FACILITATING INTELLECTUAL PROPERTY PROTECTION AT TECHNOLOGICAL INSTITUTIONS AND UNIVERSITIES - A CASE STUDY R.GEETHA AND K.VARUN BHASKAR Department of Biotechnology, Sir M.V.I.T, Hunasamaranahalli, Via: Yelahanka Bangalore- 562157
This has greatly necessitated the need for engineers, technocrats, scientists and other researchers to be aware and react to the new IPR system in the best national interest.
Knowledge R&D at Universities Commercial R&D Knowledge Based economy
Present Global R&D scenario at the University level
The Oxford University has set up a £10.7 million (US$25 million) venture capital fund to invest in spin-offs from university research.
Stanford’s Office of Technology Transfer is generating royalty income totaling US$88 million
Licensing of optical mirror technology of MIT, stem cell licensing at the University of Wisconsin, optical fiber technology University of Bath (UK), present a success stories of IP commercialization.
Trend world over is the rapid growth in university licensing of new technologies
Indian scenario-Exemplifying VTU ??????? INTELLECTUAL PROPERTY GENERATED More than 5000 NUMBER OF RESEARCH PROJECTS CARRIED OUT INCLUDING STUDENTS PROJECTS 80 IN 24 COLLEGES NUMBER OF RESEARCH CENTRES 249 REGISTERED CANDIDATES FOR M.Sc (ENGG.) AND Ph.D 25 BRANCHES OF BACHELORS DEGREE 38,000 INTAKE EVERY YEAR INCLUSIVE OF PG 111 NUMBER OF ENGINEERING COLLEGES
There is a need for creating awareness, putting in place an enabling policy environment, proper structures and processes that enables researchers to protect their Intellectual Property Rights (IPRs) in
The Proposed Model IP COORDINATOR DIRECTOR *TIFAC/ NOMINEE FACULTY MEMBER WITH EXPERTISE IN MARKETING AND FINANCE 2 PROFESSORS OF THE UNIVERSITY PATENT ATTORNEY/ REGIONAL PATENT OFFICE REPRESENTATIVE STAFF VICE CHANCELLOR CHAIRMAN DEAN RESEARCH MEMBER SECRETARY *TIFAC- Technology information and forecasting centre IP CELL WITH COORDINATOR ADVISORY COMMITTEE
These cells can have a funding wing, which will look into the aspects of providing financial support for inventors to file their patents.
An MoU should be signed between the IPR cell and the patentee to protect his best interests. Initially, bodies like UGC or AICTE could be approached to provide cost of the patenting expenditure (both Indian and international as the case may be) till the University generates sufficient corpus fund to become self-sufficient.
One-third portion of the money out of overhead expenses from the project grants may be set aside for the IPM cell.
Patent filling costs can be paid in any of the following ways:
IPM Cell’s own resources.
From recurring grants received from the funding bodies
Paid by the inventor through project grants.
Through external agencies like National Research Development Council.
With the above or similar guidelines in place, an IPR cell of this sort at VTU or any other university level maximizes the benefits and returns on R & D investment incurred by the respective organization.
An implementation of a system of this kind will also play an effective role in managing large amount of IP generated at University level.
This will in- turn impact the future economic development of the country in general and economic sustenance of the University in particular.