Step 1: Assess your strengths and skill set

• Identify the area of expertise
• Choose the industry accordingly - need not be a large scale firm. Initially select small start-ups who will support your work
• Have a frequent email communication to identify their requirement and see if it satisfies your domain expertise
• Prepare a project proposal along with the budget and duration with milestones - Figure out what your market needs - Set your pricing
• Proposal should clearly indicate the deliverable or technology that the industry will receive from the individual faculty
• It could also be interdisciplinary - You need to have a principal and co-investigator as usual

Step 2. After scrutiny the industry accepts your proposal - sanction letter will be sent by the industry to the individual faculty
Step 3. With the sanction letter take the approval from the concerned Authority.
Step 4. Prepare a Memorandum of Understanding (MoU) - to maintain the secrecy of trade and to quantify the terms and conditions.
Step 5. Categorization of Staff based on their expertise - The first stage of the work will be completed and report submitted - you receive the first portion of the payment along with a work completion certificate for every stage. The process continues in stages till you complete the entire work.
Step 6. Once the work is completed - A letter of completion will be issued by the industry to the faculty - Skill set Elevation
Step 7. Documents to be preserved - Stay organized and deliver results

• Procedure to Seek Consultancy
• Email communications
• Detailed Proposal with budget and time schedule
• Sanction letter
• MoU
• Stage wise report consolidation
• Cheque copy /Bank Statements
• Letter of completion
• Utilization Certificate