Oriental Group Bhopal - NISP

About NISP

The ‘National Innovation and Start-up Policy 2019 for students and faculty in HEIs was launched by Former Minister of Education, Shri Ramesh Pokhriyal ‘Nishank’ on 11th September 2019 at AICTE, New Delhi. This policy intends to guide HEIs for promoting students’ driven innovations & start-ups and to engage the students and faculty in innovation and start up activities in campus. The policy aims at enabling HEIs 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 interinstitutional partnerships with ecosystem enablers and different stakeholders at regional, national and international level. The policy is being implemented by MoE’s Innovation Cell and in coordination AICTE, UGC, state/ UT governments and universities. Implementation of policy has been undertaken for quick adoption by HEIs. The present policy is a way forward to the earlier version of AICTE’s Start-up Policy which was launched in the year 2016 to complement the Startup Action Plan under the Startup India and Stand-up India Program launched by Hon’ble Prime Minster of India.

The National Innovation and Startup Policy laid down guiding framework for HEIs and it highlights various important and practical aspects of promoting and supporting innovation, technology commercialization and startups in academic setup as mentioned below:

Highlighting Features of The Policy

  • Creation of ‘Innovation fund’ for supporting innovative projects and Start-ups by allocating minimum 1% of institution’s total budget
  • Academic break for a semester/ year to work on their startups Credits for working on innovative prototype/ business models
  • 2% - 9.5% Equity/ stake in startup/ company by Institute’s incubator
  • Complete Ownership of IPR by the inventors in case of non-usage of institute’s facilities/ resources
  • Services to be offered by institution in lieu of equity, fee based or zero payment model

OIST-NISP Expert Committee

S.no Name Designation Responsibility
1 Dr. Rajesh K Shukla Director, OIST, Bhopal Chairperson
2 Dr. Mohd Ahmed Asso. Prof, OIST, Bhopal Convener
3 Prof. Hasnine Mirza, Asst Prof, EC, Bhopal Coordinator
4 Dr. Girish Khare Head, ME, OIST, Bhopal Member
5 Dr. Manish Sawale Head, EC, OIST, Bhopal Member
6 Dr. Deepshikha Patel Head, CSE, OIST, Bhopal Member
7 Prof . Mamta Sood, Coordinator, Entrepreneurship Development Cell Member

The committee will also comprise of the following external members as part of advisory board

  • Creation of ‘Innovation fund’ for supporting innovative projects and Start-ups by allocating minimum 1% of institution’s total budget
  • Mr. Nemesh Singh, Alumni Entrepreneur, Founder CEO, Appointy.com
  • Mr. Gaurav Verma, Alumni Entrepreneur, Founder CEO, Carwale.com
  • Mr Yogesh Khakre, COO, BNest Incubator, Bhopal