The National IPR policy was released by Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India on May 12, 2016. This policy brings about a vibrant intellectual policy ecosystem to leverage technology and innovation for growth and competitiveness.
Intellectual property plays an important role in providing a competitive edge with respect to tangible assists like inventions, designs, software, brand and innovative ideas. It is necessary to protect these creations in order to enable organizations to earn recognition or financial benefits. The rationale for this IPR Policy 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 this College.
The objectives of this Intellectual Property Right (IPR) Policy are to:
Create a conducive environment in MITS for development of IPs.
Provide a single window reference system for all the activities relating to IP generated through various activities carried out inside and outside on behalf of MITS.
Safeguard the inventor’s intellectual property and provide incentives to the investors with fair IP management and culture.
Provide legal support, wherever necessary / possible, to defend and protect the intellectual property rights obtained by the MITS against any infringement/ unauthorized use.
Ensure that once the Inventors decide to explore the prospects of commercialization of IP, Inventors must disclose the same to the Institute, while continuing to keep the information confidential while / until patent application(s) is (are) being processed.
Enable MITS to make beneficial implementation of such developed IPs for the benefit of the inventors, the College, and the Nation at large.
An India where creativity and innovation are stimulated by Intellectual Property for the benefit of all; an India where intellectual property promotes advancement in Science and Technology, arts and culture, traditional knowledge and biodiversity resources; an India where knowledge is the main driver of development, and knowledge owned is transformed into knowledge shared.
Stimulate a dynamic, vibrant and balanced intellectual property rights system in India to foster creativity and innovation and thereby, promote entrepreneurship and enhance socio-economic and cultural development and Focus on enhancing access to healthcare, food security and environmental protection, among other sectors of vital social, economic and technological importance.
The intellectual properties can be broadly listed as follows:
Patent: is an exclusive right granted for an invention, which is a product or a process that provides a new way of doing something or offers a new technical solution to a problem.
Copyright: is an exclusive right given to the author of the original literary, architectural, dramatic, musical and artistic works; cinematograph films; and sound recordings.
Trade/Service Mark: means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include shape of goods, their packaging and combination of colours.
Industrial Design: means only the features of shape, configuration, pattern, ornament or composition of lines or colours applied to any article whether in two dimensional or three dimensional or in both forms, by any industrial process or means, whether manual, mechanical or chemical, separate or combined, which in the finished article appeal to and are judged solely by the eye; but does not include any mode or principle of construction or anything which is in substance a mere mechanical device.
IC Layout Designs: means a layout of transistors and other circuitry elements and includes lead wires connecting such elements and expressed in any manner in a semiconductor integrated circuit.
New Plant Variety: a plant variety that is novel, distinct and shows uniform and stable characteristics.
Biotechnology Inventions: Include recombinant products such as vectors, nucleotide sequences and micro‐organisms.
Traditional Knowledge: The knowledge developed by the indigenous or local communities for the use of a natural resource with respect to agriculture, food, medicine etc. over a period of time and has been passed from one generation to another traditionally.
Geographical Indications: means an indication which identify such goods as agricultural goods, natural goods as originating or manufactured in the territory of a country or manufactured in the territory of a country or a region or locality in that territory where a given quality, reputation or other characteristic of such goods is essentially attributable to its geographical origin and in case where such goods are manufactured one of the activities of either the production or of processing or preparation of the goods concerned takes place in such territory, regions or locality as the case may be.