On 16th April 2016, ICAR-CIFE signed MoU with Hyderabad based TEEWAVE Technologies for transfer of its innovative Eco-hatchery technology for carp seed production. Dr. Gopalkrishna, Director, CIFE and Mr. Narasimham, Chairman, TEEWAVE Technologies signed the MoU on behalf of CIFE and TEEWAVE. Dr. Dilip Kumar, former Director, CIFE graced the occasion as Guest of Honour and lauded the research efforts having fructified and being taken to entrepreneurs and farmers. The inventing scientists Dr. A.K.Verma and Dr. V.K.Tiwari briefed about the advantages of Eco-hatchery as compared to the existing carp hatchery technologies. The Heads of Divisions, Registrar, CFAO, members of Institute Technology Management Unit were present.
As per MoU, TEEWAVE Technologies would manufacture the ‘ICAR-CIFE Eco-Hatchery’ with technical support from CIFE and market it across India. TEEWAVE would pay onetime technology transfer fee as well as royalty on number of units being sold. The agreement is valid for seven years. It may be noted that a patent application (Application Number: 3042MUM/ 2013; Date of filing: 23.09.2013) has already been filed.