There is a difference between intellectual property and intellectual property Rights
Intellectual property is a sort of productive idea which we bring out and it can be tangible in different forms whereas intellcintel property Rights are the rights of individual which he/she acquires when he/she brings out that idea and gets it registered and it becomes intangible after it.
Here the students got their ideas out but with the facilitation of their mentors / teachers due to which it becomes a collaborated work. So thus it is student generated intellectual property but it can’t have its sole ownership they must share it with their faculty members.
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