Intellectual Property (IP) Policy
Protecting Ideas, Promoting Innovation
At Horizon College of Engineering, we encourage and support the spirit of innovation, creativity, and original research among our students, faculty, and staff. Our Intellectual Property (IP) Policy provides a clear framework for the ownership, protection, and commercialization of intellectual property developed within the institution.
This policy ensures that creators receive due recognition and that innovations contribute to societal and technological progress.
Objectives of the IP Policy:
- To foster an ecosystem that supports innovation, invention, and creative work
- To define the rights and responsibilities of the institution and inventors in managing intellectual property
- To provide guidance on patent filing, copyright registration, trademarks, and IP commercialization
- To ensure compliance with national IP laws and international best practices
- To encourage industry collaborations, licensing, and startup development based on institutional IP
Scope of the Policy:
- Patents (inventions, processes, and systems)
- Copyrights (software, books, educational content, artworks)
- Trademarks and logos
- Designs and integrated circuits
- Trade secrets and confidential know-how
Ownership & Rights:
- Intellectual Property created using substantial institutional resources (labs, funding, facilities) will be jointly owned by the inventor(s) and Horizon College.
- If developed independently without institutional support, the IP will be solely owned by the creator.
- For collaborative work with external entities, ownership will be governed by the terms of the MoU or funding agreement.
Filing and Protection Process:
- Submit the Invention Disclosure Form (IDF) to the R&D or IP Cell
- Initial review by the IP Evaluation Committee
- Filing of IP application through a registered IP attorney or directly via IP India portal
- Monitoring, prosecution, and publication of application
- Regular updates shared with the inventor(s)
Commercialization & Revenue Sharing:
- The institution actively supports licensing, technology transfer, and startup incubation
- Net revenue generated from commercialized IP will be shared as follows (standard model):
- Inventor(s): 60%
- Institution: 40% (for reinvestment in R&D and innovation activities)
Responsibilities of the Inventor:
- Maintain confidentiality until IP is filed
- Avoid disclosure through publications or presentations before filing
- Cooperate with the IP Cell and legal advisors during the filing and prosecution process
Dispute Resolution:
Any conflict regarding IP ownership, revenue sharing, or authorship will be reviewed by the IP Dispute Committee, and final decisions rest with the Principal/Director of the institution