In the past 50 years, the IIT-Bombay has managed to file a little less than 150 patents. That's a poor score for a centre of excellence
that carries a vision of wanting to be "the fountainhead of new ideas and of innovators in technology and science.'' On Monday, it signed an MoU with Intellectual Ventures India (IV) to work together and convert ideas into wealth. IV is headed by former IIT-B director Ashok Misra.
IIT-B deputy director Juzer Vasi said, "We have a lot of patentable material. Unfortunately, it's not going anywhere. It costs US $25,000 to register a patent in the states and Rs 1 lakh to register it in India. Plus marketing
the idea and fighting cases in case of patent infringement is not easy for an academician.''
source : http://timesofindia.indiatimes.com/Mumbai/IIT-B-inks-deal-with-firm-for-patents/articleshow/4273600.cms