Comment: 22 pages, 14 figures, Preprint for journal submission in futureIndian Universities and Research Institutions have been the cornerstone of human resource development in the country, nurturing bright minds and shaping the leaders of tomorrow. Their unwavering commitment to excellence in education and research has not only empowered individuals but has also made significant contributions to the overall growth and progress of the nation. Despite the significant strides made by Indian universities and research institutions, the country still lags behind many developed nations in terms of the number of patents filed as well as in the commercialization of the granted patents. With 34 percent1 of students choosing STEM fields in India, and over 750 Universities and nearly 40,000 colleges, the concentration of patent applications in only a few top 10 institutions raises concerns. Innovation and technological advancement have become key drivers of economic growth and development in modern times. Therefore, our study aims to unravel the patent landscape of Indian Universities and Research Institutions, examining it through the lens of supply and demand for innovations and ideas. Delving into the dynamics of patent filing and innovation trends, this study seeks to shed light on the current state of intellectual property generation in the country's academic and research ecosystem.