Vision | IIC

As per government of India’s “Atmanirbhara Bhaarata” vision and AICTE’s all round effort on Innovation and Startup implementation policy, the higher Institution’s of our country are geared up to make it a mandatory work for the improvement of technology and production sectors as well as economy of our country with a view of producing internationally acceptable indigenous products with ‘Make In India’ tag according to our Honorable Prime Minister’s ongoing agenda. 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. The 'National Student and Faculty Startup policy 2019' for HELs is a guiding framework to envision an educational system oriented towards start ups and entrepreneurship opportunities for student and faculties. The guidelines provide ways to Indian HEIs for developing entrepreneurial agenda, managing Intellectual Property Rights (IPR) ownership, technology licensing and equity sharing in Startups or enterprises established by faculty and students. In Luthfaa Polytechnic Institute, we have already started a different cell for working towards Innovation and Startup for developing new ideas and transform them to get desired goals through proper research works for building up new creations and also modifying the existing one. Moreover, we hope guidelines from concerned authorities will facilitate Ministry of Human Resource Development in bringing uniformity across HEIs in terms of IPR ownership management, technology licensing and institutional startups policy, thus enabling creation of a robust innovation and Startup ecosystem across all HEIs. In this respect we are sure that these guidelines will also help emphasizing “Entrepreneurship is all about creating a business, which is financially successful”.