NISP GTNAC

ABOUT NATIONAL INNOVATION AND START-UP POLICY 2019

The National Innovation and Start-up Policy 2019 for students and faculty of Higher Education Institutions (HEIs) will enable the institutes to actively engage students, faculties and staff in innovation and entrepreneurship-related activities. This framework will also facilitate the Ministry of Education in bringing uniformity across HEIs in terms of Intellectual Property ownership management, technology licensing and policy, to enable the creation of a robust innovation and Start-up ecosystem across all HEIs.

OBJECTIVES

India aspires to become a 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 resources, capable of doing cutting-edge research and innovation towards deep-tech entrepreneurship. The 'National Student and Faculty Start-up Policy 2019' is a guiding framework to envision an educational system oriented towards startups and business opportunities for students and faculties. The guidelines help Indian higher education institutions develop an entrepreneurial agenda, manage Intellectual Property Rights (IPR) ownership, technology licensing, and equity sharing in start-ups or enterprises founded by faculty and students. In India, innovation is still not at the epicentre of educational systems. A policy framework is needed in to achieve the above goals and ambitions and to ensure that “Innovation and Start- up‟ culture is the fulcrum of our higher education system. 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 potential career option.

GTNAC INNOVATION AND START-UP POLICY 2022

G.T.N. Arts College (GTNAC), Dindigul, has joined the campaign to implement the National innovation and Start-up Policy (NISP) under the aegis of the Ministry of Education (MoE), Ministry of Innovation Cell (MIC) and adopted the policy framed by MIC.
The policy aims at promoting innovation and a startup culture among the students and faculty of higher education institutes. The policy aims at enabling HEIs to build, streamline and strengthen the innovation and entrepreneurial ecosystem on campus and will be instrumental in leveraging the potential of science, students’ creative problem-solving and entrepreneurial mind-set, and promoting strong intra and inter-institutional partnerships with ecosystem enablers and different stakeholders at regional, national, and international level. The entrepreneurial ecosystem in higher education institutions will play an important role in identifying, mentoring, and nurturing the innovative and entrepreneurial potential of students, faculty, and staff, and transforming them into start-up entrepreneurs by providing funding, investment opportunities, and networking support to ensure the success of the innovation and venture.

Vision

To enhance the promotion of Innovation and Entrepreneurship and motivate faculty and students to take the path of entrepreneurship.

Mission

To incentivize the pipeline of Innovation and Entrepreneurship to faculty and students by providing incubation support, creating business collaboration, IPR assistance, receiving support from the Government, industries and various reputed institutions to realise and develop their potential.

Objectives

To promote students’ start-up initiatives in college
To improve innovation, creativity and design thinking among the participants and to establish a full-fledged incubation centre in the institution.
Organise FDPs, Seminars and Workshops and Business Talks for awareness and knowledge gathering for the participants.
Strengthen the industry relations to improve the innovation and entrepreneurship facilities and knowledge among the participants.
Build associations with various Government and private bodies for the better utilization of start-up schemes.
Generate revenue through consultancy and start-ups .