Policy for revenue sharing between the Institution and the Individuals related to consultancy projects

Product development and Consultancy work are carried out by Faculty and students. Most of our faculty members are involved in interacting with Industries in the following areas.
1) Testing and Consultancy
2) Energy Audit and Leakage Audit
3) Calibration of Testing and Measuring Instruments
4) Development of Products
5) Development of IoT based devices
6) Process improvement
7) Modeling and Simulation of systems
8) Software Development

The revenue generated is shared between the institution and the individual(s) as follows:

S No	Consultancy Work	Amount given to faculty as a % of Consultancy bill
1	Carrying out the consultancy work inside  the campus	40 %
2	Carrying out the consultancy work outside  the campus	50 %
3	Testing and Consultancy	40 %
4	Products Developed by Students	10 %