ASSESSING THE ROLE OF INTELLECTUAL PROPERTY RIGHTS IN DRIVING ECONOMIC DEVELOPMENT, INNOVATION, AND KNOWLEDGE COMMERCIALIZATION WITHIN THE INDIAN EDUCATION SECTOR: A COMPARATIVE STUDY

DOI: https://doie.org/10.65985/APER.2026901393

Authors:

Dr. Baban More, Dr. Rohit Jadhav, Mr. Sunil Madan, Dr. Ashok Chikte

Keywords:

Intellectual Property Rights, Innovation, Knowledge Commercialization, Economic Development, University–Industry Collaboration.

Abstract:

This study examines the role of Intellectual Property Rights (IPR) in promoting economic development, innovation, and knowledge commercialization within higher educational institutions in Mumbai City. In today’s knowledge-based economy, protecting and managing intellectual property has become essential for academic growth and industrial collaboration. The research adopted a descriptive research design and collected primary data from 500 respondents, including students and faculty members. Secondary data was collected from research articles and policy documents. Statistical tools such as frequency analysis, descriptive statistics, normality test, reliability test, t-test, ANOVA, Chi-Square test, and Pearson correlation were applied for analysis. The results revealed that a majority of respondents are aware of IPR and believe that it plays a significant role in encouraging innovation and research quality. The findings also indicate that institutional support systems, such as IPR Cells, positively influence patent filing and commercialization practices. Correlation and ANOVA results confirmed a strong positive relationship between IPR implementation and economic development through university–industry collaboration. The study concludes that strengthening IPR awareness, training, and institutional support can significantly improve research output and economic contribution from educational institutions. This research provides practical insights for policymakers and academic institutions in enhancing innovation ecosystems within Mumbai and similar urban education hubs.

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