Intellectual Property Rights (IPR): Intellectual Property Protection is critical to fostering innovation. Without protection of ideas, researchers do not reap the full benefits of their inventions and this acts as an incentive to enhance research & development. If there is any possibility that a copyright or patent application might arise from the research conducted in the college, the researcher should seek permission from the institution for further action.
In case of provisional patent application, the initial processing fees of Rs. 25000/- or actual, whichever is less will be paid by VCE.
Also in the case when patent is commercialized, its patent shall be shared among the inventors and VCE in the ratio 80:20.
The inventors among themselves shall decide the share among the inventors.
Incentive claim under Research Incentive Schemes (RIS) of VCE must be made within a month of filing with the patent in the prescribed form