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Innovations are key to economic growth and are major contributors towards enhancing food security, higher social development and environment sustainability. In this study, carried out at ICAR-NAARM during the year 2020, an effort is made to understand the ongoing IP management and technology commercialization practices in ICAR and major challenges/pitfalls involved within, along with suggestive corrective measures. This paper provides evidence to measure technology outputs through patent analytics and other desk-research approaches to assess current level of technology transfer process performed by Agri-Business Incubators (ABIs) to create value and societal impact of technologies developed in the system. Results indicate active patent filings across all agricultural sectors, with a major trajectory after 2008 and a policy-based approach to spur technology commercialization in NARES. It also identifies the roadblocks with suggestive mid-course corrections.