National Innovation and Startup Policy

In 2019, Ministry of Education, MIC/MHRD, All India Council of Technical

Education (AICTE) released a Startup Policy document for Higher Education

Institutions to create an ecosystem of innovation and entrepreneurial culture

in the campus. The policy is primarily focused on guiding the HEIs in

implementing NISP of Government of India.

For the implementation of NISP, a fourteen member committee was

constituted at IIMTU to formulate and implement detailed guidelines as

“Innovation and Start-up Policy”, against NISP, for various aspects of

Innovation, entrepreneurship management and Start-up promotion.

This committee consists of eleven internal and three external members. It is

intended to create the ecosystem comprising of nurturing the innovation and

Startup culture at IIMTU including Intellectual Property rights conservation,

revenue sharing mechanisms, technology transfer mechanism, extending pre-

incubation and incubation facilities, commercialization, equity sharing, etc.