National Innovation and Start-up Policy (NISP)

Vision:

The 'National Student and Faculty Startup Policy-2019' is initiated by MHRD’s Innovation Cell and AICTE. It is a guiding framework to envision an educational system oriented towards start-ups and entrepreneurship opportunities for student and faculties.

The guidelines provide ways for developing entrepreneurial agenda, managing Intellectual Property Rights (IPR) ownership, technology licensing and equity sharing in Start-ups or enterprises established by faculty and student and encourage them to actively pursue path of innovation and entrepreneurship

Our vision is to develop high quality technical human resource capable of doing cutting edge research and innovation and deep-tech entrepreneurship.

Mission:

  • To establish vibrant and dynamic Startup Ecosystem across all the departments.

  • To enable the institute to actively engage students, faculties and staff in innovation and entrepreneurship related activities.

  • To create a space for Collaboration, Co-creation, Business Relationships and Knowledge Exchange.

  • To facilitate the institute in terms of Intellectual Property (IP) ownership management, technology licensing and equity sharing.

Objectives:

  • Innovation Development

  • Entrepreneurship Exposure and Skills Development

  • Support Facilities for Start-up Services

  • Inter-Institutional Partnership

  • Network with Regional and National Start-up Eco-System

  • Industry Support, Corporate & Private Partnership Linkage

  • Technology Commercialization

Short-term Goals:

  • Developing critical thinking skills to motivate students and faculties with entrepreneurial abilities.

  • Building Innovation and Incubation ecosystem by providing resources available at the Institute.

  • In-house competency development to serve potentiality to the incubators.

  • Strengthen the intra and inter institutional linkage with ecosystem enablers at different levels.

  • Defining Key Performance Indicators (KPIs) for Entrepreneurial Performance Impact Assessment.

Long-term Goals:

  • Innovation, Pre-incubation, Incubation and startup facilities on the campus

  • Academic courses offered by the institute on Innovation, IPR and Start-ups

  • Obtaining scientific and technical patents by Incubators and Startups

  • Collaboration, Co-Creation and Technology Exchange and Commercialization

  • Emerging successful Innovation and Start-ups from the Institute

  • Increase technical employment rate through self-employment by Startups

  • Developing Key Performance Indicators (KPIs) for Entrepreneurial Performance Impact Assessment.

  • Creating societal, ethical and technological entrepreneurs through National Innovation and Start-up Policy.

Deliverables:

  • Inculcating awareness on Innovation and Start-ups among students and faculties

  • Imparting education on Innovation and Entrepreneurship development

  • Providing State-of-art facilities

  • Enterprise Support from Corporate Social Responsibility(CSR)

  • Arena with skilled professionals to make Industry ready.

  • Constituting Advisory Services Committee to address grievances

  • Promoting active Research & Advocacy

  • Inter-Department linkages and Inter-Institutional Linkages

 

Thrust Areas of NISP 2019 

  1. Strategies and Governance for Promoting Innovation & Entrepreneurship

    • Creating Innovation Pipeline and Pathways for Entrepreneurs.

    • Building Organizational Capacity, Human Resources and Incentives.

    • Collaboration Co-creation and Business Relationship and Knowledge Exchange. 

  2. Norms for Faculty and Students Driven Innovations and Startups

    • Incentivizing Students for Innovation and Entrepreneurship

    • Incentivizing Faculties & Staff for Innovation and Entrepreneurship

    • Norms for Faculty Startup

  3. Incubation & Pre-Incubation Support Facility Creation and Access

  4. IP Ownership Rights for Technologies Developed at Higher Educational Institutions.

  5. Pedagogy and Learning Interventions for Entrepreneurship Development

  6. Entrepreneurial Performance Impact Assessment.