Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Vision

• To establish a thriving local innovation ecosystem
• To encourage the students and faculty members of CARE to take part in entrepreneurial journey
• To address the societal problems and improve the livelihood of people
• To support the national and state innovation ecosystem to create more startups from India

Objective

The primary objectives of the IIC-CARE are

• To establish and stabilize innovation and entrepreneurship ecosystem at CARE, by providing various pre-organized activities to the students and faculty members.
• To address the underutilization of young creative minds and divert them to innovation and entrepreneurship journey.

IIC-CARE members list

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

IPR Policy of CARE

1. Aim of IPR policy of CARE

1. To cultivate and protect academic freedom by providing a setting conducive to the pursuit of knowledge via rigorous study and investigation
2. To encourage the development and productivity of intellectual property by promoting an inventive work environment.
3. To develop clear policies and guidelines for the management of intellectual property that enable the Institute to leverage its knowledge for prosperity.
4. To eliminate any ambiguity regarding the rights and duties of faculty, staff, and students, thereby securing the Institute’s members.
5. To enable the Institute to make effective use of its intellectual property in terms of quality and performance for the benefit of both the inventors and the Institute as a whole.
6. To disseminate the Institute’s intellectual property purposefully in order to establish a world-class academic research and teaching institution that embodies the principles of scholarship, teaching, and public service.

The IPR Policy of CARE is aimed at providing a framework that promotes innovation and creativity, ensures compliance with the relevant rules and regulations, and guides the Institute’s members on the management and protection of intellectual property. The Policy shall be reviewed periodically to ensure its continued effectiveness and compliance with the applicable laws and regulations.

The IPR Policy of the CARE aims to achieve the following objectives:

1. To create opportunities for revenue generation by enabling the preservation and utilization of intellectual property developed by its faculty, staff, and students during their association with the Institute.
2. To foster a culture of intellectual property rights (IPR) by implementing effective IP management approaches within the Institute that encourage its faculty and students to recognize and respect IPR.
3. To establish a single framework for all IPR-related matters, and to create a research and innovation environment that aligns with the Institute’s educational mission.

The IPR Policy of the Institute is designed to promote an environment that supports the development of intellectual property and encourages the utilization of IPR for revenue generation. The Policy seeks to foster a culture that recognizes the importance of intellectual property and provides a framework for managing and protecting it effectively. The Institute will review the Policy periodically to ensure its continued effectiveness and compliance with relevant laws and regulations.

2. Scope

This policy extends to all intellectual property developed by the Institute’s faculty and staff, research scholars, students, individuals hired for sponsored research and consultancy projects, and visiting professors/scientists who engage in research and teaching on a full-time or part-time basis. Examples of intellectual property (IP) resulting from academic research include patents, designs, copyright, know-how, and other proprietary information. This policy ensures that all such IP is protected and managed in accordance with the Institute’s guidelines and procedures. The Institute reserves the right to claim ownership of any IP developed using Institute resources or during the course of employment or engagement with the Institute, subject to any agreements to the contrary. The Institute shall take appropriate measures to protect its ownership of such IP and to manage it in a manner that is consistent with its educational and research mission.

3. IPR Policy Statement

The Institute is committed to promoting, protecting, managing, and commercializing intellectual property, understanding that its fundamental objectives include teaching, research, and meeting society’s needs. To generate substantial revenue for the Institute, it may enable its employees and students to benefit from their intellectual property. Nevertheless, the Institute acknowledges and respects academic traditions and expectations.

4. Description

1. Intellectual Property (IP) is a broad term used to describe a diverse range of knowledge-based products, including ideas, inventions, concepts, research findings, data, and methodologies, among others. It also encompasses design features, software applications, genetically modified organisms, marketing strategies, and publishable works. All of these products may be developed as a result of Institute-supported or sponsored research, industrial consultancy, or other forms of collaborative research and development. Therefore, IP represents the outcome of these endeavors.
2. Intellectual property rights (IPR) refer to the rights associated with intellectual property (IP), such as patents, registered designs, and copy rights.
3. The background of the study, as per the Indian Patent Act 1970, pertains to the technical knowledge and know-how that the partners of a joint Research and Development programme possess or control prior to the initiation of the programme in the same field as the program’s subject matter or in related disciplines that are essential for executing the program.

5. IP Ownership

1. The Institute would identify the inventors or creators who have directly contributed to the intellectual property.
2. Institute funded Research- The Institute will retain full ownership of all intellectual property rights resulting from research conducted using its resources, except in cases where such research is carried out in collaboration with other institutions/agencies or sponsored by an external agency.
3. Any intellectual property rights arising from research projects conducted on behalf of a sponsoring agency and wholly funded by them must be registered jointly in the names of both the Institute and the sponsoring agency if the sponsoring agency shares equally in the costs of securing and maintaining the IPR registration. If the sponsoring agency declines to submit a joint IPR application, the Institute may file the application with sole ownership and assume all related expenses. When the sponsoring agency pays just a part of the research activities or when many sponsors contribute to the same project, the pooling of intellectual property rights will be determined via mutual negotiations and appropriate agreements.
4. In case the funding agency is an industry the industry may opt the given options for sharing the IPR with CARE:
   1. As per the agreement between the Institute and the sponsoring industry, the ownership of the intellectual property rights will be retained by the industry, but they must make an initial lump sum payment and pay reasonable yearly royalties to the Institute for a predetermined time in exchange for their involvement in the project. The conditions of IPR ownership will be governed by a prior agreement between the Institute and the sponsoring industry. The sponsoring industry may choose to retain either exclusive or non-exclusive ownership of the IPR. If the industrial sponsor fails to utilize the IPR within a mutually agreed time frame, the Institute reserves the right to authorize third-party exploitation.
   2. When the Institute retains ownership of the intellectual property rights (IPR), the industrial sponsor may still retain exploitation rights, either exclusively or non-exclusively, in exchange for an initial lump sum payment and recurring yearly royalties for a predetermined time or other advantages to the Institute. However, if the industrial sponsor fails to utilize the IPR within a mutually agreed time limit, third-party exploitation may be authorized. The Institute will also maintain the right to utilize the data for additional research and development purposes.
5. Joint Research- If the intellectual property is the result of collaborative research conducted by Institute workers with other organizations/agencies/individuals, the Institute and the collaborators will jointly own the IP. The Institute and partners shall split the costs of filing and maintaining the IPR, as well as the money earned by its commercial use, according to an agreed formula. If the partners are unwilling or unable to split the expense, the Institute may choose to file and maintain the IPR on its own. In this situation, the Institute shall choose the income sharing arrangement for commercial use of the IPR.
6. Technology Transfer
   1. The Institute shall utilize reasonable efforts to commercialize the intellectual property rights acquired in its name or in partnership with other agencies, to the fullest extent feasible and without undue delay. The intellectual property will be sold through agreements that involve technology transfer, exclusive or non-exclusive licensing, and income sharing.
   2. The Institute will make reasonable approach to identify potential licensees for the commercial use of intellectual property (IP) in which it is the only owner. If joint ownership is established, the Institute will retain the first right to commercialize the joint intellectual property, regardless of whether it is legally protected by a patent (s). Licensing in this case would require the payment of a one-time technology transfer fee and royalty payments beginning on the first day of commercial exploitation and continuing for a mutually determined period of time. If the partner chooses not to use this option, the Institute will commercialize the IP in any manner it deems fit.
   3. The Institute may licence the intellectual property to a third party if the other organisation or company does not commence commercial exploitation of the technology within two years of its original production.
   4. The costs that the assignee must pay to the Institute include all patenting and licensing expenditures, as well as an appropriate percentage of royalties, equity, or other value earned by the inventor(s) or creator (s).
   5. The Institute’s goal would be to profit from its employees’ intellectual property (IP) creations, either by doing it on its own or by hiring a Technology Management Agency. After a certain holding time, the inventor(s)/creator(s) may request that the Institute award the rights to them.

6. Conflict of Interest

The inventor(s) must disclose any possible conflict of interest if they and/or their close family members own shares in a licensee or potential licensee firm.

A licensing or assignment of patent rights to a corporation in which the inventor(s) own a share must be approved by the IPR Cell.

7. Dispute Resolution

In the event of a disagreement between the Institute and the inventors about the Institute’s enforcement of the IP policy, the offended party may appeal to the Institute’s Chancellor. Efforts will be established to solve the offended party’s concerns. In this case, the Chancellor’s opinion would be ultimate and irrefutable.

8. IPR Policy Application

This policy must be considered a component of the terms and conditions of employment for all Institute employees and distinct from the terms and conditions of enrollment and attendance for Institute students, students in the process of enrolling, as well as all present staff and students. In addition, the Institute reserves the right to make changes to the IPR Policy when deemed necessary or appropriate. All prospective creators who engage in sponsored research and/or use Institute-supported resources must adhere to this policy and embrace the Institute’s stated principles of intellectual property ownership, unless the Institute gives a written exemption.

9. Right to IP Policy Regulation

Policy interpretation, dispute resolution, policy enforcement, and periodic policy revision recommendations to the Chancellor by way of the Registrar and Vice Chancellor shall be the purview of the IPR Cell. The Chancellor will evaluate these amendments and suggestions before making any final decisions. Every three years or sooner if there is a major shift in national policy, the IPR policy may be updated.

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)

Chettinad Academy of Research and Education

Institution Innovation Council (IIC)