INNOVATION AND STARTUP POLICY 2020-21

NIT ARUNACHAL PRADESH

(ADAPTED FROM NISP-2019 GOVT. OF INDIA)

 

                       

In November 2016, the All India Council of Technical Education (AICTE) released a Startup Policy document for AICTE approved institutions, to address the need for the inculcation of innovation and entrepreneurial culture in higher education institutions (HEIs). The policy primarily focused on guiding the AICTE approved institutions in implementing the ‘Startup Action Plan’ of the Government of India. Subsequent to the release of the Startup policy by AICTE and further interaction & feedback received from education institutions, a need was felt for a more elaborate and comprehensive policy guiding document, which could be applicable for all the HEIs in India.

A fifteen-member committee was constituted by Prof. Pinakeswar Mahanta the Director NIT Arunachal Pradesh to formulate detailed guidelines for various aspects related to innovation, Startup, and entrepreneurship management. This committee deliberated on various facets for nurturing the innovation and Startup culture in NIT Arunachal Pradesh, which covered Intellectual Property ownership, revenue sharing mechanisms, norms for technology transfer and commercialization, equity sharing, etc. After multiple rounds of meetings, the National Innovation and Startup Policy for NIT Arunachal Pradesh is formulated and approved by 36th BoG on 24th June 2021 for students and employees of NIT Arunachal Pradesh were prepared.

Notification on Publish of Innovation and Entrepreneurship Policy