Mech World Eco, Mr. Biren Shah - IRCC

Partnering with IIT
Bombay for Research
and Development
Biren Shah
Invention is Easy


The hard part is :
Technology dissemination.

Getting the technology and products to the people who
need them most.

Higher upfront cost of Technology
Hence industry is skeptical when they hear
about the product that will change the world.
IIT B Combats the
Hard Part and one
gets more from less

Reasonable upfront Cost for technology
demonstration.

Technologies are highly efficient and cost effective.
(low Capex and Opex to customer with quick ROI)

Timely Demonstration of selected product or
sponsored Research.

Sponsoring Industry has first right for
commercializing.

Flexible royalty in case of patented products.

Simple Licensing agreements and policies.
Our Experience
We have licensed couple of Technologies from Prof.
Milind Rane of Heat pump Lab, IIT B.

Assistance in selection of right technologies and
providing overall market perspective with
estimated commercialisation price.

Affordable Research and Development cost

Committed deadline for demonstration.

On licensing, adequate technology transfer
procedures were followed.

Persistent support on various application
engineering post technology transfer.
Commercialisation

Mech World Eco has completed pilots and
proof of concept in less than 12 months for all
following licensed products.

Multiutility Heat Pump

Air To Water

Water To Water

Desuperheater (waste heat recovery) / Pre chillers

Evaporating Condenser for Dehumidification

Solar Steam Generator

Solar Air Conditioner
Weighted Deduction on
R&D

Income Tax Act 1961 provides weighted deduction
u/s 35 (2AA) to the extent of 200%

Qualifying Criteria

Sum is paid to Indian Institute of Technology

Such payment is made with a specific direction

Used for scientific research

Approved by the prescribed authority : - i.e. Dean
R&D

We claimed weighted deduction for A.Y. 2011 2012 @ 175% and for A.Y. 2011-2012 @ 200%.

This deduction was availed to us in 48 hours by
submitting one form and without red tapism.
Necessity
Partner
with
IIT B
Destiny
Value
Idea
Action