mangaluru ericsson with the associated chambers of commerce of india assocham on thursday celebrated young indian talent at intellectual property talent search examination iptse awards 2019 identifying and rewarding students who took part in the countrys first ever examination on intellectual property rights suresh prabhu indias sherpa to g20 monica magnusson vp ipr policy ericsson and balkrishan goenka president assocham handed out the awards to the winners of the first edition of the examinationthe iptse 2019 held with the objective of creating awareness on intellectual property amongst indian youth drew participation from over 5000 students school students from classes ix to xii as well as under graduate students from colleges participated in the first edition of iptse suresh prabhu former union minister and indias sherpa to g20 said the preservation of a strong patent regime will protect ideas and support more innovation by helping bring more ideas to fruition through a robust ipr regime great ideas can be successfully commercialized to help our society and the world in this context it is heartening to see the passion exhibited by young students of our country as custodians of ip rightscommenting on the initiative monica magnussonsaid india has an immense talent pool which will play a pivotal role in putting the country on the global innovation map with the help of ip talent search examination we aim to recognize the innovators of tomorrow early and educate them about the importance of ipr across various businesses iptse is just another way by which ericsson contributes towards the objectives of indian national ipr policyvalkrishan goenka president assocham said knowledge skill are the backbones of a growing economy in the larger national interest the fledgling young minds need to be exposed to knowledge of ipr it is essential for building new indiathe iptse is an annual examination designed for school and college students across streams targeting class ix to xii school students and under graduate students more than 250 volunteers worked onground to educate various schoolsinstitutions to encourage student participation in iptse 2019while some studies shows that a balanced ipr regime can encourage economic growth and an innovation ecosystem there is a growing need to drive awareness and mass sensitization of ip among the youth the iptse is a first for india and is a small but significant step towards encouraging young minds to appreciate the importance of ipr and consider it as a career