Transfer of Technology

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Transfer of Technology

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Transfer of Technology

  1. 1. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com TRANSFER OF TECHNOLOGY T.S.Sundaram SASTRA University
  2. 2. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com TERMINOLOGY •The Black’s law dictionary technology transfer is defined as “Assigning technological intellectual property that is developed in one place and sending it to another by legal means”, “Process of turning technological and scientific advances into a marketable service or good“ •The modus operandi of technology transfer is applying and
  3. 3. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com METHODS FACILITATING TRANSFER•Firstly from laboratory or scientific establishment to the students of technology; •secondly is way of general knowledge of production of the product; •thirdly when new technology is introduced in the market;
  4. 4. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com •the fourthly by commercial transfer; • The other possible way is by licensing the technology for a limited period of time on payment of royalties or fees.
  5. 5. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com PROS & CONS OF TECH TRANSFER •PROS: •Sustainable growth •Competitive advantage for a company or firm •Give rise to new products with public and private needs in mind leading to fresher and larger market
  6. 6. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com •Helps to enter foreign markets with ease, reduces costs and risks • A more efficient way to do things, and these processes get results • Helps in research & development (R&D)
  7. 7. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com CONS: •increases the human dependency on machines for their daily survival •leads to automation in a lot of sectors •which leads drastic reduction of employment rate
  8. 8. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com FINANCIAL IMPLICATIONS OF TRANSFER•Transfer of technology gives rise to consideration which is liable to be taxed •Technology is transferable as Tangible assets, intangible property and knowledge and skill.
  9. 9. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com •This transfer may take place by change in ownership (or) licensing (or) by providing the service for which the payment is in form of sale price in money (or) type of recurring payment (or) of fees for service rendered.
  10. 10. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com Hence tax on transfer of technology can be charged under: • Business profits • Fees, rents and royalties • Dividends and capital gains • Employee salaries
  11. 11. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com CONCLU •Astechnologytransferplaysan portantroleindevelopmentitis nsideredasthepathtomove ardsgoalofachievingfull velopment.
  12. 12. CHENNAI 3rd Floor, ‘Creative Enclave’, 148-150, Luz Church Road, Mylapore, Chennai - 600 004. Tel: +91 - 44 - 2498 4821 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 6546 2400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Suite 132 & 133, Level 1, Midtown, Road No 1, Banjara Hills, Hyderabad - 500034. Tel: +91 - 40 - 6050 6009 EMAIL info@altacit.com WEBSITE www.altacit.com THANK YOU

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