IPR plays an important role in providing a competitive edge to any Institution. The tangible assets like inventions, designs, software, brand name and other creative & innovative ideas are more valuable than physical assets. Intellectual Property Rights are exclusive legal rights over creations of the mind. IPR give the proprietary rights to exploit intellectual creation of the mind. IPRs are essential to foster innovation and to encourage inventiveness in various areas of research and development. It also contributes to ensure profitability and better service to the society. SWEC I.P.R. Cell is governed by the University Intellectual Property Rights Policy which was established in April 2014.
It is necessary to protect the Intellectual property in order to enable organizations to earn recognition or financial benefits. 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.
Academic and Research Institutions are concerned with successfully managing projects and research initiatives and the protection of their IP Rights which will benefit all stake holders.
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