Protection and management of Intellectual Property have become a major challenge for countries across the globe as patents are considered as indicators of technological development and trends in R & D. Realizing the potential of knowledge as the main creator of wealth in the emerging world economy, most of the nations in the world work on projects that would help improve the economy and protect their Intellectual Property

It is necessary to protect the Intellectual property in order to enable organizations to earn recognition or financial benefits. Governments of various countries protect the innovative ideas of the inventors through Intellectual Property Rights (IPR). Recently, IPR has become a central issue in the developed and developing countries. The rationale for this IPR lies in the need to create awareness about the importance of IPRs as a marketable financial asset and economic tool among the researchers, faculty and students of the College.