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How can I benefit

How can I benefit
Build your dream Project
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Sky is the limit,Your patent may not be safe , but your royalty with Diac is assured

I have an Idea , which I think can be commercialized 

Idea                        Better warning system for car owners regarding defects in car.

Current Status      Visual Indicators, Driver does not pay heed.

Proposed                An advance system to take care of this problem.

Now, after NDA's and agreements with you, DIAC takes up this idea, implements a professional solution
 
S . No Diac Resources  Activity
1 Product development 

Tech standards

Roping partners (OEM's) for joint development activity

Trials & testings

Interaction with Govt departments

2 Marketing

Representation to prospective clients

Go in for OEM Endorsements

Initial product representation thru Franchisees 

3 IPR handling Patents registration for the product , conceptual based , on idea
4 Implementation Ensures setting up an activity based business plan & strives on to achieve the plan
5 Your Partnership with DIAC 

You are entitled for royality 

You do not have to invest financially

You can also develop yourself as an entrepreneur

Your royalty can look like -

Product Cost of Product  Annual Volumes in India ( estimated) % of volumes targeted Add on cost of your concept Royalty  Earnings / annum
Automobiles - Car Rs 3 Lacs 5,00,000 30% Rs 1000 Rs 10  Rs 15 Lacs
Detergent Powder Rs 40/- 1 Crore 25% Rs 1 Rs 0.10 Rs 2.5 Lacs
 
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Last modified: 09/18/08