As universities and academic institutes serve the public interest by disseminating knowledge through both research and teaching. Traditionally, many have done this by building close links with local industry and businesses as well as publishing the results of their research. But the era of globalization and the Internet has opened up new possibilities. While open access publication may be appropriate for some research outputs, others should be kept confidential temporarily so that they can be patented and developed commercially. To manage their IP and disseminate their knowledge effectively, universities and academic institutes need to understand how to use the IP system. Sometimes, knowledge is best disseminated through its publication and release into the public domain. But in many cases the most effective way of realizing the social benefits of research-based knowledge is to protect it under IP laws and sell or transfer it to a company capable of transforming inventions into new products. When managed strategically, transfer of research results can lead to benefits for society at large as well as the industry sector and institutions concerned.
As we all know that Intellectual property (IP) plays an important & very essential role in the research, development and teaching functions of universities for their sustainable development. This includes IP created by universities/PRIs and also third-party IP that they use in their work.
In the upcoming future, diligence of the economy will surely be going to depend on innovative potential through the verification process of intellectual property rights. But for this there is a solid education or awareness in the field of intellectual property. The only way to ensure sustainable economic development and to create prerequisites for increasing the competitiveness of national industry is by applying the model of development based on research & innovation and one of the central strategic elements should be an educational system. In this way will be created a framework in which well-being will be a constant that will last in the long term.
Universities and academic institutes also get benefits for knowledge/technology transfer are usually not financial. While licensing revenue is occasionally generated, the principal benefits are indirect and should be considered in the longer term, Universities that embrace a robust technology transfer environment are more appealing to entrepreneurial faculty, scientists and students who see the institution as a successful pathway for both career development and bringing innovation to market. Successful technology transfer often attracts additional research funding. Institutions that succeed in moving discoveries from the lab to the marketplace often create a prestigious following. Interaction with the private sector often results in access to state-of-the-art industrial equipment, improved skills and techniques and better understanding of market needs. Institutions frequently benefit from the participation of industry-based lecturers and real case studies. Collaboration with industry can facilitate exchanges of staff between the institution and businesses and alumni intake in firms.
The need to introduce intellectual property in the Indian academic curriculum. Because, there are many people who could be involved in the process of commercialization of inventions and the funding of research. Starting with universities as such through their research centres, teachers, researchers and inventors, students, technology transfer, etc. Each of the participants which may be involved in the process of generating and marketing of research results or in the process of obtaining contracts research make a contribution. But they have their own interests and expectations, a situation which, in the majority of cases, will result in a conflict of interest. It should be noted, however, that a university, as such, is the main participant in the process of research results, as this provides: research infrastructure, staff salary, funds for research, the good name of the institution. of intellectual property rights, especially by countries that are in development, it is often correlated with the process of globalization so that it is difficult to identify negative or positive consequences in a given economic system. The positive effects of the verification of intellectual property rights may include increased productivity, the development of complementary activities with local firms, while the negative effects may include adverse competitiveness effects in relation to local firms, personnel layoffs and the implications of lowering the welfare. Must be aware the fact that, in the long time, the competitiveness of an economy depends on the innovation potential process won through the verification of intellectual property rights. Beyond the effects of the globalization process, which relates to foreign direct investment, relocation of production activities, etc., there are deeper causes which determine the evolution of competitiveness, these being correlated with investments in research and exploitation of innovation.
So, there is need to promote the IP in Institutes and universities. The experts should address the challenges related to IP commercialization in general and in the India particularly. It provided an opportunity for SMEs and academic institutions to express their expectations from the National Project while external experts shared information on IP commercialization practices from their experience.
The workshop should be taken by SMMEs, Academical institutes, and university focused on bringing together in a team through a creative process involving all stakeholders involved in the project. This event has contributed to an enhanced understanding of the role IP commercialization in the region and it also responds to one of the major national challenges: how to bridge the gap between industry and academic institutions.
So, in this way we can identify and create IP, and bring our research results to the next stage of development and this has to become institutional objectives. In this context, an institutional IP policy is a prerequisite for successful collaboration between academia and commercialization partners. Also it will provide legal certainty; Nurture an environment that supports and encourages innovation and development; encourage researchers to consider the possible opportunities for exploiting an invention so as to increase the potential flow of benefits to society; Encourage researchers to consider the possible opportunities for exploiting an invention so as to increase the potential flow of benefits to society; Encourage mutually beneficial relationships with other institutions; balance the various conflicting interests of the university, industry and society; and also ensure compliance with applicable national laws and regulations.
