National Innovation and Start-up Policy

NISP

The National Innovation and Startup Policy (NISP) 2019 is an initiative of the Ministry of Education (MoE), Government of India, through the MoE Innovation Cell (MIC). It provides a framework for Higher Education Institutions (HEIs) to create a vibrant ecosystem that promotes innovation, entrepreneurship, intellectual property creation, startup incubation, and commercialization of research.

Objectives of NISP

• Foster a culture of innovation and entrepreneurship among students and faculty.
• Encourage the conversion of ideas into products, services, and startups.
• Support intellectual property rights (IPR), patents, and technology transfer.
• Establish incubation centers and innovation hubs in educational institutions.
• Facilitate industry-academia collaboration.
• Provide mentoring, funding, and networking opportunities for startups.
• Integrate innovation and entrepreneurship into the academic curriculum.

Key Features of NISP

• Innovation Ecosystem Development
  

  Establishment of Innovation and Entrepreneurship Development Cells, Incubation Centers, and Institution's Innovation Councils (IICs).

• Start-up Support
  

  Mentorship, pre-incubation, incubation, seed funding, and investor connectivity.

• IPR and Technology Transfer
  

  Support for patent filing, copyrights, trademarks, and commercialization of innovations.

• Faculty and Student Participation
  

  Faculty can engage in startup activities, consultancy, and innovation projects.
  Students are encouraged to become job creators rather than job seekers.

• Industry Collaboration
  

  Strong partnerships with industries, entrepreneurs, investors, and government agencies.