MoU executed with Instillmotion Labs for CDX framework collaboration, joint ventures and IP commercialisation
Equippp Social Impact Technologies executed an MoU with Instillmotion Labs to collaborate under its CDX framework, enable market access for products, and explore JVs, IP commercialisation and government/PSU opportunities.
By ScoutQuest · · 1 min read
- Counterparty
- Instillmotion Labs Private Limited
- Size of the agreement
- Not Applicable
- Shareholding in counterparty
- Nil
An MoU, not an order or a contract
- Equippp Social Impact Technologies has executed a Memorandum of Understanding (MoU) with Instillmotion Labs Private Limited.
- The update describes it as a framework for collaboration. Specific projects, responsibilities, commercial terms and implementation arrangements are to be mutually agreed separately.
What the two sides plan to do
- Instillmotion may act as an innovation partner under Equippp's Constituency Development Exchange (CDX) framework, proposing, developing and deploying solutions for constituency-level challenges, including through pilots and scaled deployments.
- Equippp may facilitate stakeholder engagement, market access, business development and coordination with elected representatives, government bodies, CSR organisations, investors and other stakeholders.
- Equippp may help identify, structure and facilitate joint ventures with industry organisations, PSUs and government schemes, and may participate as an equity partner, an implementation partner, or both, on mutually agreed written terms.
- The parties may explore intellectual property commercialisation, licensing and monetisation, with ownership and usage rights decided case by case under definitive agreements.
Deal particulars as disclosed
- Size of the agreement: Not Applicable.
- Shareholding in the entity the agreement is entered with: Nil.
- The counterparty is not related to the promoter, promoter group or group companies, and the transaction is not a related-party transaction.
- No shares are being issued to the counterparty and no loan arrangement is involved.
What to keep in mind
- The document sets out intent and a working framework. Revenue, timelines and binding commitments would flow from the separate agreements it contemplates.
- Any equity participation by Equippp is described as something it may do, on mutually agreed written terms.
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