National Innovation and Startup Policy (NISP)
Dr B R Ambedkar National Institute of Technology, Jalandhar

National Innovation and Startup Policy (NISP):

NIT Jalandhar wants to be the hub of Innovation and Entrepreneurship in the whole of Punjab. In order to achieve the vision, NIT Jalandhar has drafted an Innovation and Startup Policy that will act as a framework and guiding force for all the stakeholders in their endeavor on I&E related activities. This Innovation and Startup Policy enlists all the rules related to I&E activities, startups, teachings and sessions of entrepreneurship, innovation workshops, events and IPR. This policy will enforce every stakeholder to abide by it in case of any discrepancy. The policy is binding in nature. The aim of the policy is to encourage every stakeholder at NIT Jalandhar and the Technology Business Incubator to take up innovation, entrepreneurship and startups as core activities so that NIT Jalandhar in itself grows to be self-sufficient in the future. Due focus is put on Sustainable Development Goals (SDGs) and financial independence so that students graduate from NIT Jalandhar not just as engineers but as concerned citizens who give due regard to the environment and the society they live in. This policy will ensure that the students focus more on product development and product management rather than theories which in turn will ensure that the host institute will file more IPRs and go for more startups and Technology Transfers. This policy aligns itself with the National Innovation and Startup Policy and with the constitution of NIT Jalandhar

Vision

To make NIT Jalandhar the hub of innovation and entrepreneurship with world class support so that the students graduate from here with expertise in innovative product making and entrepreneurship.

Mission

  • To promote grassroots innovation on the campus
  • Encourage students, faculty and staff to come with new ideas and product designs
  • Make it a norm for all students to design, develop and manage new products.
  • File 200 IPRs per year so that 150+ IPRs are granted per year.
  • Encourage final year students to take up product development as their final year project in a group of 6 students
  • Encourage faculty, staff and students to start up.
  • Encourage all staying on the campus to think of financial independence and work on it.

Objectives

  • Innovation Development
  • Entrepreneurship Exposure and Skills Development
  • Support Facilities for Start-up Services
  • Inter-Institutional Partnership
  • Network with Regional and National Start-up Eco-System
  • Industry Support, Corporate & Private Partnership Linkage
  • Technology Commercialization

NISP awareness programs at NIT Jalandhar and in other colleges

1. Awareness program on startup Policy

Event Venue: 202, Lecture Theatre
Time: 10:30 AM to 11:30 AM
Speaker: Shibananda Dash, CEO TBI and Arun Khosla, President IIC.
Date: 7th Sep, 2022

Topics

  • Startup policy in NIT Jalandhar
  • Startup ecosystem
  • What is a startup
  • Basics of legal formalities
  • Scope of entrepreneurship



2. Strengthening Enrepreneurship Amongst Women

Event Name: Strengthening entrepreneurship amongst women
Event Venue: Hansraj Mahila Maha Vidyalaya
Event Date: 25th Feb, 2022
Speaker: Mr. Shibananda Dash - CEO NITJ TBI

Event Summary

The expert talk was delivered by Mr. Shibananda Dash, which focused on the promotion of women entrepreneurship. The topics covered were:

  • Startups in NITJ
  • Introduction to Entrepreneurship
  • Marketing of one’s business, developing the ideal client profile, value proposition, branding, market research, marketing plan, marketing budget, social media pan – all the elements required to generate leads and clients
  • Women in the field of entrepreneurship
  • Startup policies and modes of collaboration

Participation

The event was attended by faculty and students of the college which contributed around 90 attendees



3. Faculty Development Program

Event Name: FDP
Event Venue: Kanya MahaVidyalaya
Event Date: 23rd March, 2022
Event Topic: Startups in Punjab
Speaker: Mr. Shibananda Dash - CEO NITJ TBI

Event Summary

The Chief Executive Officer of NITJ TBI, Mr. Shibananda Dash was hosted as a representative of the TBI for FDP program at Kanya MahaVidyalaya. His talk focused on Introduction to Entrepreneurship, Business Decisions and the economics of one unit, Entrepreneurs and technology, goal setting and time management.

Participation

The event was attended by the students, staff, faculty and guests.



4. Inception of Entrepreneurial Vision amongst the Youth

Event Name: Inception of Entrepreneurial Vision amongst the Youth
Event Venue: NITJ TBI
Event Date: 3rd Sep 2022
Event Topic: Exploring entrepreneurship and startup culture under IIC
Speakers: 1. Shibananda Dash, Chief Executive Officer
2. Mr. Sukhwinder Singh, Founder of RFviz
3. Dr. Arun Khosla, President IIC

Event Summary

NITJ TBI hosted a visit of students and faculty of GNA University who were here to visit the incubator to see the real time working of the TBI and how can they venture into the world of Entrepreneurship. The students were given visit to the TBI and were later give sessions by the three speakers of the day – Mr. Shibananda Dash, Mr. Sukhwinder Singh, and Dr. Arun Khosla.

Participation

The event was attended by 50 students of the GNA Business School and two faculty members of the GNA university



5. How to register a company

Session name: How to register your startup?
Session Venue: NITJ TBI
Session Date: 15th Sep, from 4:30 pm to 5:30 pm
Session Topic: The process of registering your startup along with other technicalities
Speakers: CA Vikram Arora

Event Summary

An online session on “How to register your startup?” was conducted for the incubated startups of NITJ TBI by CA Vikram Batra. The session focussed on the steps to form a legal entity, the money involved, compliance, etc. Other topics touched by him included company formation, LP Firm, Partnership Firm, Private company, etc. The following points were highlighted in the discussion:

  • Legal entities L.L.P., a partnership firm and a private company
  • Comparatives of the above
  • Why faculty and staff should start with a Pvt. Company while students should start with an L.L.P.
  • How company registration will help in getting funds for project research
  • Steps to form a legal entity, the money involved, compliance, etc. (the min motive o the session)

Participation

The session was attended by the all the founders and team members of the incubated startups at NITJ TBI along with TBI staff and NITJ TBI CEO, Mr. Shibananda Dash



6. Introduction to Entrepreneurship

Event Name: Introduction to Entrepreneurship
Event Venue: NITJ TBI Online
Event Date: 12th Sep, 2022
Event Topic: Introduction to Entrepreneurship
Speakers: Mr. Shibananda Dash

Event Summary

NIT TBI conducted an online session on Introduction to Entrepreneurship for the B. Tech student of NITJ TBI. The session was taken by the NITJ TBI CEO, Mr. Shibananda Dash who introduced the world of entrepreneurship and startup culture, talked about the role of NITJ TBI. He encouraged the students to come up with their own ideas, develop products keeping the need of the customers in mind and how the TBI can help them actualize their ideas into full blown viable startups. The topics covered included:

  • What is Entrepreneurship and qualities of an Entrepreneur?
  • Identification of opportunities – steps of setting up a business, setting up a small scale unit
  • Institutional arrangement for Entrepreneurship Development.
  • Entrepreneurship and the economy
  • Types of businesses and business ownership
  • Becoming an entrepreneur

Participation

The session witnessed a participation of 470 students.



7. Introduction to Entrepreneurship and startup ecosystem

Event Name: Introduction to Entrepreneurship
Event Venue: 402, Lecture Theatre
Event Date: 15th Sep, 2022 (Engineer’s Day)
Event Topic: Introduction to Entrepreneurship
Speakers: 1. John Kuruvila
2. Saurabh Sahu
3. Akshya Uppal

Topics

  • Startup ecosystem in India
  • Where Punjab can make a difference
  • What is an engg startup
  • How students can make a difference
  • Policies and startups basics



8. Livelihood Entrepreneurship Development Program

Event Name: Livelihood Entrepreneurship Development Program
Event Venue: Chandpur and Adampur
Event Date: 25th and 26th April, 2022
Event Topic: Small Business Entrepreneurship Amongst women
Speakers: Mr. Shibananda Dash, Chief Executive Officer

Event Summary

NABARD Jalandhar in collaboration with NITJ TBI conducted sessions at Chandpur and Adampur villages to promote entrepreneurship and use of technology in small businesses. These sessions focused on small businesses, how to create a supply chain without spending a lot, and how to market these products efficiently and economically.

Participation

The session was attended by:

  • 40 women at Chandpur
  • 22 women at Adampur



9. Why is it the best time to startup?

Event Venue: Conference Hall, IT Park, NITJ
Event Date: 16th March 2022
Event Topic: Why is it the best time to startup?
Speakers: 1. Mr. John Kuruwilla,
  • Ex - Managing Director -GenNext Ventures, a Reliance Industries sponsored venture fund
  • Co-founder & CRO of Kalpnik, the world’s 1st AR/VR devotional platform.
  • Chief Mentor at Brigade REAP – Asia’s first leading PropTech Accelerator Program
2. Mr. Sourabh Kumar, Director and Co – founder of social startup, PotholeRaja, world’s first and only pothole management company
3. Mr. Gautam Khot, CTO Brigade REAP

Participation

The event witnessed a participation of 170 people, online and offline, including students and outsiders. The students, mainly from engineering and business school background showed active participation and an even humongous engagement was witnessed online.



National Innovation and Startup Policy (NISP) Cell Committee

The following are the of National Innovation and Startup Policy (NISP) Cell Committee members.

  1. Prof. JN Chakraborty, Dean (Research and Consultancy) – Chairman
  2. Prof. Arun Khosla, Co-ordinator – National Innovation and Startup Policy – Member
  3. Dr T Srinivas, Associate Dean (Research and Consultancy) – Member
  4. Dr Satyendra Singh, Associate Dean (Research and Consultancy) – Member
  5. Mr Shibananda Dash, CEO, NITJ Technology Business Incubator – Member
  6. Dr Sukwinder Singh, Co-coordinator, NITJ Technology Business Incubator- Member
  7. Dr Senthil Kasilingam, Co-coordinator, NITJ Technology Business Incubator - Member