Patents in university play a crucial role in protecting intellectual property (IP) generated from research and innovation. They are a formal recognition of novel inventions, granting the university exclusive rights to the invention, usually for a period of 20 years. These patents can be a significant source of revenue, help attract research funding, and enhance the university’s reputation as a center of innovation.

Patents in university are a powerful tool for protecting intellectual property, fostering innovation, and contributing to economic and societal progress. By strategically managing their patent portfolios, universities can generate revenue, attract funding, and enhance their reputation as centers of excellence in research and innovation. The process of securing and commercializing patents is complex, requiring careful planning, resources, and collaboration, but the benefits to the university, its stakeholders, and society are significant.