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The exiting institutional mechanisms, models, policies, programs, guidelines, regulations and laws in the world are not supporting exactly to solve the most perpetual intellectual property (IP) business problems in the Least Developing Countries (LDCs) and developing world for creation and development of world class science, technology and innovation (STI) and intellectual property (IP) and its commercialization, industrialization activities at national and international level. Even, most of the super scholars in the field of development economics did not concentrate enough to identify the real problems of the developing world. In this circumstances, the Centre for Policy Research, Bangladesh has been developing the framework of IPDP – Intellectual Property Development Program since 2012 to remove the builtin weakness of the scholar contributions in field of development Economics. In addition the IPDP will also create an Innovative Industrial Environment (IIE) to remove the weakness of STI and IP business in the LDCs and developing world. In details