Hyderabad: Jawaharlal Nehru Technological University-Hyderabad and Confederation of Indian Industry (CII) have signed a Memorandum of Understanding (MoU) to create IP eco-system at JHUB of the university.
With this agreement, the CII-Telangana would set up a satellite office of CII IPR Cell on the university campus which would be a single window for all IP aspects of faculty and student innovation from awareness, advisory, counselling, search, filing to agreements and commercialisation.
The MoU was exchanged by JNTU-H, Vice-Chancellor Prof A Venugopal Reddy and CII-Telangana, Chairman Sanjay Singh here on Wednesday. The agreement would help organise awareness and training programmes for students and faculty on IP right.
The MoU facilitates IP clinics where faculty and students can consult the experts on aspects related to IP protection and product commercialisation of their innovations. It will also facilitate IP search and IP filing.
Speaking on the occasion, Prof Reddy said the university was taking all necessary steps to promote innovation culture and the MoU would help faculty and students on the IP aspect of product development and industry collaboration. “The newly set up office will create strong and conducive IP eco system by way of IP clinics, counseling, search and filing of IP to protect faculty and student innovations,” he said.
Singh said the MoU would facilitate regular interaction between the industry and academia beside helps in creating awareness on IPR and added, “It will also provide a platform for sharing best practices in IP Management and help fostering IP based innovations”.