National Innovation and Startup Policy
Empowering Students, Faculty, and Staff in Innovation & Entrepreneurship
About NISP
The National Innovation and Startup Policy 2019 is a guiding framework launched by the Ministry of Education on September 11, 2019 at AICTE, New Delhi. It aims to enable engineering colleges and Higher Education Institutions to actively engage students, faculty, and staff in innovation and entrepreneurship-related activities.
KIT has implemented NISP to promote student-driven innovations, build a strong entrepreneurial ecosystem, and foster partnerships with ecosystem enablers at regional, national, and international levels.
The policy provides a comprehensive framework for institutions to create an environment that nurtures innovation, supports startups, and bridges the gap between academia and industry.
Key Features
Innovation Fund
Minimum 1% of total budget allocated for innovation activities
Academic Break
Semester/year break option for students to work on startups
Credit System
Credits awarded for innovative prototypes and business models
IPR Ownership
Complete IPR ownership for inventors in certain conditions
Policy Framework
Innovation Governance
Strategic framework for managing innovation initiatives and activities across the institution
Student & Faculty Incentives
Recognition, rewards, and support mechanisms for innovative contributors
Incubation Support
Pre-incubation and incubation facilities with mentorship and infrastructure
IP Ownership Rights
Clear guidelines on intellectual property ownership and equity sharing
Entrepreneurship Pedagogy
Integration of entrepreneurship education in curriculum and programs
Performance Assessment
Impact evaluation mechanisms to measure innovation outcomes and success
Funding & Support
Innovation Fund
Institutions allocate minimum 1% of total budget for:
- Seed funding for student startups
- Innovation infrastructure development
- Workshops and training programs
- Prototype development support
- Competition and event organization
Equity & Services
Institute participation in startups:
- 2-9.5% equity stake in startups for incubators
- Fee-based services and consultancy
- Zero-payment model for social ventures
- Mentorship and networking support
- Access to institute facilities and resources
Start Your Entrepreneurial Journey
Leverage KIT's comprehensive NISP framework to transform your innovative ideas into successful startups with full institutional support.
