कार्यालय ज्ञापन

                                                                                                 OFFICE MEMORANDUM

The Deans’ Committee in its meeting held on September 17 & 22, 2025, vide Item No. DC-8.3.32 and 8.3.33 have approved the guidelines on engagement of IIT Mandi employees with startups and disclosure/equity norms.

1. Rules for Deans/Chairs/Centre Heads/Faculty In-charge/Faculty for Obtaining Funds for Their Own Startups/Companies:

The Deans’ Committee approved that IIT Mandi encourages all faculty and staff, irrespective of position, to participate in startups. However, any conflicts of interest must be declared prior to the commencement of such engagements.  Further, all faculty/staff and their family members (spouse/blood relations) must disclose annually the startups or companies they have formed or are associated with in any capacity.

       2. Disclosure of Own Companies by IIT Mandi Employees and Equity Norms for IIT Mandi and Section-8 Companies:

The Committee emphasized that IIT Mandi encourages all employees to develop technologies and establish startups. As they utilize Institute resources, including laboratories, infrastructure, and students, the Institute shall receive a flat 7% equity in the startup, irrespective of whether it is incubated within IIT Mandi or externally.