Vemana Institute of Technology | Bangalore

Institute Innovation Cell(IIC)

Transforming potential into progress through hands-on learning and innovation.

National Innovation and Start-up Policy (NISP)

NISP

Vision:

The 'National Student and Faculty Start-up Policy-2019' is initiated by MHRD’s Innovation Cell and AICTE. It is a guiding framework to envision an educational system oriented toward start-ups and entrepreneurship opportunities for students 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 the path of innovation and entrepreneurship

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


Mission:

To establish a vibrant and dynamic Start-up 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.

NISP

NISP

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


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.

NISP

NISP

Deliverables:

Inculcating awareness of 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


Promotion:

Organize Workshops /Lectures/Seminars/eTalk/Boot Camp etc
Conduct Online and Class Room Education and Training& Mentoring
Integration of Experiential Learning
Establishment of Start-up Cell
Scout, Recognize Support Ideas, Innovation and Startups
Innovation and Start-up Repository Build-up
Setup Advisory Service Expert Pool
Training-FDPs and EDPs
Incentives for experts from Industry
Research Studies and Advocacy Programs
Mentor, Start-up Cell Network, Business & Referral Service
Convergence and Leverage for Govt. Schemes and Programs
Organize National and Regional Level Events

NISP

NISP

Thrust Areas of NISP 2019

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

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

Incubation & Pre-Incubation Support Facility Creation and Access

IP Ownership Rights for Technologies Developed at Higher Educational Institutions.

Pedagogy and Learning Interventions for Entrepreneurship Development

Entrepreneurial Performance Impact Assessment

Online Admission 2025-26

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