Guru Teg Bahadur Institute of Management & Technology, Dakha, Ludhiana

Consultancy Policy

• Individual or group of faculty members/ students is encouraged to undertake R & D project. Management of GTB-IMT may provide seed money up to Rs 10,000 with the approval of R&D Committee and help in applying for further grants, if required, from funding agencies.
• Faculty is encouraged to undertake consultancy and R & D assignments from institutions or industries appropriate to competence of individual / group.
The faculty shall undertake such assignments with the prior approval of the Director and information to R&D Committee. The faculty may avail the administrative & infrastructure facilities of GTB-IMT for the same.
• The faculty can associate other faculty for working on the assignments.
• The Principal Investigator (PI) shall levy such consultancy charges on the beneficiary organization as appropriate in line with the quantity and quality of professional work involved.
• Depending upon the type of professional work involved in the consultancy project, the project may require the use of institutional facilities such as testing on the institutional equipment, etc (Type I project) or may not require the use of institutional facilities (Type II project).
• PI (and his team) will share the consultancy amount with GTB-IMT in the ratio of 70:30 for Type I projects and 80:20 for Type II projects.
• The member of staff associated in the project shall be paid honorarium by the PI appropriately from the consultancy amount, on approval of Director / Principal with a cap of 50% of the salary of the staff for the period of association of the staff with the project work.
• GTB-IMT will provide financial incentive of Rs 20,000/- (Rs. Twenty thousand) to faculty / team who gets patent granted for any innovation / research. There is no maximum limit on the number of patents filed by an individual / team.