"Patents are like bullets”, says Law Prof Collen V. Chien. She is right. Patents make you powerful in a mob and their influence is widespread – almost in every sector. Academic institutes that are hub of innovation, with the power of their research work can convert their intellectual property into a nuclear weapon. Having a strategic patent portfolio in place can help them generate revenue, which can be highly rewarding in other areas also. It adds more credibility to an educational standard of an institute, for example, and also attracts corporate entities. Universities, today, have their research platforms and systems in place for their enhancement. But it’s of no use if an institute is not managing and utilizing its knowledge base. However, there are universities, though few in numbers, which are strategically utilizing their research base. With the presentation above, we have solved 6 major road stones of Universities to efficiently deal with their Intellectual Property.