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Title SRISTI’s Benefit Sharing Model
 
Details SRISTI has believed in reciprocity in all exchanges between formal and informal sector and has ensured that benefits are shared with the knowledge providers in a fair and just manner. However, not in each case that NIF or GIAN technology transfer or facilitate licensing, do the innovators agree to this framework formula. Thus, the benefit sharing formula works more as a guideline than as a rule, each innovator and traditional knowledge holder/community has the freedom to decide how do they want to mould the formula. SRISTI pursues commercial activities through SRISTI Innovations, a Sec 25 company which also follows the same framework in its deliberations. Further, if SRISTI INNOVATIONS gets any material rewards, gains or any other form of income from commercialisation, diffusion or publication of this knowledge, a reasonable part of the gains is shared with knowledge providers and their communities. The benefits generated have to be shared not only with the knowledge holders, whose insights are used in the development of the products, but also with others for conservation of biodiversity, augmentation of their creative and innovative spirit and research on related subjects. Many times some communities are discovered later having the similar knowledge, which was used for developing the products. If it is established that they had the said knowledge on the day commercial products were developed, they are added to the list of beneficiaries of the benefits, even if we discovered them late. It is not their mistake that they were scouted later. That is our inadequacy. The framework of benefit sharing ratio followed by HBN is: 1) Innovator 30%, 2) Innovation Fund 20%, 3) Research and Field Trials 15%, 4) Overhead Expenses 15%, 5) Nature 5%, 6) Women Fund 5%, 7) Community 5%, 8) Contingency Fund 5%. However, in most cases, majority of the  benefits have been shared with the innovators. www.sristiinnovations.com
 
Volume No. Honey Bee 24(4) 19, 2014

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