NOTIFICATION

Subject:       Intellectual Property and Technology Transfer (IP & TT) Cell.

Based on recommendation of the ISC, the Competent Authority has approved the creation of  Intellectual Property and Technology Transfer (IP & TT) Cell. The details are as under:

1.Overview

To provide services to Indian Institute of Technology Mandi for the effective management of the intellectual property in which the institute has stake/share and technology transfer activities. Particular attention shall be paid by the Cell to the preservation of intellectual property, management, budget, and division of intellectual property income and the resolution of disputes. The Cell will be operated as a part of Deanery of SRIC and will be managed by faculty member as a Coordinator. The Coordinator of the Cell will report to Dean SRIC and will be appointed with the approval of the Director. The Coordinator will develop the processes for the management of the Cell and will be assisted by SRIC office. The Cell will engage an external Intellectual Property Attorney for handling the legal matters.

2.  Services to be offered by IP and TT Cell:

Assessment of research outcome

The research outcomes of IIT Mandi shall be assessed to identify inventions for IP protection and commercial value. This shall also include prospecting for valorization of research works based on identified R&D strengths.

IP filing

This shall entail evaluation of the research portfolio and needful diligence towards IP protection and shall involve coordination with inventors and law firms for IP registration process.

Technology potential assessment

The IP once filed shall be assessed for its technology readiness levels and commercial potential.

Technology transfer

Technology transfer shall include the following, as per the requirements:

          Preparation of technology briefs

          Marketing brochures

          Outreach, primarily to the start-ups and SMEs

          Negotiation and closure of the deals

          Signing of agreements

IP and TT policy matters

The Cell will assist in framing and revising the IP policy and forms as per need and requirements.

IP audit

IP audit shall be done to understand the current level of IP protection and the status of the IP filed prior to involvement with the Institution.

IP prosecution and maintenance

For the already filed IP, the Cell shall help with the prosecution and maintenance process through the audit law firms.

3.  Responsibilities of the Cell:

The Cell shall work as an interface between institute and the interested parties, such as patent office, industry, etc.

To create awareness, encourage, facilitate and provide guidance to academic and non-academic staff, students, scholars, project staff, etc. on the practices and the rules of institute regarding intellectual property rights and obligations within the frame work of the IPR policy of the institute.

Endeavor to negotiate and manage agreements to the best advantage of the creator and the institute, as per the Intellectual Property policy and guidelines.

The Cell shall maintain due confidentiality as per professional requirements.

Provide all legal support as deemed necessary or desirable for the protection of institute’s intellectual property.

Prepare legal instruments necessary to realize the technology transfer objective.

Provide financial and administrative support for IP and TT related matters.

Management of conflicts of interest, including negotiating agreements which are consistent with the Act and the Statutes of the institute.

All the proceeds from the deal and commercialization from the interested parties/ licensee shall be received by the institute as per the policy and norms.