R&D Monetization Scheme
The IBSS Management has implemented Research Monetization Scheme for Faculty members to encourage and accelerate the research based activity in the institute. The Hon. Management has set guidelines for with its internal policies to make a beneficial outcome for every faculty member. The monetization activity includes categories like but not limited to Research publication, Research Grant, Intellectual property rights, Industrial projects, Books, Ph.D., Membership of Professional Bodies, Statutory Body (international or national), Awards and Honors, Consultancy, International recognition, etc.
The Faculty Research and Development Monetization Scheme is active since 01st January 2021. The monetization amount being paid every subsequent year based on his or her contribution.