Innovation & Start-Up Policy

The Innovation and Start-up Policy is a guiding framework to actively engage students, faculties and staff in innovation and entrepreneurship related activities. This policy intends to promote students’ driven innovations & start-ups and to engage the students and faculty in innovation and start up activities in campus. The policy aims 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. This framework includes the Intellectual Property ownership management, technology licensing and institutional Start-up policy, thus enabling creation of a robust innovation and Start up ecosystem across the institution.

The main objectives of IISP:

To nurture the culture of innovation at institute and across the state.
To assist and expedite the development of innovations into prototypes with emphasis on socio-economic effect and market demand.
To identify potential and prospective entrepreneurs among the students as well as faculty and provide them a platform to be successful.
To act as a catalyst for swift commercialization of technology developed by novice entrepreneurs.
To create a nexus between the academic, R & D institutions, industries and financial institutions.