Terms and
Conditions for the Association
1.
Research
project carried out at “Technology Translation Center-MITWS” belong to the technical
area under the common interest of MITWS and funding organization (approved the
feasibility of the project by senior academic and industrial members).
2.
Industrial
technical issues (related to product development/process improvement) was
identified and evaluated by the members of MITWS and a improved technological
solution for a specific issue will be drafted in the form of a
scientific/technological project).
3.
A
feasibility report for a project will be drafted and evaluated by a joint team
constituted by the representative of both parties. In addition external advice
on the technical issue will also take under consideration.
4.
Industrial
research carry out at TTC-MITWS will be funded by your industry for a project /
technological/ scientific issue.
5.
MITWS
will manage and utilize the fund received from your company/organization for achieving
objective of said project successfully.
6.
We
will send an expenditure and utilization report of the fund to the funding
agency/ company/partner every six months.
7.
Research
assistance will provide to researchers who work on the said project. Amount of
stipend will be decided on the basis of mutual agreement of MITWS and funding
partner /industry / organization.
8.
MITWS
confirms that the output of the said project (patents, research papers or any
other public demonstration/exhibition/claims) indicate the contribution of all
parties (MITWS, representative of funding organization, PhD Scholar/inventor
and advisor/supervisor work under the said project).
9.
MITWS
will intellectually support the said project and engage the people in the
project carried out for experiments/evaluations/data illustrations/drafting and
publications the research works/ patents.
10. MITWS submit a progress report to
the funding agency / funding partner.
11. MITWS will trying to complete the
project in the prescribed duration agree by both parties.
12. Technology
developed/translate/scaled will transfer to other industry under a common
licensed agreement among all the concern parties.
13. The royalty of any developed
technology will be distributed in the following manner- 40% Funding
agency/organization, 30% MITWS, 20 % Research supervisor, 10% Research
scholar/assistant/root level innovator.
14. “Mahamana Innovative Technologies
Welfare Society” maintained the integrity of this agreement with honesty and
sincerity, and we make our best efforts for the success of said projects.
15. Initially the validity of the
agreement is for the period of 1 year and latter on it will be renewed up-to
the completion (maximum duration 3-5 Year) for the said project.
16. MITWS will try to provide
satisfactory completion of the technological demand of the concern industry. We
will also provide the free technical consultancy for the product development
and process improvements.
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