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.

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.

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

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