NATIONAL INNOVATION AND STARTUP POLICY

National Innovation and Startup Policy (NISP)

Vision

Creating an entrepreneurial eco-system to inspire the engineering and management students to become future entrepreneurs through start-ups.

Mission

To create multipurpose tech park to promote innovation and startup.
To promote 100 tech-based student start-ups within 2030.

Policy Objectives

  • Mentoring the students who are having innovative ideas to convert the same to Prototype.
  • To motivate students to convert their Detailed Project Reports (DPRs) and projects into viable B-plans.
  • Promoting innovation and ensuring patent filing.
  • Organising Angel Investors meeting to present the ideas and Prototype products to get necessary financial support.
  • Preparing students for successful launching of their start-ups.
  • Providing technical and infrastructure support for the student’s start-ups.
  • Providing consultancy services by strengthening the support infrastructure in the thrust areas such as Electrical & Electronics, Renewable energy, Information Technology (IT), Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), Digital Manufacturing, 3D Printing and Software-as-a-Service (SaaS).
  • CSR funding would be targeted to promote corporate and private Incubators. These Incubators shall also serve as an innovation sandbox to solve problems faced by the business establishments which in turn, shall support startups with access to platform, test bed, data, handholding etc.