The Bureau has a large computerised database on technology options available from
different countries. It gives the user updated information on sources of technologies
and means of accessing them. Also, background information on technology-seeking
enterprises is maintained and made available to interested technology suppliers and
It identifies business partners willing to collaborate, brings them face to face and extends
support to tie up financial assistance and other requirements for the transfer of
technology and joint ventures. Collaborating partners are further assisted in drafting
agreements, obtaining various approvals and preparation of business plans.
Depending on the cost of project, nature and quantum of assistance required, the Bureau
undertakes financial syndication through SIDBI covering term loans, foreign currency,
venture capital, lines of credit, equity assistance and on selective basis interest-free
loan to meet initial expenditure in the pre-technology absorption stage.
Regulation of Transfer of Technology 99
The Bureau offers support to small enterprises for the export of technologies and the
products manufactured by them through business tie-ups as a part of the package. To
promote international cooperation amongst SMEs, the Bureau organises overseas visits
It arranges consultancy services, visits of overseas experts for in-plant counselling:
coordinates buyer–seller meets for specific product-process technologies and represents
the business interests of small enterprises in international events.
6.5.1 Confidentiality Agreements
A confidentiality agreement is also known as a non-disclosure agreement. It is a contract
between two or more parties where the aim/subject of the agreement is a guarantee
that information transfer will be maintained in confidential/secrecy.
These agreements can be mutual or can be unilateral agreements. Mutual
confidentiality agreements are useful for inventor groups where both parties share
confidential information. On the other hand, unilateral confidentiality agreements,
are used when only one party is turning over confidential information, e.g. in the
innovation area to a prospective licensee.
These types of agreements are very much useful in TOT. The use of a confidentiality
agreement means that those who receive the information are obligated to maintain
the information in secret legally. The confidential agreements should be in writing.
However, while some court cases in some jurisdictions do allow oral creation of such
a confidential relationship but it is not recommended to rely on the oral confidential
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