NISP Implementation at IMT-G

The National Innovation and Start-up Policy 2021 for students and faculty of Higher Education Institutions (HEIs) will enable the institutes to actively engage students, faculties and staff in innovation and entrepreneurship related activities. This framework will also facilitate Ministry of Human Resource Development in bringing uniformity across HEIs in terms of Intellectual Property ownership management, technology licensing and institutional start-up policy, thus enabling creation of a robust innovation and start-up ecosystem across all HEIs.

Strategic aim of the Entrepreneurial Ecosystem at IMT-G (EEIMT):

To ensure IMT-G emerges as a favored destination for entrepreneurs, innovators and start-ups passionate about creating ventures of significance.
Objectives of the EEIMT:

To provide a platform for students and key stakeholders to carry out entrepreneurial activities.
To become a repository of intellectual and practical expertise for entrepreneurship, innovation, and start-up within national and global networks.
To play an active and facilitative role in regional and national socio-economic development via the creation and support of commercially successful and socially impactful ventures.

The EEIMT will be created leveraging the existing resources and competencies available at the campus and will comprise of the following pillars –

The proposed plan of action for NISP implementation will be done in three phases with activities relevant to the four pillars to be undertaken in the short term, medium term and long term.

Short term action plan

E-cell

[dnxte_feature_list_parent _builder_version=”4.9.7″ _module_preset=”default”][dnxte_feature_list_child dnxte_feature_list_title=”Revision of the E-cell strategy with an aim to create immersive entrepreneurial learning experiences for the students using ‘live’ projects via Business clinic. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#003399″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Increased engagement with alumni start-ups to facilitate student mentoring and encourage aspiring entrepreneurs at IMT-G. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#003399″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Identify placements and internships within the start-up ecosystem via the E-cell using alumni and stakeholder channels. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#003399″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][/dnxte_feature_list_parent]

Stakeholder engagement

[dnxte_feature_list_parent _builder_version=”4.9.7″ _module_preset=”default”][dnxte_feature_list_child dnxte_feature_list_title=”Collaboration with private VC firms to add expert insight and value to entrepreneurial and innovative ideas pursued by students/ faculty at IMT-G. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#D4A415″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Enhanced engagement with internal stakeholders such as faculty and staff to encourage and support entrepreneurial and innovation opportunities in collaboration with students. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#D4A415″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Startups of IMT-G alumni to be encouraged towards active participation in knowledge exchange, networking opportunities and student engagement. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#D4A415″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][/dnxte_feature_list_parent]

Learning and curriculum

[dnxte_feature_list_parent _builder_version=”4.9.7″ _module_preset=”default”][dnxte_feature_list_child dnxte_feature_list_title=”New courses to be developed in the area of Innovation, Social Entrepreneurship and Family Business to address demand gaps. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#003399″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Increased engagements with the industry and start-up ecosystem to inform the content and development of such courses to improve currency and relevance of courses offered. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#003399″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Industry facing workshops and MDP’s in the area of Innovation, Social Entrepreneurship, Start-up Management and Family Business Management to be explored. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#003399″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][/dnxte_feature_list_parent]

Incubator

[dnxte_feature_list_parent _builder_version=”4.9.7″ _module_preset=”default”][dnxte_feature_list_child dnxte_feature_list_title=”Draft a strategy to operationalize its Incubator in the future, which will offer IMT-G students an opportunity to realize their entrepreneurial ventures on-campus. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#D4A415″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Once launched, the incubator will offer structured mentoring support, facilities and networking opportunities to IMT-G students.” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#D4A415″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][dnxte_feature_list_child dnxte_feature_list_title=”Students with credible and innovative business plans will also be offered sabbaticals to run their ventures full time with support from faculty and start-up experts. ” dnxte_feature_list_icon=”%%190%%” dnxte_feature_list_icon_color=”#D4A415″ _builder_version=”4.9.7″ _module_preset=”default”][/dnxte_feature_list_child][/dnxte_feature_list_parent]

List of NISP committee members:

P K Biswas – Dean (Special Projects) Ex-officio
Shalini Rahul Tiwari – Coordinator NISP for IMT Ghaziabad
Amit Jain – External expert, Director – Action for India
Puneet Gupta – Adjunct Professor, IMT Ghaziabad
Nihar Amoncar – Assistant Professor, IMT Ghaziabad

For more information on NISP and to download relevant documents, click here.