INNOVATION AND STARTUP POLICY
The ‘National Innovation and Start-up Policy 2019 for students and faculty in HEIs was launched by Former Minister of Education, Shri Ramesh Pokhriyal ‘Nishank’ on 11th September 2019 at AICTE, New Delhi.
This policy intends to guide HEIs for promoting students’ 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 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 policy is being implemented by MoE’s Innovation Cell and in coordination AICTE, UGC, state/ UT governments and universities. Implementation of policy has been undertaken for quick adoption by HEIs. The present policy is a way forward to the earlier version of AICTE’s Start-up Policy which was launched in the year 2016 to complement the Startup Action Plan under the Startup India and Stand-up India Program launched by Hon’ble Prime Minster of India.
The National Innovation and Startup Policy laid down guiding framework for HEIs and it highlights various important and practical aspects of promoting and supporting innovation, technology commercialization and startups in academic setup as mentioned below:
A – HEIs Strategies & Governance for Promoting Innovation & Entrepreneurship
A1 – Creating Innovation Pipeline and Pathways for Entrepreneurs
A2 – Building Organizational Capacity, Human Resources and Incentives to support and promote innovative and entrepreneurial activities
A3 – Collaboration, Co-creation, Business Relationship and Knowledge Exchange within campus and among the ecosystem enablers co-exist at regional and national level
B – Norms for Faculty & Students Driven Innovations and Startups
B1 – Incentivizing Students for Entrepreneurship and Startup pursuits
B3 – Incentivizing faculty and Staff for Entrepreneurship and Startup pursuits
C – Incubation & Pre-incubation support and facility creation in HEIs
D – IP ownership rights for technologies Development and transfer in HEIs
E – Pedagogy and Learning Interventions for Innovation and Entrepreneurship Development
F – Entrepreneurial Performance Impact Assessment