In order to encourage and promote the research culture amongst the faculty members, the management
has decided to offer the following incentives.
Consultancy Policy
Objective: To establish a framework to support consultancy activities at Methodist College of Engineering and Technology
Eligibility
- This policy applies to all faculty and staff of Methodist College of Engineering and Technology
- The faculty or staff must ensure that the consultancy work does not create a conflict of interest with the role of the faculty in the college.
Circumstances Under Which Consulting Activity May Be Permitted
- The organization requiring consultancy services from faculty or the department shall write to the Director/Principal indicating the expertise required.
- The Director/Principal on receiving the request from the organization shall inform to the department concerned.
- The head of the department shall nominate the faculty or a group of faculty having the required expertise and get permission from the Director/Principal.
- The Director/Principal will take into account such factors as the compatibility of the activity with the responsibilities and commitments of the faculty member(s), potential conflicts of interest and the use of institution resources while granting permission
- An MOU may be signed between the organization and the department towards the nature of consultancy work and the commercials
- The faculty or a group of faculty engaged in the consultancy work shall periodically report the progress of the consultancy work to the Director/Principal through the head of the department.
Publications
- Publication arising from consultancy work shall include the faculty affiliation of the college and acknowledge for the facilities used from the college.
Intellectual property Rights (IPR)
- College IPR may be used where not in conflict with rights of third parties or any commercialization plan.
Other Commercial Rules
- College facilities and resources may be used and must be charged in line with the guidelines from time to time.
- Meeting related to consultancy work with the organization(s) may be conducted in college premises.
- Tax is applicable for the revenue generated through consultancy work.
Policy for Revenue Sharing in Consultancy
- In view of encouragement the management has decided to share the revenue generated out of consultancy services to the faculty or group of faculty or non-teaching staff involved in the consultancy work as detailed below:
S. No. |
Particulars |
Faculty |
Management |
| 1. |
Use of institute space and or equipment |
60% |
40% |
| 2. |
For providing solutions/expertise to problems of the industry |
80% |
20% |