Innovation Exchange
You are not just a talent supplier. You are an innovation partner — once industry can actually book you.
Every university has four assets industry needs and cannot reach: student teams, laboratory infrastructure, faculty expertise and IP generation capacity. The Innovation Exchange is the marketplace that makes all four bookable.
- 4 sub-modules
- Non-tuition revenue
- NAAC Criterion 3 & 6 evidence
Four ways industry engages you
One public catalogue. Four revenue lines.
Student Project Marketplace
Companies post real business challenges as semester-long projects. Student teams take them, supervised by faculty, and earn credit at the highest cognitive levels.
- A project fee paid to the institution, with the majority going directly to the student team and their supervising faculty member
- Matching runs on the combined outcome profile of the team, not on who applied first
- Fourteen-week lifecycle with company milestone reviews at weeks 4, 8 and 12
- Four standard IP templates — institution-owned, joint, company-owned, or startup spin-off
Faculty Consulting Marketplace
Companies post consulting requirements. Your faculty bid. The platform handles the agreement, the escrow and the quality review.
- Typical engagement ₹40,000 to ₹80,000 for four to six weeks
- Standard NDA and engagement agreement templates, so nothing waits on legal
- Milestone escrow — 50% upfront, 50% on delivery
- The platform fee comes out of the company payment, never out of the faculty member’s quoted rate
Lab & Infrastructure Listing
List the equipment your institution already owns and industry cannot justify buying. An MSME that needs a two-week stress test becomes a paying customer.
- You set the hourly and daily rate, and the availability windows
- The overwhelming majority of every booking fee stays with your institution
- Lab technician time included; faculty supervision billed separately if offered
- Every booking is NAAC-reportable as industry-academia collaboration
IP Co-Creation Programme
A company and your institution jointly develop something novel, with the ownership split agreed before work begins.
- Four standard IP models, reviewed by IP counsel and registered as DPIIT templates
- A private project workspace with version-controlled deliverables and tracked milestones
- Patent filing support through Udgam's network of patent agents on completion
- A small, time-limited share of commercialisation revenue — agreed before any work begins
What one project looks like
A manufacturer's problem becomes a student team's semester.
Predictive maintenance for CNC machines
| Field | Value |
|---|---|
| Company | A mid-size electrical manufacturer, Innovation Partner tier |
| Domain | Manufacturing, machine learning |
| Deliverable | Working prototype plus documentation |
| Timeline | 14 weeks, semester-aligned |
| Team | 3–5 students, faculty supervision required |
| Project fee | ₹30,000 to the institution |
| IP terms | Institution retains IP; company gets a usage licence |
Where the fee goes
- Student teamThe largest share
- Supervising facultyAn honorarium
- InstitutionA retained share
What the institution also gets
- Documented industry-academia integration for NAAC Criterion 3
- Create-level outcome attainment for every student on the team — the rarest and highest-value evidence in the SAR
- A live relationship with a company that now has a reason to recruit from you
Project lifecycle
Fourteen weeks, with the checkpoints written in.
Week 1 — Kickoff
Team formation, NDA signing, scope confirmation with the company.Week 4 — First milestone
The company reviews progress and confirms direction.Week 8 — Second milestone
Pivots permitted with company approval. Faculty supervisor signs off.Week 12 — Final submission
Deliverable and presentation submitted through the platform.Week 14 — Close
Company rating recorded, outcome credits posted, honorarium disbursed.
Why this matters beyond your balance sheet
India publishes far more research than it commercialises.
MSMEs in India, most with no R&D capacity of any kind
faculty members whose domain expertise currently has no structured channel to industry
of every lab booking fee that stays with your institution
When India begins to own the IP it creates — not just manufacture products designed elsewhere — the economic returns compound in a fundamentally different way.
Innovative Projects
Real business problems. Real student teams. Real outcomes.
Co-working
Universities and industry, working on the same problems at the same time.
Viksit Bharat
Every student placed is one more proof that $30 trillion is possible.
Universities
Keep exploring
- Why Udgam for UniversitiesPlacements rise. Accreditation automates. Faculty stay.Read
- OBE & AccreditationNBA SAR and NAAC criteria, generated from live data.Read
- Placement Intelligence DashboardEight metrics your dean can report upward in 60 seconds.Read
- Faculty Development EngineAICTE-aligned FDP tracks that make faculty want to stay.Read
- Founding Institution ProgrammeThree-year preferred pricing, locked in.Read
Innovation Exchange
List what you already own.
Your labs are idle after six in the evening. Your faculty have expertise no company can find. Your students need real problems. All three are solvable this semester.