NISP Policy
Vision
The ‘National Student and Faculty Startup Policy-2019’ is initiated by MHRD’s Innovation Cell and AICTE.
The guidelines provide ways for developing entrepreneurial agenda.
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.
Thrust Areas of NISP
- 01 Strategies and Governance for Promoting Innovation & Entrepreneurship
- 02 Creating Innovation Pipeline and Pathways for Entrepreneurs
- 03 Building Organizational Capacity, Human Resources, and Incentives
- 04 Collaboration, Co-creation, and Business Relationships and Knowledge Exchange
- 05 Norms for Faculty and Students Driven Innovations and Startups
- 06 Incentivizing Students for Innovation and Entrepreneurship
- 07 Incentivizing Faculties & Staff for Innovation and Entrepreneurship
- 08 Norms for Faculty Startups
- 09 Incubation & Pre-Incubation Support Facility Creation and Access
- 10 IP Ownership Rights for Technologies Developed at Higher Educational Institutions
- 11 Pedagogy and Learning Interventions for Entrepreneurship Development
- 12 Entrepreneurial Performance Impact Assessment
Institute Policy
NCET Policy
The National Innovation and Startup Policy 2022 for students and faculty - NCET.
Operational Excellence & Strategic Implementation
Detailed breakdown of our objectives, goals, and institutional deliverables for the NISP framework.
INCUBATION STUDENT & FACULTY SUPPORT
Incubation Support
- Setting up a start-up and allowing students, faculty, and research staff to work part-time for the start-ups while studying/working.
- Creating facilities within the institution for supporting pre-incubation (e.g., IICs as per the guidelines by MHRD’s Innovation Cell, EDC, IEDC, New-Gen IEDC, Innovation Cell, Startup Cell, Student Clubs, etc.) and Incubation/acceleration by mobilizing resources from internal and external sources.
- Provide business incubation facilities: Premises at subsidized cost, Laboratories, Research facilities, IT services.
- Training and Mentoring Services, etc.
- Licensing of IPR from institute to start-up.
Student Support
- Induction program about the importance of I&E to be conducted for first-year students.
- Supporting the students in terms of providing addresses for their Incubation cell, Semester break, attendance, and accommodation.
- Student clubs/bodies/departments must be created for organizing competitions, boot camps, workshops, awards, etc.
- ‘Innovation & Entrepreneurship Award’ to recognize outstanding ideas, successful enterprises, and contributors.
- Innovation champions would be nominated within the students/faculty/staff for each department/stream of study.
Faculty Support
- Institute should recruit staff that have a strong innovation and entrepreneurial/industrial experience.
- Faculty and departments of the institutes have to work in coherence and cross-departmental linkages.
- Faculty and staff should be encouraged to do courses on innovation, entrepreneurship management, and venture development.
- Guest Lectures by Subject Matter Experts (SME).
Course Design in MBA
- Teaching methods should include case studies on business failure and real-life experience reports by start-ups.
- Pedagogical changes to ensure student projects are based around real-life challenges.
- Short-term/six-month/one-year part-time entrepreneurship training.
- Designing courses in technology development, ideation, creativity, design thinking, fundraising, financial management, etc.
Networking or Collaborating Support
- Institute may link startups to other seed-fund providers/angel funds/venture funds.
- Providing support to students who show potential in the pre-startup phase.
- Networking events to be organized to meet investors and pitch ideas.
- Establishing a Start-up and Entrepreneur ecosystem with Collaboration, Co-creation, Business Relationships, and Knowledge Exchange.