Memorandum of understanding (MOU)
Industries are encouraged to request for collaborative development of new technologies. Such requests will be accepted depending on the infrastructure and the expertise available at the time. An MOU will be signed before the commencement of the project between the client and Cell.
Identifying intellectual property opportunities
The basic aim of the maintaining intellectual property policies is to promote the progress of science and technology, to assure that discoveries and inventions are used to benefit the public, to provide appropriate royalty revenues to the Cell and the inventor, and to support University research and education through the use of invention-related income. The Cell will grant to the sponsor, the right to negotiate an exclusive or nonexclusive license, based upon the level of sponsor support. In the event of a technology transfer, a payment should be paid to the Cell in order to transfer the technology.
Payments
Payments are negotiable as both direct and indirect costs are involved in some of these projects. All projects will require an advance payment to commence the work. On successful completion of the project, the outcome will be handed over upon receipt of the full payment. A technology transfer fee will be levied when transferring the technology. This will vary depending on the level of support obtained from the sponsor for the work done.