Government favors 30% royalty share for innovators

Sushubh

Administrator
[OP]
Oct 29, 2004
421,798
13,192
Gurugram
Government favors 30% royalty share for innovators
The Ministry of Science & Technology is planning to recommend to the finance ministry a proposal to grant a minimum of 30% royalty share to scientists whose innovations turn into commercial products.
This proposal could be included in the budget proposals for 2007-08.
Kapil Sibal, Union Minister for Science & Technology [...]

http://business.techwhack.co/1725/royalty...for-innovators/