Intellectual Property Rights are of critical importance for an economy in today’s technologically driven world. It is absolutely necessary for the millennials to understand the role of IPR before they embark on their career in the knowledge industry of fast evolving environment. DCSMAT, Trivandrum conducted a session on IPR on 11 April 2019. The resource person was Dr. Ajith Prabhu V, Chief Scientist (Scientist ‘G”) of the Kerala State Council for Science, Technology and Environment (KSCSTE) under the Government of Kerala and also head of the Technology Development and Project Management Division. He regaled the students with practical examples of IPR related issues from the past as well as contemporary world of business and innovation. He exhorted students to do an on line course conducted by WIPO. He highlighted the role of practising managers in efficient administration of IPR regime in forward looking organizations.