PROPOSING ADDITIONS TO IPR POLICY

1. SRMIST will be the applicant of the patent filed through Centre for Intellectual Asset
Protection (CIAP), Directorate of Entrepreneurship & Innovation, SRMIST.
2. The inventor is responsible for commercializing the invention protected through IPR.
3. The inventor is responsible to share the proper contact details (both official and personal) to
the CIAP and update the contact details in terms of any change to it.
4. The inventor is responsible in responding to all the email communications sent to them by the
patent attorneys or CIAP. Failing to reply within 5 working days from the day of receiving the
email, will give the CIAP the authority to make decisions on the email communications sent
by Patent Attorneys.
5. In case of commercialization, the inventor has to update the CIAP in prior and he/she is
entitled to take the support of Centre for Intellectual Asset Protection, Directorate of
Entrepreneurship & Innovation, SRMIST.
6. The inventor has to update the CIAP through writing and the updated contact details, if they
are resigning from the SRMIST.
7. In the case of inventor resigning from the SRMIST, the inventor is solely responsible to reply
to the email communications from the patent attorney during the process of the patent filing to
granting stages. If the inventor fails to reply within 10 working days from the date of email
sent, then the applicant holds the right to assign an internal expert to respond to the emails
sent by the patent attorneys and if needed, the applicant can include the assigned internal
expert as one of the inventors.
8. In the case of inventor resigning from the SRMIST, the further payments related to the patent
process towards granting and maintenance of the patent which includes renewal of the patent
every year will be made by SRMIST as SRMIST is the applicant of the patent application.
9. In case of commercialization, it is contingent for the inventor resigned from the SRMIST to
inform the Centre for Intellectual Asset Protection about the commercialization details and
should invite SRMIST for negotiations on our share on the commercialization and failing to
do so will draw up punitive action.
10. Similarly, the applicant SRMIST is completely responsible to update the inventors if it tries to
commercialize a patent. Also, the applicant will wait for a period of 15 days for the inventor
to reply on their decision of commercialization. If no decision is received from the inventors
within 15 days since the email communication is made, then the applicant has all the rights to
proceed with the commercialization and share the monetary benefits appropriately with the
inventors further to the negotiations. This is applicable to faculty members who have resigned
from the SRMIST and the students who leave the SRMIST after their study period.
 11. If the inventor is interested in filing the IP in one or more foreign countries then he/she is
required to submit to the Centre for Intellectual Asset Protection, Directorate of
Entrepreneurship & Innovation., the commercialization strategy and a complete business
proposal of his/her invention in the countries he/she wish to apply for.
12. Further to the approval on the proposal from the inventor for PCT Application, the inventor
should bear 50% of the application cost that includes professional fees of the IP Attorney.
The remaining 50% will be paid by SRMIST. Upon the grant of the PCT patent application in
foreign countries 50% charges paid by the inventor will be reimbursed by SRMIST.

IPR RENEWAL POLICY

1. As mentioned to the earlier clause 2, the inventor is held full responsibility to commercialise
the IPR filed by them.
2. The inventor should commercialize the Granted IPR either as a technology transfer, Licensing
or through a startup within a period of 2 years from the date of Grant or within a period of 5
years from the date of filing the IPR application. Failing to do so, will lead to either deduction
in the percentage of share in case of commercialization or will lead to transfer the rights of
percentage claim completely from the inventor to SRMIST. This will be decided by a panel of
members on case to case basis. Also, the renewal fees have to be paid by the inventor if they
fail to meet the above conditions related to commercialization.

PERCENTAGE SLAB ON SHARE BETWEEN INVENTORS & SRMIST BASED ON

THE TIME PERIOD TAKEN FOR COMMERCIALISATION SINCE THE DATE OF
FILING

No. of % of Share of Inventors % of Share of SRMIST

Year
(SINCE
FILING)
Until 6 Minimum 80% Maximum 20%
Years
7th Year Minimum 60% Maximum 40%
8th Year Minimum 40% Maximum 60%
9th Year Minimum 20% Maximum 80%
10th Year 0% 100%
IDFs under process: Provisional [PS] to Direct CS
Complete specification
[CS]
50+ Filing Time limit: Filing Time limit:
2 weeks Min. 2 months
Patent filing count can be
increased in short duration
Early priority date can be Drafting takes time and priority
secured date is delayed
Inventors have up to 12 We need to file requests for
months’ time to improve / amendments with the Indian
modify the invention and Patent Office to add
provide examples (within improvements / modifications.
the scope).
Attorney fees: RKD Fees: RKD Fees:
PS: Direct CS:
Professional fees: Rs. Professional fees- Rs. 40,000.
16,000 Govt. fees – Rs. 1,600
Govt. fees: Rs. 1,600

CS:
Professional fees: Rs.
25,000

Complete specification
needs to be filed within 12
months from the date of
filing Provisional
specification.
DEI fees: PS:
Govt. fees: Rs. 1,600
Fees for preparing and filing
PS: Rs. 3000

Complete specification
needs to be filed within 12
months from the date of
filing Provisional
specification