility for identifying and promoting IP. Both the UGC and All India Council for Technical Education (AICTE) recommend changes to the curriculum with a focus on IPR education in technical institutes.
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