FormulateIP, a pioneering techno legal solutions and process outsourcing firm has teamed up with a leading IP practicing law firm through Karnataka State Open University for a post graduate course in intellectual property and innovation management. The course is a one year distance mode Post Graduate Diploma Course in Intellectual Property Rights & Innovation Management (IPRIM) to be delivered and imparted using state of the art e-learning platform and bespoke content. The 60 hours credit based curricula is primarily focused on intellectual property awareness, specialisation and protection strategies with an aim to position it among researchers, scholars, professionals and students. The course will be an e-learning module and will be completely interactive with a user friendly interactive and self evolving learning sequence pace. The IPRIM course will benefit managers, lawyers, scientists, engineers and in-house or prospective patent/intellectual property counsel. The course has evolved modules targeted to help management professionals understand intellectual portfolio management strategies, consulting and certain fundamentals of valuation.

In addition to the above, the technology and the content has been developed by FormulateIP in a way that the same can be licensed to corporate, research institutions and educational groups for their customized use, with custom-made content and requirements. Neeraj Gupta, Chief Executive Officer of FormulateIP says, 'We believe IP issues are critical to the success of any business, regardless of its size. We are initiating this course to help professionals and businessmen in pursuit of intellectual property protection to understand the process of protecting it and managing it. The course will help meet the growing demands and needs in today's relevant knowledge driven economy and innovation intensive business models. Also, our aim is to bring the state of art technology to India and introduce it to the domain of continuing professional education and distance learning. This is the first of many initiatives that we seek to introduce in India. Similar initiatives are being discussed with partners in the United States of America, China and United Kingdom. We will be commencing operations through delivery of these courses in these countries by the end of the year. Several educational institutions and corporate have shown interest in the initial stages, when the concept was discussed with them. With no other similar course or offering available at this time in the realm of intellectual property and management, we see a great potential.' The fees for this one year course will be Rs.10,200/- and it is conducted through distance learning. The last date to submit application forms will be August 31, 2009. All graduates with more than 50% aggregate marks can apply for this course. The course is open to corporates, research scholars, engineers, professors and students who want to understand Patenting and the process of completing it. At a time when Indian laws and intellectual property regime is coming of age and seeks to be on par with the rest of the world, this course provides the right avenue to take training and knowledge acquisition to the next level.