Significance of Intellectual Property (IP) And Related Opportunities For Professionals

The field of IP covers patents, trade marks, trade secrets, designs and other creative forms of human endeavour, which increasingly constitutes a very significant component of success for companies and nations. In today’s globalize world, Intellectual property (IP) plays a significant role, at a micro level it is ownership of rights by individuals and socially beneficial product development and at a macro level it is growth of industries and economy of a country. IP has become a topic of debate as it touches every aspect of everyday life. There are groups who strongly oppose IP protection as they feel it will establish monopolies to their detriment, whereas some stake-holders feel it is the path to innovation and industrialization. Even though Intellectual Property may have short-term uncertainties of price escalation and accessibility issues, in the long run the benefits far outweigh the weaknesses, if any. IP creates incentives for people to create and innovate, for companies to develop new product lines, which in turn is the key to industrialization that is a contributor to enhancing the Country’s economy.

As India moves from a developing nation to becoming a pioneer in outsourcing services and a knowledge economy, IP has taken a new place for India’s inventors and growing Industries. To sustain its growth and to keep pace with the global competition, there is definite requirement to innovate, protect and build commercial and business strategy tools…

So far India suffered from an awareness of IP and often lacked resources to leverage its IP commercially. In recent years India has moved up the value chain by its people and industries having gathered a better understanding IP, which is evident from its burgeoning Biotech, Pharma & IT Companies and Government initiatives. India’s Pharma & Biotech companies have challenged some of the largest pharma MNC’s of the world; have withstood litigation in various foreign jurisdictions. Also, the Government has shown ingenuity by issuing proclamations to pump crores of Rupees to energize its patent offices, science labs and strengthen its talent pool. Special training programs have been developed for Patent examiners and government bodies like TIFAC, CSIR etc, India has shown its commitment to its people and promised to the World to meet the Millennium Development Goals (MDGs)…,

India has one of the largest numbers of talent pool of technology, science and engineers graduates from around the world. NASSCOM report states that India churns out about 5000-6714 persons are granted Science Ph D’s every year and about 21 researchers per 1000 persons are employed in R & D staff at work in science or industry. It has some of the most renowned technology institutes such as IIT’s and REC’s. But surprisingly, not a single institution or training program exists that offers IP and the entire gamut of patent portfolio management as a full-fledged “career option” for science graduates.

Training in IP, patents and building its human capital is the need of the hour for India. According to a report by Department of Micro and Small Enterprises, India, the Micro & Small Enterprises (MSE) Sector is one of the most vibrant sectors of the Indian economy. With nearly 12.8 million units (over 90 per cent of total industrial units) in this Sector employing nearly 31 million people. This MSE sector accounts for nearly 39 per cent of the industrial production and 33 per cent of the exports. However, this sector is not coming forward to use IP as a major business strategy. The involvement of entrepreneurs and business managers is required so that the IP generated by MSEs can play a key role in gaining competitive advantage and enhancing returns on investments. The key challenge is to build skills so that there is a positive and proactive use of the IP system..

IP is a source of creating lucrative job opportunities and career opportunities for technically qualified professionals, academia and scientists. A number of academic institutes have started courses on IP, which are either short term programs or specialization at the post-graduate level. Some of these are IITs that have IP awareness programs as a part of their regular curriculum except for IIT Kharagpur, National Law Schools, Private Law Colleges like NALSAR, AIPS, IIPS, etc and private institutions like Global Institute of Intellectual Property (GIIP, Delhi)

Reasons Why Indian Institute of Technology Has Become Top Recruitment Ground For Foreign Businesses

A Mass exodus of ‘best brains’

When it comes to producing a world-class technological force, Indian has always been on the forefront. Countries outside India are constantly seeking technological professionals to work for their companies and as a result India’s own skilled labour is running short in strength. More and more chunk of IIT professionals are deliberately in demand in India. So, for all those who think they are fit for the posts should quickly apply for an Indian visa to work in India. Let us know some major reasons why IIT (Indian Institute OF Technology) has become a top recruitment ground for foreign business.

The IIT (Indian Institute of Technology) in India

The Indian Institute of Technology that was founded in 1950’s were actually modelled on the Massachusetts Institute of Technology in USA. The institute stands uniquely important in producing a massive number of brainy professionals every year. And that’s why there are many international companies’ bee lining them offering high salaries, attractive remuneration packages and frees sponsorship on their Indian visa. The trend has become a tradition of almost 90% of the IIT professionals set their targets by earning an Indian visa and working overseas.

A global recognition

These professionals with India visa prove their worth as the companies that hire them enormously appreciate their talents at the work front. These professionals with Indian visa have doubtlessly created a niche in the world market of technology with their technical skills and expertise in the respective field. Indians on India visa abroad have chalked out a route to success and discovered higher positions globally. A perfect example of this is a famous story of an IIT professional Amar Bose who invented the ‘Bose speakers’ in the year 1968 and then migrated to the USA establishing his own company as an entrepreneur by the name of Bose Speakers. This company today is one of the giants in the technological market.

Working for a touch of the class

The IIT professional too for a quality life prefer working abroad as it gives them good salaries and best compensations too. The global market today has recognized the best brains from India and is ready to provide more comforts and attractive packages for the ones holding an India visa. Not only this than once the individuals have sought a thorough training and expertise working abroad then the Indian visa holder finds it wise to return back to his country setting up his own enterprise with much ease and monetary gains.

Today there are plenty of colleges and institutes mushrooming in the area of technology. Thousands of students are ready to opt in for the technological courses offered by them and then attain an Indian visa to work in well established companies. No wonder there is going to be an increased demand of professionals as these in India itself. So if you are a skilled labour in the IIT industry then it’s the right time for you to grab an Indian visa and join the burgeoning team of IT industry.

Top MBA Colleges in 2016

With better career opportunities providing higher salary, holistic perspective over the business world, high-level networking, leadership opportunities etc, students resolved that MBA can help them to escalate their career at one go.

MBA, the most sought post graduate degree program to persist in the business world, indeed has a wide range of criteria to be taken care of before opting for it. Criteria such as the MBA specializations, whether to opt for 1 year or 2 year MBA, which college to go for; have certainly put students in a plight.

MBA degree can be done as a 2 year traditional degree or as a 1 year MBA program which is an accelerated choice for students having crystal clear career goal as their dream. Some of the most popular specializations chosen today in MBA are Finance, Human Resource Management, Marketing Management, Operations Management etc. The expansion in the global business economy has given rise to new MBA specializations like Rural Management, Information Technology, Supply Chain Management, International Business (IB) etc.

Even if the specializations are chosen, another dilemma that takes form is whether to choose a government college or a private college. Keeping in mind the value of the degree offered, facilities, placements and career options the colleges provide, you should go ahead opting for the colleges best for you.

In order to help you grab a seat in the top B-Schools in India, various entrance exams like CAT, MAT, SNAP, XAT etc are conducted across India. List of top 5 B-Schools in India are categorized below with their exceptional qualities that made them to be on top:

Indian Institute of Management (IIM) Bangalore:

Located in India’s high technology capital, IIMB is in close proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving it the added advantage of integrating classroom knowledge with practical experience. IIMB is the only Indian business school to feature among the Top 50 B-schools on the Financial Times Executive Education 2015 Rankings, alongside the London Business School, Harvard School of Business, University of Oxford and several others.

IIMB has also been ranked among the Top 30 Business Schools in the world on the Financial Times’ prestigious Master in Management Rankings for 2015. IIM Bangalore has recently topped the list of best management institutes in the ‘India Ranking 2016’ – the first-ever national ranking of universities by the Government.

Faculty of Management Studies, University of Delhi:

FMS is among the few Top B-Schools of India, where every permanent faculty member is a Ph.D degree holder. Every student in FMS is a part of Management Science Association (MSA), a student body comprising of different panels that focus on distinct functional areas of interest.

To encourage entrepreneurship, FMS provides a placement holiday to students who wish to pursue their own ventures and allows them to participate in a subsequent placement process for up to two years, in case they want to avail the opportunity. Nestled in a strategic location that is at the crossroads of busy corporate and student activity, FMS hosted over 200 business leaders in the last year to facilitate a comprehensive learning curve for its students.

Indian Institute of Management, Ahmedabad (IIMA):

IIMA is consistently rated as the Top B-School in India by reputed national agencies. The institute has been ranked 16th in the Financial Times (FT) Masters in Management Rankings 2016 as well as ranked 24th in the Financial Times Global MBA Ranking 2016 in its top 100 list of B-Schools, announced in January 2016. The enviable record of the entire batch getting placed year after year, over the past 20 years, also points to the quality of the students admitted and the quality of training they receive.

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai:

NMIMS is located in Mumbai, Maharashtra, India. It is a private university one of the leading MBA College since last 34 years and has awarded as 13th top Business World B-School Survey in 2014. The placement programs of 2015 included MBA, MBA HR, MBA Banking and MBA Capital Markets. The average pay offered is Rs. 16.51 lakh per annum, which is around 8% higher than last year.

NMIMS School of Business Management (SBM) is ranked 12th in top 100 management schools & 5th place in top 10 Pvt B-schools in Outlook Drshti B School survey 2014, 9th rank top 25 B-schools, 3rd rank top 35 Pvt. Colleges, 2nd rank top 25 Pvt. Colleges in West Zone in The Week Hansa Research B-School Survey 2014 etc.

Department of Management Studies, IIT Delhi:

Department of Management Studies (DMS), IIT Delhi is known for its 100% placements record which is the reflection of the timeless ties and relationships with their corporate partners. DMS, IIT Delhi has been ranked in the top 2 schools in the “Business and Management Research” category of the “Stanford Ranking” for 2015. Outlook has ranked IIT Delhi 6th among the top 10 B-schools in India 2016. DMS, IIT Delhi shares top three ranks in India for business and management studies along with IIM Ahmedabad and IIM Bangalore in QS India University Rankings 2015.