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Technology Management

Technology is a Greek word derived from the synthesis of two words - Techne, meaning art and Logos, meaning logic or science. Technology thus means the art of logic or the art of scientific discipline. It is the use of science based knowledge to meet a need and acts as a bridge between science and new products. Though today's pop culture associates technology and techies with computer science and associated technologies, the term is actually covers all aspects of engineering and product development, whether information technology, mechanical technology, civil technology or electrical technology. Technology is all pervasive and has naturally been commercialised. All product developments are nothing but application of technology to solve different problems faced by humans, be it a new type of soap, a new anti biotic or a new communication platform. Why Manage Technology Once technology is so closely associated with commerce, the various commercial aspects ...

Intellectual Property Regime and Licensing Decision

In my post on Planning for TechnologyTransfer I had discussed the various aspects that need to be considered while planning transfer of technology from one firm to another. One of the major aspects which influence the arrangement for transfer of technology is the Intellectual Property Right (IPR) Regime in the host country of the technology receiver. In a nut shell, intellectual property refers to creations of the mind. These may be inventions, literary and artistic works, symbols, names, images and/ or designs used in commerce. The intellectual property rights are rights that the originator of the intellectual property has over his/ her creation. They cover bundle of legal instruments which provide protection to the originator against use of their creations by other people. Each of these rights are different in scope, duration and have different purpose and different effects. However, the common feature of IPR is that these instruments delineate exclusive rights to innova...

Net Metering – Mechanism of Billing

Net metering is being pushed by the Government of India as a means to promote installation of rooftop solar power plants in India. So, what exactly is net metering? Net metering is a system in which a rooftop solar power plant is connected to the grid through a net meter. This solar power plant is permitted to feed energy into the grid when the consumption at the premises where it is installed is less than the power being generated. Let, for example, there be a factory which consumes 500 KW of power for eight hours in a day. If this plant has installed an 80 KWp solar power plant which generates electricity for five hours in a day; it will consume all the power generated by the solar plant and draw some more energy from the grid. However, on a Sunday or any other holiday, when the plant is shut down, it will still generate 80 KW of power for five hours but not consume it. In net metering, this factory is permitted to feed this energy into the grid through a net meter. ...

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