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The basic public policy rationale for intellectual property laws is that they facilitate and encourage the pursuit of innovation and the disclosure of knowledge into the public domain for the common good, by granting authors and inventors exclusive rights to exploit their works and invention for a limited period. From the perspective of economics, intellectual property is a temporary monopoly on the use or exploitation of that good, supported by legal enforcement mechanisms.
Keeping in mind the large amount of research work being conducted at the institution and especially the industrially important ones, the Intellectual Property Rights cell was created. The Intellectual Property Rights cell is meant both to create awareness about various types of Intellectual Properties and the various terms associated with it. It also helps Faculty and/or Students secure patents, copyrights, licenses for their work.
Dr. M.Jaya Bharata Reddy,