National Innovation and Startup Policy (NISP)


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.


  • 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.


  • 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.


  • 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


  • 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. 

S.NO Name of the Faculty/Student Domain
1Pooja SahuSocial Media coordinator
2Spandita SarafInternship coordinator
3Jharana MishraConvenor
4Durgesh SatpathyARIIA Coordinator
5Spandita SarafStartup Activity coordinator
6Rohit SahooInternship coordinator Member
7Rani NayakStartup Activity coordinator
8Tirajraj NaikSocial Media coordinator
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