This Memorandum of Understanding (MOU) is made between Methodist College of Engineering and Technology(A) located in Hyderabad, India and Broadrange AI, LLC an IT company in Northbrook, IL USA. Methodist College of Engineering and Technology(A) and Broadrange Al LLC are each a "Party" and together are referred to as the "Parties".
Purpose
1. Create projects from customers, in-house R&D product engineering, training, project guidance, and product development to the MCET(A) students assigned by the MCET(A).
2. Ensure that all intellectual property (IP) generated is 100% owned by the Company.
3. Allocation of student headcount and provide infrastructure support, will be owned by Methodist College of Engineering and Technology(A). MCET(A) should Identify Single Point of
Contact to work with Broadrange Al.
4. When required Broadrange Al will help MCET(A) to design curriculum for Generative Al and RPA as needed, with the cost being covered by Methodist College of Engineering and
Technology(A).
5. Broadrange Al will Support Government funded projects on Generative Al and RPA with mutual agreement on funding between parties.
Types of Cooperative Activities:
The scope of partnership to be pursued includes but is not limited to the following:
1. Access to Broadrange Al: Generative Al Projects for MCET(A) students both for their Projects Internship opportunity (non-paid), those students assigned from MCET(A). Interns will be involved
(but not limited) in user behavior and Broadrange Al usage patterns analytics including research studies, product testing, etc.
2. MCE(A) to assign a responsible faculty member to coordinate the partnership at its end
3. Both parties can use the name of the other Party in any advertisement, press release, or publicity.
4. The internship program is to last 1-3 months with possible extension.
5. Broadrange Al Generative AI, RPA training and Projects free of charge for ALL MCET(A) students at least for the period of internship.
 

Memorandum of Understanding Between "PRAGYATMIKA, The Power of Intelligence" and Methodist College of Engineering and Technology on April 25th, 2023 (Tuesday)