Page 59 - IFIA_Magazine_No16
P. 59

IFIA Magazine
                                                                                                      March 2023















                           MEMORANDUM OF


                           UNDERSTANDING (MOU)

                           BETWEEN THE PARAM


                           SCIENCE EXPERIENCE


                           INTERNATIONAL FEDERATION

                           OF INVENTORS’ ASSOCIATIONS



                           Purpose: The purpose of this MOU is
                           to establish a framework for cooper-
                           ation and collaboration between The
                           Param Science Experience and IFIA in
                           promoting innovation and entrepre-
                           neurship.


                           Areas  of  Cooperation: The  parties
                           agree to cooperate in the following
                           areas:
                           (a) Organizing joint events, seminars,
                           and workshops to promote innova-
                           tion and entrepreneurship;
                           (b)  Sharing  information  and  knowl-
                           edge on innovation, technology, and
                           entrepreneurship;
                           (c) Providing mentorship and guid-
                           ance to inventors and entrepreneurs;
                           (d) Collaborating on research and
                           development projects;
                           (e) Promoting each other›s activities
                           and initiatives through social media
                           and other channels;
                           (f) Supporting the development of in-
                           novative products and technologies.
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