The objective of session was to spread the awareness about intellectual property rights (IPRs) with students, faculty members to protect and stimulate the development and distribution of new products and the provision of new services based on the creation and exploitation of inventions, trademarks, designs, creative content or other intangible assets. The session was organized on 9th November 2022 between 2:30 to 4:00 PM at IIST Auditorium A. The expert speaker for the session was Dr. Harish B. Bapat.
The speaker shared his valuable thoughts about IPR is a significant tool in today’s era. The risk of an innovation getting infringed without the knowledge of the inventor stands very high. With the increase in the importance of IP, instances of IP crimes have become the part and parcel of the digitized era sometimes even leading to failure of businesses. Companies rely on adequate protection of their patents, trademarks, and copyrights, while customers make use of IP to ensure that they purchase secure, assured goods.
Dr. Bapat said that an IP asset is like any other physical property offering commercial benefits to businesses. In a web-based world, IP protection is much more relevant as it is comparatively simpler than ever to reproduce any specific template, logo, or functionality. The overall 150 students’ participated in the session and beneficiated.