National Innovation and Startup Policy (NISP)

Vision

Our vision is to create an environment that is conducive for Innovation and Entrepreneurship among students, faculty and guide them towards successful start-ups and enterprises and cutting edge research.

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.

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 the potentiality of 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 start-up facilities on the campus
• Academic courses offered by the institute on Innovation, IPR and Start-ups
• Obtaining scientific and technical patents by Incubators and Start-ups
• 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 Start-ups
• 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 and research among students and faculties
• Imparting education on Innovation and Entrepreneurship development Providing State-of-art facilities
• 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 Start-ups
• 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

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 Start-ups
   • Incentivizing Students for Innovation and Entrepreneurship
   • Incentivizing Faculties & Staff for Innovation and Entrepreneurship
3. Incubation & Pre-Incubation Support Facility Creation and Access
4. Pedagogy and Learning Interventions for Entrepreneurship Development
5. Entrepreneurial Performance Impact Assessment

Processes and Mechanisms

Incubation support 

• Creating facilities within the institution for supporting pre-incubationand Incubation/ acceleration by mobilizing resources from internal and external sources.
• Provide business incubation facilities.
• Laboratories,
• Research facilities,
• IT services,
• Training and Mentoring Services, etc.

Student support 

• Induction program about the importance of I&E to be conducted the first year students. So that freshly inducted students are made aware about the entrepreneurial agenda of the institute and available support systems
• Student clubs/ committees/ departments for organizing competitions, boot camps, workshops, awards, etc.

Faculty Support

• Institute would recruit staff that has strong innovation and entrepreneurial/ industrial experience, behaviour, and attitude. This will help in fostering an Innovation and Entrepreneurship culture.
• 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) 

Networking or Collaborating Support

• Providing support to students who show potential, in the pre-startup phase to link their start-ups and companies with a wider entrepreneurial ecosystem
• Networking events to be organized to create a platform for budding entrepreneurs to meet investors and pitch their ideas.
• Establishing a Start-up and Entrepreneur ecosystem with Collaboration, Co-creation, Business Relationships, and Knowledge Exchange.

NISP Implementation Committee

A committee has been formed by identifying the experts having expertise and experience in the domain of innovation and start-up to start the work of policy formation and implementation of guidelines at the institute.