National Innovation and Start-up Policy

 
The ‘National Student and Faculty Startup policy 2019’ is a guiding framework to envision an educational system oriented towards startups and entrepreneurship opportunities for student and faculties. These guidelines will enable institutions to actively support their faculty, staff and students to participate in innovation and entrepreneurship (I&E) related activities & managing Intellectual Property Rights (IPR) ownership, technology licensing and equity sharing in Startups. This enabling creation of a robust innovation and Startup ecosystem. These guidelines will help to emphasize in creating a business, which is financially successful. India aspires to become 5 trillion-dollar economy by 2024. To reach the mark, it needs to evolve systems and mechanisms to convert the present demographic dividend into high quality technical human resource capable of doing cutting edge research and innovation and deep-tech entrepreneurship.

Vision

  • To incubate 2 startups every year with contribution from Student/staff
  • To develop a Unicorn Company in the next 10 years
  • To attract Venture Capitalist/Angel Investor to invest in our Student Faculty Ideas
  • To align the institution’s strategies as per the vision of the Government on Startups
  • To contribute towards the improvement of Nations’ standing in the Global Innovation Index

Mission

  • To organize an Ideathon/Hackathon for students and Faculty
  • To leverage successful mentors for guiding the startups
  • To interface with Startup Centers for Best Practices
  • To continuously Tap and obtain funding from Government and Private organizations

Objectives

  • To promote students in driven innovations & start-ups
  • To engage in campus startup activities involving faculties & students
  • To streamline & strengthen the innovation and entrepreneurial ecosystem on campus
  • To leverage the potential of student’s creative problem solving & entrepreneurial mind-set
  • To promote strong intra and institutional partnerships with ecosystem enablers and different stakeholders at regional, national, and international levels.

Short Term Goals

  • To Organize Entrepreneurial activities like Hackathons, tech fests, idea innovation and competition, and startup entrepreneurship ecosystem boot camps.
  • To make Students & Faculties work on Ideas leading to POCs/Prototypes
  • To encourage faculty & students to pursue startup & entrepreneurship-related activities
  • To define Key Performance Indicators (KPIs) for Entrepreneurial Performance Impact Assessment.

Long Term Goals

  • Institution to offer courses related to Innovation, Startups & I PR’s
  • Institution to establish Incubation Units & Accelerators
  • the incubator should be to create successful ventures through Incubators
  • Institutions to link enterprises to financial success

Deliverables

  • To make aware and motivate Students and faculties by delivering education on Innovation and Entrepreneurship
  • Dedicated Facilities and Infrastructures, enterprise Support & access to resources
  • To provide in-house trained professionals by providing active advisory Services in research & advocacy
  • To provide Inter Department linkages & Inter-institutional Linkages

Actions

  • Organize Workshops Lectures/Seminars/e-Talk/Boot Camp etc
  • Conduct Online and Class Room Education & Training & Mentoring
  • Establishment of Startup Cell Scout, Recognize Support Ideas, Innovation & Startups & Repository Buildup
  • To set up an Advisory Service Expert Pool
  • To provide training in the form of FDPs, EDPs & Incentives for experts
  • Mentor, startup cell network, business & referral service
  • Convergence and Leverage Govt.Schemes & programs
  • Organize National & Regional Events

Thrust Areas of NISP

  • Creating Innovation Pipeline and Pathways for Entrepreneurs.
  • Building Organizational Capacity, Human Resources, and Incentives.
  • Collaboration Co-creation and Business Relationship and Knowledge Exchange.
  • Incentivizing Students for Innovation and Entrepreneurship
  • IP Ownership Rights for Technologies Developed at Higher Educational Institutions.
  • Entrepreneurial Performance Impact Assessment

Process & Implementation

  • Allowing faculty to start Startup based on the technology developed in the lab at the institute
  • Allowing faculty and staff to take off for a semester/year as sabbatical/unpaid leave/casual leave /earned leave for working on startup and come back
  • In case faculty/staff is drawing a salary from the institute, the institute’s stake/equity in the startup is to be limited to 20 of the total share of faculty/staff or 9.5 of the total stake
Members
a Principal Chairperson Dr. Yadavalli Basavaraj Principal, BITM – Ballari
b Deputy Director Member Secretary Prithviraj Y J Deputy Director, BITM – Ballari
c Incubation Head Convener& Regional Coordinator Dr. Mallikarjuna A, BE, Asso. Professor – ECE Dept.
d Local Successful Entrepreneurs/Alumni’s Member Mr. Shivaprakash Lottanakere Co-Founder – Jayalakshmi Agrotech & Digi Tours Technologies Pvt. Ltd.
Mr. Vishwas Mudagal Founder, Author & CEO, GOODWORKS Labs.
Mr. Pavamana H CSTE (ISTQB) & PMP (PMI) Certified Consultant
Mr. Anil Savla, Alumni Director, Bharat Automobiles Ltd.
Mr. Raymond Irudayaraj, Alumni Founder -RAYLOG Industries
Mr. Jaychandra, Alumni
Mr. Navneet, Alumni
Mr. Desai Ram Mohan, Alumni
Mr. Chandra Babu Naidu, Alumni
Mr. Hemaditya Prasad, Alumni
Mr.  K V Reddy Prasad
e Academia Principals of local collages Member Prof. Gouri Shanker Principal, SGP Polytechnic, Ballari
Dr. Ramchandrappa Principal, BBC – Ballari
f Head / Convener of Alumni cell Member Mr. Hemantha Kumar R Kapali Secretary, BITM Alumni Association®
g Local representative of the Collegiate education department Member Dr. Suresh Babu CDC, VSK University – BALLARI
i All Deans/Heads of Departments Invited Members Dr. V C Patil Dean R&ID
Dr. Khened B S Dean Academics
Dr.  Dr. Raghavendra Joshi COE
Dr. Sadyojatha  Head of ECE Dept
Dr. Venkat Ramana, Head of ME Dept.
Dr. R N Kulkarni, Head of CSE Dept.
Dr. Sharan Reddy, Head of EEE Dept.
Dr. T H Patel, Head of CIVIL Dept.
Dr. Janet Jyothi D’Souza, Head of MBA Dept.
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