Saturday, March 18, 2006

Patents to bring money to colleges

Stanford university gets $88 million annual royalty for its inventions; Massachusetts Institute of Technology gets a huge royalty from optical mirror technology which alone can run the university for the next 10 years; Oxford has invested 10.7 million pounds in research. In India, despite having more than 250 universities, 800 engineering college and 1300 research and development facilities, IIT's are the only educational practising patenting thoroughtly. (courtesy to Times of India, March 17,2006)

The question here is that in every college there are many students who are capable of inventing or perform amazing research projects. There are many things that stop a student from performing something amazing. One is the college and staff do not support the student in there endeavours and in many cases I have seen sometimes the staff taking the full credit to what the student is performed and sidelining the student.

The second thing is as mentioned in the above article. Not knowing the knowledge of patents and other things. Even if one patent is done to a college in India, it will give popularity to the college and also can get funds for the department and college. The colleges in India should encourage there students and assist them. In the end, it is the name of the college that will gain popularity.

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