Government lays draft guidelines for implementation of IPR policy in academic institutions
A patent right will rest with the academic institution if a student, researcher or faculty member has used its resources and funds for developing a product, according to draft guidelines floated by the government on the implementation of IPR policy for academic institutions. However if an institution determines that an invention was made by an individual on his or her own time and unrelated to his or her responsibilities towards the institution and was conceived without use of its resources, then the invention shall vest with the individual or inventor. These guidelines are floated with an objective to foster innovation and creativity in the areas of technology, sciences, and humanities by nurturing new ideas and research, in an ethical environment. It would also help in protecting intellectual property rights (IPRs) generated by faculty or personnel, students, and staff of the academic institution, by translating their creative and innovative w...