NISP
National Innovation and Start up policy (NISP) was initiated during 2019 by the All India Council of Technical Education (AICTE) to constrain the innovation and start up activities in the Higher Education Institution (HEI). In other words, the main focusing of this policy is to create an entrepreneurial ecosystem in the campus. This policy is being implemented by MoE’s with the support of AICTE. It is providing the guidance and framework for promoting and supporting the innovation, start up and entrepreneurship in both Technical and Non Technical institutions. It has five implementation stages.
Stage 1: Launch of NISP Campaign to bring HEIs to a common platform and commitment to adopt the NISP in institutes in a time bound manner.
Stage 2: Inviting Nomination of Sr. Faculty from HEI to Implement I&E Policy at Institute Level.
Stage 3: Phase wise conduct of Orientation cum Training Programs for the nominated faculty in policy design and implementation and offering further handholding in implementation.
Stage 4: Implementation progress monitoring and program evaluation and corrective actions
Stage 5: Incorporation of changes and improvement in existing policy, consensus building and further implementation.
Through the above, VET Institute of Arts and Science (Co-Education) college (Affiliated to Bharathiar University), Thindal, Erode 638012, Tamilnadu has been at the vanguard of endorsing creativity and innovation, start up and entrepreneurial related activities among the students and faculties who are having potential ideas.