The Institute of Intellectual Property Research and Practice was formed in the year 1995, primarily to provide industrial training and education in the field of intellectual property rights, their practices and legal enforcement in an international scenario to the Business Houses in order to Protect and Commercialize their Intellectual Capital. Intellectual property being intangible in nature is more fragile and needs international protection and commercialization in a global economy. In order to protect and commercialize intellectual property, the knowledge and update of International Scenario of intellectual property is critical. The institute has been regularly holding international seminars as one of its focused activities to educate and sensitize Indian industry with international happenings in intellectual property. The Institute organizes these seminars on its own or in collaboration with various Government and international agencies. The Institute also conducts tailored made educational Programme for better-known corporations at their premises.

The Institute also provides a platform and medium to Corporate Houses to Protect and Commercialize their intellectual assets to maximize the commercial gains. In this direction the Institute has established a Valuation Center which undertakes valuation of intellectual capital and an IPR Audit Cell which undertakes due diligence in order to make Intellectual Property as low investment growth mantra and manage IPR-Risk. The Institute also provides assistance in transfer of technology, licensing, remittance, accounting of damages and losses for infringements, verification of royalties and license fee to foreign countries and many more cognate and allied subjects. The Institute has a centrally air-conditioned and well laid out premises. It has well furnished and equipped library holding more than 4000 books on intellectual property itself and these facilities are directed towards the goal of learning and understanding the importance of intellectual property for small and big business houses.