1. Policy Statement

Rajagiri College of Management and Applied Sciences is committed to building strong, sustainable partnerships with corporate and industry entities. These collaborations are aimed at enhancing the academic quality, research capabilities, and career opportunities for students while contributing to the development and innovation within the industry.

2. Purpose

The purpose of this policy is to:

1. Establish a framework for engaging with corporate and industry partners.
2. Encourage collaborations that bring mutual benefits to both the college and the industry.
3. Ensure that such collaborations are aligned with the college’s educational objectives and ethical standards.

3. Scope

This policy applies to all forms of corporate and industry collaborations including internships, research projects, guest lectures, sponsorship, and consultancy.

4. Principles of Collaboration

1. Mutual Benefit: Collaborations should offer clear benefits to both the college and the corporate/industry partner, including access to new research, professional development for students and faculty, and innovation in industry practices.
2. Integrity and Ethics: All collaborations must uphold the highest standards of integrity and ethics, respecting intellectual property rights, confidentiality, and avoiding conflicts of interest.
3. Quality and Relevance: Collaborations should enhance the quality of education and research at the college, remaining relevant to the curriculum and the needs of the industry.

5. Collaboration Framework

1. Identification and Assessment: Potential collaborations shall be identified through a systematic process, assessing their alignment with academic goals, potential benefits, and any risks.
2. Agreement and Implementation: Formal agreements detailing the scope, roles, and responsibilities, financial arrangements, and other critical aspects of the collaboration will be established. Projects shall be implemented with clear timelines and objectives.
3. Monitoring and Evaluation: Regular monitoring and evaluation will be conducted to assess the impact of the collaboration on educational outcomes and industry practices, making adjustments as necessary.
4. Financial Commitment and Sharing Ratio: All financial commitments arising from collaborations, including sponsorships and research funding, will be shared between the beneficiaries (students and faculty) and the college in a 60:40 ratio. This means 60% of the financial support will be allocated to the beneficiaries and 40% to the college to support administrative and infrastructural needs.

6. Roles and Responsibilities

1. Corporate and Industry Relations Office: A dedicated office or team within the college will facilitate, manage, and support corporate and industry collaborations.
2. Faculty and Departments: Will actively engage in identifying potential collaborations, developing projects, and integrating industry insights into the curriculum.
3. Corporate and Industry Partners: Are expected to contribute expertise, resources, and opportunities for research, internships, and employment for students.

7. Intellectual Property

The management of intellectual property arising from collaborations will be governed by the college’s Intellectual Property Policy, ensuring fair and equitable treatment for all parties.

8. Confidentiality and Data Protection

All collaborations must adhere to strict confidentiality and data protection standards to protect sensitive information and proprietary knowledge.

9. Amendments to the Policy

This policy may be reviewed and amended periodically to reflect changes in educational standards, industry requirements, and institutional goals.