NISP

The National Innovation and Start-up Policy 2019 intends to guide HEIs to promote student driven innovations & start-ups and to engage the students and faculty in innovation and start up activities in campus.The policy aims at enabling HEIs to build, streamline and strengthen the innovation and entrepreneurial ecosystem in campus and will be instrumental in leveraging the potential of science, student’s creative problem solving and entrepreneurial mind-set, and promoting a strong intra and inter-institutional partnerships with ecosystem enablers and different stakeholders at regional, national and international level.The entrepreneurial ecosystem in HEIs will play key role in identifying, mentoring, nurturing innovative and entrepreneurial potential of students, faculty and staff and transforming them into start-up entrepreneurs by provided avenues of funding, investment opportunities and networking support to make the innovation and venture successful.

India aspires to become 5 trillion-dollar economy by 2024. To reach the mark, it needs to evolve systems and mechanisms to convert the present demographic dividend into high quality technical human resource capable of doing cutting edge research and innovation and deep-tech entrepreneurship.The ‘National Student and Faculty Startup policy 2019’ is a guiding framework to envision an educational system oriented towards startups and entrepreneurship opportunities for student and faculties. The guidelines provide ways to Indian HEIs for developing entrepreneurial agenda, managing Intellectual Property Rights (IPR) ownership, technology licensing and equity sharing in Startups or enterprises established by faculty and students.In India, innovation is still not the epicenter of education. In order to achieve the cultural and attitudinal shift and to ensure that ‘Innovation and Startup’ culture is the primary fulcrum of our higher education system a policy framework and guidelines are the need of this hour. These guidelines will enable institutions to actively support their faculty, staff and students to participate in innovation and entrepreneurship (I&E) related activities, thus encouraging students and faculty to consider start ups and entrepreneurship as a career option. These recommendations and guiding principles will also help HEIs in creating their own policy framework, if required.Moreover, these guidelines will facilitate Ministry of Human Resource Development in bringing uniformity across HEIs in terms of IPR ownership management, technology licensing and institutional startups policy, thus enabling creation of a robust innovation and Startup ecosystem across all HEIs. These guidelines will also help emphasize that the entrepreneurship is all about creating a business, which is financially successful.National Innovation and Start-up Policy 2019 for students and faculty for implementation and adoption in both technical and non-technical HEIs across the country. Hon’ble minister of Human Resource Development has launched the ‘National Innovation and Start-up Policy 2019 for students and faculty’ on 11th September 2019 at AICTE, New Delhi. The Policy will be implemented by MoE’s Innovation Cell and in coordination AICTE, UGC, state governments & UTs and universities, policy will be taken to ground for quick adoption by HEIs.This journey began on 16th November 2016, when AICTE launched the first version of policy in the hands of the then Hon’ble President of India Shri Pranab Mukherjee aiming at 10,000 AICTE approved technical institutions spread in almost 600+ districts of the country and approximately 80 lakh technical students and 7 lakh faculty members in accordance with Government of India’s “Start-up India” Action plan launched on 16th January 2016. The present policy is a way forward to the earlier version of AICTE’s Start-up Policy being implemented by the AICTE Start-up Policy Implementation Committee.The present policy highlights various important and practical aspects of

• Promoting and supporting innovation,
• Technology commercialization and startup in academic setup.
• Pre-incubation and incubation support system in campus.
• Incentives for faculty and students involved in innovation and startups
• Suggests mechanisms in the areas of IP ownership, revenue sharing, equity sharing between institutes and incubated start-ups.

State Level Innovation Policy Telangana, the newest state of India, has been a hot bed of technology innovation owing to its rapid growth as a leader in the Information Technology (IT) sector. The state has traditionally been highly entrepreneurial with a major segment of its population relying on individual enterprises and unorganized businesses to earn a living. Also, for a few decades now, a considerable chunk of graduating students from Telangana – which boasts of one of the highest volumes of graduating students’ annually, have pursued higher degrees internationally and established themselves as significant figures across sectors and industries globally. Having identified some key enablers for innovation, such as promoting experimentation and competition, grass roots skilling, and the development of multiple funding models, and a supportive ecosystem, the state strives to now create an innovation-friendly atmosphere by bringing to bear these key enablers. Telangana, India’s most exciting startup, aims to promote innovation and entrepreneurship, leveraging upon its natural demographic assets as well as its base of skilled technology and research professionals.The Innovation Policy of the Government of Telangana is based around five broad pillars

• Developing physical infrastructure & program management capabilities
• Focus on creating sustainable funding models, through funds and other instruments
• Develop human capital, by creating the right environment and support systems for learning, experimentation and innovation from the early phases of education
• Proactive engagement with industry to continuously promote and identify innovation
• Encourage startups in the Rural and Social Enterprise space by providing additional incentives

Vision India aspires to become 5 trillion-dollar economy by 2024. To reach the mark, it needs to evolve systems and mechanisms to convert the present demographic dividend into high quality technical human resource capable of doing cutting edge research and innovation and deep-tech entrepreneurship.Objective The main objective of VJIT-National Innovation and Startup Policy (NISP) is that promoting entrepreneurship, encourage the students & faculty to startups and managing Intellectual Property Rights (IPR) ownership.