Procedure for IP Creation
The procedure of IP creation should be as per guidelines laid down in the IPR policy document of the Institute. Some basic features of this process in steps are as follows.
The Institute shall strive to market the IP and identify potential licensee(s) for the IP to which it has ownership. The creator(s) are expected to assist in this process. The Institute may contract the IP to Technology Management Agencies (Government/Private), for its commercialization.
For the IP for which exclusive rights have not been already assigned to a third party, the creator(s) may also contact potential licensee(s) on the initiative maintaining confidentiality and taking all necessary care so as not to affect the value of the IP, through appropriate agreements such as Non-Disclosure Agreement (NDA) with the potential licensee(s) during technology marketing discussions.
If the Institute is not able to commercialize the IP in a responsible time frame, then it may reassign the rights of the IP to the creator(s) may approach the Dean, SRIC for the assignment of rights of the invention(s) to them.
Any revenue generated by the exploitation of IPR, will be shared between the creator/inventor, his/her faculty or Department/Centre and the Institute after deduction of agreed costs borne by the Institute on the prescribed terms and conditions. Sharing of the net earnings generated from the commercialization of Institute Ã¢â‚¬â€œ owned intellectual property will be made as per guideline laid down in the IP Policy document of the Institute.
The Institute Elective for UG students ";Introduction to IPRs" and a minor Elective for PG students as ";Intellectual Property Rights and Practices"; have been introduced through the Department of Humanities and Social Sciences.