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National Innovation and Start-up Policy (NISP)

Vision

“To cater the needs of young student entrepreneurs with innovative ideas of social relevance and there by introducing a culture of entrepreneurship inside campus which will strengthen our education system and there by promoting the national economical and social growth”.

Mission

“To develop an ecosystem with required infrastructure that can enable students and faculty to innovate and prototype their potential ideas with  industrial standards and  support from Government, industry and reputed  academic institutions around the world and help them to realize their potentials”.

Short Term Objectives:

  • To help student groups to prototype their ideas.
  • To improve innovation, creative and design thinking among student community.
  • Incubation facility for faculty driven start-up and student/Alumni start-up.
  • Organize FDP, seminars and workshops, distinguish talks for students, Faculty and Alumni and promote entrepreneurial culture.
  • Strengthen institute industry interaction cell activity and effectively use the outcomes for achieving the mission.

Long Term Objectives:

  • Associate with DST, CII, MSME and other academic institutions for transferring world class facility for CIT IEDC activities.
  • Improve quality of research work among students and to attain patent which can be commercially used in production.
  • Provide a platform for students to develop innovative products with global recognition and generate business opportunities.
  • Generate revenues through consultancy work and student start-ups.
  • Spread awareness to students and faculty regarding IPR related activities.
  • Strategic partnership linkage with
  • Entrepreneurship Development Institute of India(EDII), Chennai
  • National Innovation Foundation (NIF) of India to submit ideas and apply for schemes
  • Procure fund from AICTE for Entrepreneurship Development Cell.

Committee Members

S. No. NAME POSITION
1 Dr.A.Ramesh
Principal, Chennai Institute of Technology, Chennai
President
2 Dr.Somasundaram
Associate Professor, CSE Department
Innovation Ambassador
3 Dr.V.Veerappan
Co Founder & Director,
Tessolve semiconductor Pvt.Ltd
Industrialist
4 Mr.Prakadesh Subramanian
CEO,  Chennai Institute Technology Business
Incubation Forum (CITBIF), Chennai.
Incubation Coordinator
5 Mr.Parvez Aalam
CEO, Crescent Innovation Incubation Council, Chennai
Incubation Coordinator
6 Mr.Thiyagaraja Gupta
Deputy Controller of Patents and Designs
Patent Expert
7 Mr.Alex
CEO, Lex Labs
Alumni Entrepreneur
8 Mr.Jayachandran
Director, Jaycee Organics LLP
Entrepreneur
9 Dr. Rajendran, Proprietor
Life care Phyto Remedies
Entrepreneur

Thrust Area

S. No. PLAN
1 CITBIF Strategies & Governance for Promoting Innovation & Entrepreneurship
2 Creating Innovation Pipeline and Pathways for Entrepreneurs
3 Building Organizational Capacity, Human Resources and Incentive
4 Collaboration Co-creation and Business Relationship and knowledge Exchange
4 Norms for Faculty & Students Driven Innovations and Start-ups
5 Incentivizing Faculty & Students for Entrepreneurship
6 Norms for Faculty Start-up
7 Incubation & Pre-Incubation support
8 IP Ownership Rights for Technologies Developed at CIT and CITBIF
9 Pedagogy & Learning Interventions for Supporting Innovations & Start-ups
10 Entrepreneurial Performance Impact Assessment

KPI Monitor & Evaluation

Hierarchy of Objectives Key Performance Indicators (KPIs) Means and Verification
Vision •5% Increase in Self-Employment Rate
•5 Established Start-ups
• ARIIA, NIRF Rankings
Goal/Impact •Enable Environment with multiple level of support for innovation & Entrepreneurship in CITBIF
•5% of Graduate students will choose Entrepreneurship as career
•10% of Student and Graduates Practice Entrepreneurship
• Biannual Survey
• ARIIA, NIRF Rankings
Outcomes •25%of student & faculty mass with entrepreneurship Orientation
•12% of Student & faculty motivated to start any entrepreneurial activity
•5 of IPR/Innovations developed for commercialization
•5 of Student/Early Stage Start-ups formed
•12% of In-house Expert Capacity available for Advisory Services
•12% of Satisfaction over Advisory services offered to Innovators & Early Stage Entrepreneurs
•Network Established with connecting multiple stakeholders & Ecosystem Enablers
• Biannual Survey
•Quarterly News Letter
Outputs •25% of Student & faculty mass exposed to awareness/orientation building programs
•25% of Students covered through entrepreneurship Education; MOOC, Class Room, Experiential Learning programs etc.
•250 of beneficiaries are accessing the infrastructure & facilities per day, month & Year •50 of innovators identified; 25 of awarded,/recognised; 25 of Supported
•5 of Student projects turns to (commercialize) Innovations
•5 of IPR based product/services generated and registration filed
•12% of in-house trained professional developed for advisory services
•5 of Research Studies on Entrepreneurship published
•02 of Regional, National and International linkages established for the start-up & innovation
•5% Representatives of experts & entrepreneurial students across Dept & Disciplines.
•5 of Beneficiaries Referred to Incubators/investors for further support through Start-up Cell
•10 of Beneficiaries generated under various schemes and programs leveraged and converged at Start-up Cell
•Biannual Survey
•Monthly progress report
Activities •5 Education/Skill certification program on Entrepreneurship, IIPR, Innovation etc.
•25 of workshops, awareness, market outreach events, orientation, advocacy meetings etc.
•12 of networking event (Intra and Inter-institutional, enablers, stakeholders) organized
•5 of skill and competency development training programs/FDPs/EDPs organized.
•5 of research studies related to Entrepreneurship conducted
•01 of national and regional award and campus Hackathon like events organized
•Incentivizing Entrepreneurship and Innovation; services and facilities; Start-up Manual, policies, tool kits etc.
•1% of total budget/year spend against total institution revenue for start-up
•Budget allocation and Spend ratio for the start-up mandate in institute
•Biannual Survey
•Quarterly News Letter •Monthly progress report •Review Meetings

Tentative plan for the next 5 years

S. No. Activity Frequency
1 One Day Workshop on “Entrepreneurship and Innovation as Career Opportunity” One per Year
2 One Day Workshop on Problem Solving/Design Thinking/Ideation Workshop/ Campus Hackathon etc One per Year
3 Field/Exposure Visit to Village/Society /School/Industry/Market – Identity real Life Problem One per Year
4 Special Talk on My Story – Entrepreneur’s Life & Crossroad – Motivational Speak – To be Share by Entrepreneurs Two per year
5 Product Development Phases – Story Telling – (Innovators in Campus) Two per year
6 National Conference/workshop on Start-up/Social Innovation & Entrepreneurship  
7 Demo Day – Exhibition Cum Demo for PoCs & Mentorship Session for Innovators (or) Student Entrepreneurs  
8 Internship at Innovation & Start-up Centre/Startups/Incubation Unit etc. during Semester Break One per Year
9 Field/Exposure Visit to Incubation Unit/Patent Facilitation Centre/Technology Transfer Centre One per Year
10 Business Plan Contest One per Year
11 One Day Awareness/Mentoring Session on IPR & IP Management for Innovation and Start-ups One per Year
12 Field/Exposure Visit to Design Centre/Makers’ Space/Fab Lab/Prototype Lab/Tinkering Lab etc One per Year
13 Seminar on Accelerator/Incubation – Opportunity for Student Faculty – Early Stage Entrepreneurs One per Year
14 Seminar on Understanding Angel and Venture Capital Funding – What is there for Early Stage Innovator & Entrepreneurs One per Year
15 Bootcamp for Innovation product development  
16 Innovation Day Celebrations One per Year
17 National Science Day One per Year
18 Workshop Funding Opportunities for Innovation and Entrepreneurship Development One per Year
19 CITBIF Hackathon One per Year
20 Short Term Training course on Innovation /Start-up & Entrepreneurship One per Year
Research & Innovation