Big Capitalist

"Don't think about it. Just read the next page and you'll know." A teacher in front rolled his eyes and turned back with the document in his hand.

(6) Failure handling mechanism

Study failure definition

The failure of a research project can be divided into the following situations:

Project objectives are not achieved: for example, the planned research outputs are not delivered as planned and no reasonable extension or alternative plan can be provided.

Project budget overrun: The project budget exceeds the specified funding limit without valid reasons.

Research misconduct: such as academic misconduct, data falsification, plagiarism, etc.

What to do after failure

Fund recovery: If a research project fails to be completed on time due to research failure (including major deviation from research objectives, budget overruns, etc.), the college has the right to request the recovery of the funds that have been allocated. (Part of the research results can be discounted)

Project evaluation: If a project fails, the academy will organize experts and professors in related fields in the Magic Academic Research Association to evaluate the project, find out the reasons for the failure, and decide whether to restrict the teacher's future research funding application rights. If the failure is caused by uncontrollable factors (such as natural disasters, equipment failures, etc.), the evaluation will be more tolerant.

Failure Report: Teachers must submit a detailed failure report, stating the reasons and improvement measures. For projects that have failed more than twice, teachers need to undergo special coaching and evaluation before they can continue to apply for funding.

"Zhao! This is too cruel. If the research fails, we have to return the funds!"

"What else? Do you think the money in the academy comes from the wind? You can squander it at will?" Merlin glanced at the teacher who blurted out the question and rolled his eyes at him with some dissatisfaction.

Vice Dean Jenny thought, it seems that it has always been like this before, if the research fails, it fails, and the college has no punishment mechanism...

The more Vice Dean Jenny thought about it, the redder his face became. He looked at Merlin on his right and wondered what was wrong with this kid's brain. No wonder he could make a lot of money in the academy.

Didn’t the college’s management think of this? Of course not, but how could they possibly propose such a clause that would restrict their “benefits”?

After all, these managers have their own families behind them. Isn't it nice to take advantage of the college? Why do they have to spend their own family's money?

However, from now on, they may not be able to fleece the academy so unscrupulously. Vice Dean Jenny will definitely support the requests made by Merlin because this can save the academy a lot of gold coins.

It is obvious that what Merlin proposed are important decisions made from the perspective of the college and for the better development of the college. What are they thinking if they oppose it at this time?

Although the dean will not be involved in the management of the academy, what if? If the demigod himself takes action, the families behind them will definitely abandon them.

After all, Vice Dean Jenny can talk directly to the Dean, not to mention that... shaken teachers looked at Adrian Gate, the Dean of the Judgment Academy, a guy who only the Dean could order around.

Today's meeting might really have the support of the dean.

These teachers didn't know that Merlin chatted and laughed with the demigod dean almost every day, and they had even become "good brothers" with each other regardless of age difference. Otherwise, they would not dare to object or even complain.

After all, he is a demigod and the true master of the Arcane Academy.

"In addition to these, there are certain relevant clauses regarding the results of your research. Teachers, please read them carefully to avoid further arguments later."

After Merlin finished speaking, the teachers lowered their heads and continued to read the documents.

(7) Ownership of results

The ownership of research results is divided into two parts: college and teachers. The specific proportion varies according to the nature of research and investment:

Proportion of achievement attribution:

Completed independently by teachers: If the project is completed entirely by teachers, the achievement will be attributed to the teachers at 70% and the college at 30%.

Joint research: If there are multiple teachers or external collaborations, the share will be allocated based on participation and contribution ratio. The college usually takes 20%-40% of the share, and the rest is allocated to the participating teachers.

Intellectual Property and Economic Benefits

Intellectual property: If the research involves innovative inventions, the intellectual property rights are usually jointly owned by the school and the teachers. The teachers are responsible for use and promotion, and the school is responsible for patent application and protection.

Distribution of economic benefits: If the research results generate economic benefits (such as patent authorization, technology transfer, commercial application, etc.), the distribution ratio between the college and the teacher is as follows:

Teachers: 50%-70% (depending on the teacher's contribution)

College: 30%-50% (used to support college research funding, infrastructure construction, etc.)

The college's income is used to fund more research projects, reward teachers and improve the academic environment. The income of teachers is distributed in the form of awards, bonuses or additional research funds.

Merlin had done a good job in allocating the proportions, and the teachers found such an allocation meaningless.

And at the end of the document, there is a guaranteed authorization use clause. As long as the research results have good market potential, they will be purchased and supported by the Merlin Chamber of Commerce, the Royal Chamber of Commerce, and the Silver Moon Chamber of Commerce.

There is actually support from the three major chambers of commerce...

Wait a minute?! The Royal Chamber of Commerce is fine, it is the largest chamber of commerce in the Star Empire and also the most influential chamber of commerce in the Arcane City.

The Silver Moon Chamber of Commerce is the chamber of commerce of the elves and represents the power of the elves.

What is this Merlin Chamber of Commerce? I have never heard of it!

Merlin Chamber of Commerce...Merlin...Chamber of Commerce...The teachers suddenly looked up at Merlin, who was sitting in the middle of the conference hall. Could this Merlin Chamber of Commerce be...

Merlin noticed the teachers' gazes. He raised his head, smiled, and stood up. He took out the agreement signed by the Dawn Empire, the Eze Federal Bank, and Count Leo from his space ring and said, "I'm sure you'll be wondering what the Merlin Chamber of Commerce is that can be ranked alongside the Royal Chamber of Commerce and the Silver Moon Chamber of Commerce. Yes, it's exactly what you teachers think. The Merlin Chamber of Commerce is the chamber of commerce I founded. What I have in my hand is a certificate signed by our family, the empire we rely on, and the Eze Federal Bank!"

This guy founded a chamber of commerce? Vice Principal Jenny looked at the passionate Merlin in astonishment. You know, founding a chamber of commerce is not an easy task. It requires an assessment of the financial resources, fixed assets, strength, status, etc. of the person who founded the chamber of commerce. If one aspect is not good, then the Aize Federal Bank will not approve it.

Merlin had applied to establish a chamber of commerce a long time ago, but it had never been approved until the day he became the president of the Arcane Academy Student Union. The Aize Federal Bank agreed to Merlin's application without hesitation. One can imagine what kind of status the president of the Arcane Academy Student Union has.