Index: Sr. No. Page No. Annexure I - Micro Project Proposal
Index: Sr. No. Page No. Annexure I - Micro Project Proposal
Sr.
Contents Page No.
No.
1 3.Proposed Methodology 1
4. Action Plan 2
5. Resources Required 2
1.Rationale 3
1
Annexure I
3. Proposed Methodology:
1. Firstly I will select a micro-project topic from the given list by my guide.
2. When the topic is allotted to me then i firstly think about that topic and started collecting
the information about my allotted topic.
3. I gather all the information about the insulation method. I took this complete information
from different online platforms (like Google, Research Papers) and some of books related
to my syllabus.
4. Then i will start discussing about the collected information and sorted some information
which needs to insert in my project.
5. And finally, when report is done with proposal, I will submit it along with viva.
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4.Action Plan:
5. Resources Required:
Sr.
Name of resource / material Specification Quantity Remarks
No.
1 Computer WINDOWS 7,2GB RAM, 1
160GB HDD
2 Operating System WINDOWS 7 1
3 Browser Chrome 1
3
6. Names of Team Member with Roll No.:
Sr.
Enrollment No. Name of Team Member Roll No.
No.
1 1910950143 Pranali Hemant Kulkarni 22
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Annexure – II
Micro-Project Report
1. Rationale:
Intellectual property (IP) is a category of property that includes intangible creations of the human
intellect. There are many types of intellectual property, and some countries recognize more than
others. The best-known types are copyrights, patents, trademarks, and trade secrets. The modern
concept of intellectual property developed in England in the 17th and 18th centuries. The term
"intellectual property" began to be used in the 19th century, though it was not until the late 20th
century that intellectual property became commonplace in the majority of the world's legal
systems.
The main purpose of intellectual property law is to encourage the creation of a wide variety of
intellectual goods. To achieve this, the law gives people and businesses property rights to the
information and intellectual goods they create, usually for a limited period of time. This gives
economic incentive for their creation, because it allows people to benefit from the information
and intellectual goods they create, and allows them to protect their ideas and prevent copying.
These economic incentives are expected to stimulate innovation and contribute to the
technological progress of countries, which depends on the extent of protection granted to
innovators.
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4. Literature Review:
Intellectual Property:-
Intellectual property is a category of property that includes intangible creations of the human
intellect. There are many types of intellectual property, and some countries recognize more than
others. The best-known types are copyrights, patents, trademarks, and trade secrets.
Intellectual property is a broad categorical description for the set of intangible assets owned and
legally protected by a company or individual from outside use or implementation without
consent. An intangible asset is a non-physical asset that a company or person owns.
The concept of intellectual property relates to the fact that certain products of human intellect
should be afforded the same protective rights that apply to physical property, which are called
tangible assets. Most developed economies have legal measures in place to protect both forms of
property.
Intellectual property is an umbrella term for a set of intangible assets or assets that are not
physical in nature.
Intellectual property is owned and legally protected by a person or company from outside use
or implementation without consent.
Intellectual property can consist of many types of assets, including trademarks, patents, and
copyrights.
Intellectual property infringement occurs when a third party engages in the unauthorized use
of the asset.
Legal protections for most intellectual property expire after some time; however, for some
(e.g., trademarks), they last forever.
Companies are diligent when it comes to identifying and protecting intellectual property because
it holds such high value in today's increasingly knowledge-based economy. Also, producing
value intellectual property requires heavy investments in brainpower and time of skilled labor.
This translates into heavy investments by organizations and individuals that should not be
accessed with no rights by others.
Extracting value from intellectual property and preventing others from deriving value from it is
an important responsibility for any company. Intellectual property can take many forms.
Although it's an intangible asset, intellectual property can be far more valuable than a company's
physical assets. Intellectual property can represent a competitive advantage and as a result, is
fiercely guarded and protected by the companies that own the property.
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Types of Intellectual Property
Intellectual property can consist of many types of intangibles, and some of the most common are
listed below.
Patents
A patent is a property right for an investor that's typically granted by a government agency, such
as the U.S.Patent and Trademark Office. The patent allows the inventor exclusive rights to the
invention, which could be a design, process, an improvement, or physical invention such as a
machine. Technology and software companies often have patents for their designs. For example,
the patent for the personal computer was filed in 1980 by Steve Jobs and three other colleagues
at Apple Inc.
Copyrights
Copyrights provide authors and creators of original material the exclusive right to use, copy, or
duplicate their material. Authors of books have their works copyrighted as do musical artists. A
copyright also states that the original creators can grant anyone authorization through a licensing
agreement to use the work.
Trademarks
A trademark is a symbol, phrase, or insignia that is recognizable and represents a product that
legally separates it from other products. A trademark is exclusively assigned to a company,
meaning the company owns the trademark so that no others may use or copy it. A trademark is
often associated with a company's brand. For example, the logo and brand name of "Coca Cola,"
is owned by the Coca-Cola Company (KO).
Franchises
The franchisee is typically a small business owner or entrepreneur who operates the store or
franchise. The license allows the franchisee to sell a product or provide a service under the
company's name. In return, the franchisor is paid a start-up fee and ongoing licensing fees by the
franchisee. Examples of companies that use the franchise business model include United Parcel
Service (NYSE: UPS) and McDonald's Corporation (NYSE: MCD).
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Trade Secrets
A trade secret is a company's process or practice that is not public information, which provides
an economic benefit or advantage to the company or holder of the trade secret. Trade secrets
must be actively protected by the company and are typically the result of a company's research
and development.
Examples of trade secrets could be a design, pattern, recipe, formula, or proprietary process.
Trade secrets are used to create a business model that differentiates the company's offerings to its
customers by providing a competitive advantage.
Real-World Example
In 2017, there was a widely publicized intellectual property case in which a company called
Waymo sued Uber over alleged stealing and implementation of technology relating to Waymo's
self-driving car program. The plans for the technology, although not yet completely viable,
constituted significant intellectual property for Waymo. When they alleged that Uber had
obtained their intellectual property, they were able to take action through the court system to
attempt to keep Uber from utilizing the information to enhance their own self-driving car
program.
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6. Actual Resources Used:
3. Browser Chrome 1
1. We learn from this project is, the different types of water purification.
2. Water purification can help to remove harmful containment.
3. so we have to do water purification..
4. This all thing we learn from this project.
4. Removes Chlorine From Water And Makes It Healthy For Drinking Purpose.
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