Public funded research and inventions play a central role in stimulating innovation in any country. Last year, the Government of India stealthily notified the Draft Model Guidelines on Implementation of IPR Policy for Academic Institutions. The draft guidelines aim to provide a structure embedded in intellectual property rights (IPR) for commercializing university inventions. They prioritize IPR over other methods of technology transfer from academia to the industry. The draft guidelines put India in elite comity of fast-developing and developed nations which have a similar policy framework in place. But is the spirit of collegiality a reason good enough by itself to embrace a policy? The article comprehensively analyses the draft guidelines, their purported rationale, and consequences that their enforcement would entail. The article presents an Indian perspective against the backdrop of the American and English experience, with their respective academic institutions Intellectual Property Policy frameworks, in an endeavor to extract tangible lessons for India. It is argued that with all the pious intentions with which the draft guidelines have been brought, they are misplaced, inapt, and ill-judged. K E Y W O R D S access to knowledge, patents, public-funded research, technology transfer How to cite this article: Saha PK, Kaushik S. How effective are India's model guidelines on implementation of IPR policy for academic institutions? Seeking the answer from the US and the UK experience.