This article from rediff couldn't have come at a better time. Just the other day I wrote about why we need IPRs I had argued that IPRs are essential a motivating tool for showing creativity and coming out with meritorious endeavor. The example of MIT student Bose and the later pioneering Bose stereos is just an illustration to this regard. [read the rediff article here]
However, legally speaking, it is worthwhile to point out that this news-article requires two qualifications;
(2) Secondly and unfortunately, all ideas and objects cannot be given protection under the
So start thinking, invent, fulfill the criteria and be proud owners of the patent and earn money by leasing it out to giant corporations or open one yourself, like Bose did.