National Innovation and Startup Policy (NISP)
Vision
- To create an innovation ecosystem among the students and faculty, thereby promoting them to emerge as entrepreneurs.
Mission
- To establish a dynamic startup ecosystem in the institution.
- To promote innovation and entrepreneurship related activities among the students and faculty.
- To create links between research institutions, universities and industries for knowledge exchange, business relationship and research.
Objectives
- Promote innovative ideas
- Motivate the students to become entrepreneurs.
- Provide adequate support for startups.
- Create links between stakeholders and the innovators to ensure maximum industry academic engagement.
- Technology commercialisation.
Short Term Goals
- Create innovation and incubation ecosystem by utilising the available resources in the institute.
- To assist the students in developing prototypes of their innovative ideas.
- To enhance the entrepreneurial activities in the institute by conducting relevant FDPs, STTPs, workshops and seminars.
- Evaluate the ideas collected from the students and faculty regularly by an expert committee and provide necessary suggestions and guidance.
- Establishing linkages between research institutions, universities and industries for knowledge exchange, business relationship and research.
Long Term Goals
- To arrange facilities for Innovation, Incubation and Startup in the campus.
- To introduce add-on courses on Innovation, Entrepreneurship and IPR related areas.
- To create successful startups and innovation from the institute.
- Attracting funds from investors and government agencies to accelerate the startups and research activities.
- To commercialise the products developed by startups.
- Obtain patents by Incubators and startups.
Thrust areas
- Strategies and governance for promoting innovation and entrepreneurship.
- Create innovation pipeline and pathways for entrepreneurs.
- Building organisational capacity, human resources and incentives.
- Collaboration, co-creation, business relationship and knowledge exchange.
- Norms for faculty and students driven innovations and startups.
- Incentivizing students for innovation and entrepreneurship.
- Incentivizing faculty for innovation and entrepreneurship.
- Norms for faculty startups.
- Incubation and pre-incubation, support facility creation and access.
- IP Ownership Rights for Technologies Developed at Universal Engineering College.
- Pedagogy and Learning Interventions for Entrepreneurship Development.
- Awareness on the Importance of innovation and entrepreneurial agenda should be created.
- Induction Program having the sessions on Innovation, NISP, IIC-Idea Competition will be organised.
- Accept Startup Idea as Mini Project/Major Project.
- Encourage teams to take up Projects on the themes like:
- Healthcare & Biomedical devices.
- Agriculture & Rural Development.
- Smart Vehicles/ Electric vehicle and battery technology.
- Waste management.
- Clean & Potable water.
- Renewable and affordable Energy.
- IoT based technologies.
- ICT, cyber-physical systems, Blockchain, Cloud computing, AI & ML etc.
- Entrepreneurial Performance Impact Assessment.
NISP Implementation Committee:
Following are the members of the committee formed by identifying the experts having expertise and experience in the domain of innovation, IPR and startup to start working on the policy formation and implementation of guidelines at the institute.
| Dr. Jose K Jacob | President |
| Mr. Antonio Joseph V K | Vice-president |
| Mr. Geo Jacob | Executive member |
| Mr. Febin Raju | Convener |
| Ms. Anima P | Member |
| Ms. Chinju Poulose | Member |
| Ms. ChelsyJoy | Member |
| Mr. KrishnakumarP V | Member |
| Mr. Mohamed Akbar V K | Member |
| Adv. Mohammed Sadique T A | IPR consultant |
| Mr. Ajmal Bin Rasheed, Green Dimensions | Alumni Entrepreneur |
| Mr. Sabareenath G, Executive Director, Vajra Rubber Products (P) Ltd | Expert from nearby industry |
| Mr. Adarsh - Executive Director,Sachindra Rubber Plus LLP | Expert from nearby industry |
| Mr. V K Shamsudeen, Finetools, UAE | Investor |
Key Performance Indicators
- Parameter 1 - Impact of Awareness and Outreach
- Program conducted by institute related to IPR, entrepreneurship/startups and innovation.
- Participation/representation of students/faculty in events/programs related to IPR, entrepreneurship/startups and innovation organised by reputed institutions at national or international level.
- Number of programs conducted
- No of programs participated
- No. of awards received
- Parameter 2 - Impact of financial strategy
Annual budget spent on innovation and startup funding, income and expenditure towards promoting and supporting innovation and startup in campus.
- Total expense towards innovation, IPR and startup.
- Total expense towards innovation, IPR and startup.
- Incubation infrastructure (Capital + Operational expenditure)
- Total seed fund/grant disbursed to innovations.
- Total seed fund/grant disbursed to startups.
- Total revenue/income from innovation, IPR, startups and incubations.
- Total income from incubation (training and skill + mentoring + office space and rent).
- Total revenue for technology/IP commercialisation.
- Parameter 3 - Impact of incubation support
- Innovation, pre-incubation and incubation centres/facilities exist in campus.
- Grants/funds received by pre-incubation and incubation centres/facilities exist in campus.
- Number of centres, types of facilities wise.
- carpet area in square feet
- if pre-incubation centre >= 600 sqft
- if incubation centre >= 1500 sqft
- If research park / innovation park >= 5000 sqft
- If centre of excellence with advance tools and equipments>= 1000 sq ft
- If IPR cell/patent facilitation unit/technology transfer centre
- Number of grants/fund giving incubation.
- Number of grants/funds receiving incubation.
- Parameter 4&5 - Impact at IP front and courses
- Patent granted and published
- Technology commercialisation/transfer
- Courses on Innovation, IPR and entrepreneurship development offered by the institute.
- Parameter 4
- Number of full time programs
- Number of short time and elective/core credit
- Number of MDP, EDP and FDP
- Parameter 5
- No of Patent granted
- No of Patent published
- No of Incubated startup holds patent
- No of IP commercialised/technology transferred
- Parameter 6 - Impact of incubation support
Ideas/prototype/innovation have received grant/funding from pre-incubation/incubation centre/facilities.
- Number of innovations with TRL 0-4
- Number of innovations with TRL 5-7
- Number of innovations with TRL 8-9
- Total angel/Venture capital fund amount raised by innovations.
- Total angel/venture capital fund amount raised by startups.
Policy Document
UEC National Innovation and Startup Policy document:
- Incubation support
- Allowing students, faculty and staff to work part-time for their start-ups while studying / working.
- Creating facilities for pre-incubation and Incubation by mobilizing resources from internal and external sources.
- Provide business incubation facilities.
- Providing facilities (Laboratories, Research facilities, IT services, Training and Mentoring Services, etc.) at subsidised cost.
- Student support
- Awareness about the importance of innovation and entrepreneurship will be provided to the first year students. Therefore, they will be very well informed about the entrepreneurial activities and support offered by the institute.
- Supporting the students by providing incubation facilities, provision for semester break as per the norms of KTU, attendance etc.
- Student clubs/ bodies will be created for organizing competitions, boot camps, workshops, awards, etc.
- Innovation & Entrepreneurship Award’ to recognize outstanding ideas, successful enterprises and contributors.
- Faculty Support
- Institute would recruit staff that have a strong innovation and entrepreneurial/industrial experience, behaviour and attitude.
- Faculty and departments of the institutes have to work in coherence to promote interdisciplinary activities.
- Faculty and staff should be encouraged to do courses related to innovation and entrepreneurship.
- Guest Lectures by Subject Matter Experts/ Entrepreneurs.
- Provisions to work part-time for their start-ups.
- Incentives for innovations/ patents.
- Creating Innovation Pipeline and Pathways for Entrepreneurs at Institute Level
- UEC ensures the students, faculty and staff are exposed to innovation and pre-incubation activities.
- Link between the incubation centre and companies is to be established to integrate education activities with enterprise-related activities.
- Events will be held for the budding entrepreneurs to meet the investors and pitch their ideas.
- Course designed for students
- Case studies on business failure and real-life experience reports by start-ups will be introduced among the students as a part of add-on courses for creating awareness among them.
- Proper orientation will be provided to the students to come up with projects and innovations based on real life challenges.
- Short-term/ six-month part-time entrepreneurship training will be introduced.
- Designing short term courses in a variety of areas including technology development, ideation, creativity, design thinking, fund raising, financial management, cash-flow management, new venture planning, business development, product development, social entrepreneurship, product costing, marketing, brand-development, human resource management as well as on areas of new generation technologies like Artificial Intelligence, Block chain, Machine learning, IoT etc.
- Networking or Collaborating Support:
- Institute may link the startups to other seed-fund providers’/ angel funds/ venture funds or itself may set up seed-fund once the incubation activities mature.
- Providing support to potential startups to link with the companies having a wider entrepreneurial ecosystem.
- Events will be organized for the budding entrepreneurs to meet investors and pitch their ideas.
- Entrepreneurial Impact Assessment
- Impact Assessment for pre-incubation, incubation, entrepreneurship education is formulated with well-defined evaluation parameters.
- The support mechanism offered and the number of startups and new business relationships established in the Institute should be recorded and used for impact assessment.
- The key performance indicators are used to measure the entrepreneurial impact assessment.