Bangalore, December 16: India’s first B-School for product professionals, Institute of Product Leadership (IPL) and Inolyst, premier consulting firm for innovation management and Intellectual Property strategy have recently signed a Memorandum of Understanding (MoU) to foster the growth in intellectual property creation amongst the product engineers and entrepreneurs in the IT industry.
As per the MoU, Inolyst will help all IPL alumni - startup entrepreneurs, product engineering leaders, architects and product managers in filling applications for patents and trademarks besides conducting webinars and workshops on intellectual property. IPL participants will also get access to experts at Inolyst for advice, recommendations on IP and patent related matters. Further, Inolyst will be creating exclusive course list on IP for Product Management Programs (ICPM), Product Architect Programs (ICPA) and Executive MBA programs of IPL.
Talking about this MoU, Pinkesh Shah, Director of Programs & Co-Founder, IPL said, “The Intellectual Property Rights (IPR) awareness amongst the product entrepreneurs and senior product professional, which was at very low level, is gradually increasing off late and also they are becoming curious about how it can benefit them in not only building the right products but building the products the right way. The partnership between IPL and Inolyst will create stronger ecosystem support, more role models and examples of stronger IP driven business model success.”
Dilip Kumar, CEO, Inolyst said, “Today, the funding for Indian companies are basically coming from the US. The philosophy of fund raising off late, have been investing in product companies which have IPs. This calls for the product companies, which are looking for funding to create products not just for Indian market but for global market, especially US and Europe. This is making the IP strategy to be crucial in any product startup, which is looking for funding.”