KIET owed IP
- In the case of provisional patent application the initial processing fees of Rs. 25000/- or actual, whichever is lesser will be paid by KIET.
- Also, in the case when the patent is commercialized, its patent shall be shared among the inventors and KIET in the ratio of 80:20.
- The inventors among themselves shall decide the share among the inventors.
- Incentive claims under Research Incentive Schemes (RIS) of KIET must be made within a month of filing with the patent in the prescribed form. (Annexure IX).
Any revenue proceeds from the commercialization of joint IP would be shared between KIET in the ratio of 60:40. In the event, provisional and complete patent filling expenses shall be shared 50:50 by both the party and ownership will be jointly in the name of KIET & the inventor.