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In the days to come, in India, Institutions of higher learning and the faculty members working in such institutions are expected to generate their own funding to carry on with research activities.  Commercialization and licensing are important steps towards that end. NMAMIT, has entered into an MoA with National Research Development Corporation, New Delhi, for patenting and Commercialization activity. Following are the highlights of the MoA:

Financial support for patenting whenever funding is available

Identification of patents which can be commercially exploited 

Support for licensing and commercialization with profit sharing