JANSONS INSTITUTE OF TECHNOLOGY Karumathampatti, Coimbatore ~ 641 659. NATIONAL INNOVATION AND START UP POLICY (NISP) FOR STUDENTS AND FACULTYJANSONS INSTITUTE OF TECHNOLOGY NATIONAL INNOVATION AND START UP POLICY YOR STUDENTS AND FACULTY Vision: ‘To east the students and foculty members of JIT as high-quality technical human resources by perfomning cuting-edge research, innovation, entepreneurship, and start- ups To identify and motivate budding entrepreneurs To assist enlrepreneu's in product development “To establish an ecosystem with support facilities and start-up services To lize Industy-Isttutional Partnership asa [Network with Regioral and National Start-up Ecosystems Industry Support, Coporate& Private Partnership Linkage. Technology Commenialization. Objectives “To educate the students and faculty members sbout the various Government and other agency initiatives on Research, Innovation, Entepreneurship, Startups by conducting various workshopslseminarslcampaigns ‘To fweiltate the stents and faculty members in terms of Itllectual Propesty (IP) ‘ovvnership management, technology licensing, and equity sharing f “To establish a vibra and dynamic Start-up Beosystem within the institution. ‘To help the start-up aspirants in preparing their business proposals, pitch mee provtype development, et. To evaluate and approve the start-ups propose by the students and facully members of ar.‘Short-serm Goals: + Developing eritial thinking skills to motivate students and faculty with entrepreneurial abilities. + Building innovation nd incubation ecosystem by providing resources available at the Institute, + In-house competency development to serve potentiality to the incubators. ‘+ Strengthen the inta and inter-institutional linkage with ecosystem enablers at different level Long-term Goals: + Innovation, Pre-ineuation, Incubation, and Star-up fetes on the campus + Academic courses oF ted bythe institute on Innovation, IPR, and Start-ups + Obtaining siete end technical patents from Incubators and Star-ups ‘+ Collaboration, Co-Creation and Technology Exchange and Commercalization ‘+ Fmerging successful Innovation and Start-ups ftom the Intute + Increase technical employment sate through self-employment by Start-ups + Creating societal ethical, and technological entrepreneurs through National Innovation and Start-up Policy, ables: “+ Inculeaing awareness on Innovation and Star-ups among stents and faculties + Imparting education on Innovation and Entrepreneurship development + Providing Stateof-at facies + Enterprise support fiom Center for Corporate Responsibility (CCR) + Arena with skilled professionals to make Industry realy + Consftuing Advisory Services Committe to address grievances + Promoting ative Research & Advocacy 4+ Iner-Department linkages and Inter-nsitutional Linkages, + Organize Workshop: /Lectues!SeminarveTalk/Boot Camp ete + Conduct online and classroom ed ion an training & mentoring + Integration of Experiential Learing+ Bstulistanent of Strtup Cell Scout, Recognize Support Ideas, novation, and Start-ups + Innovation snd Start-p Repository Build-up + Setup Advisory Service Expert Pool + Teaining-FDPsand EDP 1 Inccatives for exper: ftom Industry 1+ Research Studies and Advocacy Programs 4+ Mentor, Start-up Cell Network, Business & Referal Service + Convergence and Leverage for Govt. Schemes and Programs 1 Level Events + Organize National ant Region ‘Thrust Aveas of NISP A. Strate ‘© A senior professor appointed ae NISP coordinator and will be responsible for the ‘and Governance for Promoting Innovation & Entrepre activities of formulating the startup policy. ‘+ NISP coordinator along with the team of Insitute Innovation Counei, Enitepreneurship Development Cell, IEDC, new-gen IEDC to promote and implement the Innovation and Entrepreneurial activities inside JT JIT will create a space for enhancing the intra and inter-institutional relationship to promote the BAe agenda ‘+ JET will provide services and fails to outside Entrepreneurs too. 1% fund will be allocated in the total annual budget for the establishment and ‘maintenance ofthe Imovation and Entrepreneurship ecosystem inside the institution ‘+ AIT will raise funds om diverse sources lke stte and central agencies. ‘+ JIT will provide Incbation Fund support under CSR, seston 135 of the company Act 2013 ‘+ JIT will att spoasorship, donation, and other technical support ffom the Alumni network,‘AA. Creating Innovation Pipeline and Pathways for Batreprencur A2, Building Organi LUT will ensite # macimum stident fo participate and to through the preincubation process of Problem ientifistion, Solution Development, Prof of Concept validation ‘and prototype development, business model, and proposal development JIT through CCR aud UP aetvities, link and collaborate their Incubation unit with external agencies ant ecosystem enables and provides network support to incubate startups SIT HC and CCRAU aetviies will help the student Eatrepreneurs by connecting them ‘ith incubating starts for temships, experience sharing and encouraging participa fof students in innovation axl business plan competitions, and organizing such competitionsfhackathons on campus. ial capacity, Human Resources, and Incentives: JIT will recruit staf who have a stoag innovation and Entrepreneurial findustrial ‘experience behavior and atitude and this has held in fostering the 1&E agenda and culture of JT. Faculty and Departirents of JIT will work in coherence and eross-departmenta fnka nd maximum utilization of internal resources and knowledge. The faculty and staff members of JIT will be encouraged to do ourse/iningcentieaions on innovations, Entrepreneurship, aa TPR. IT will establish the academie and non-academic incentives and reward meckanism for all th sta, faculty, and al the stakeholders |A performance max is available and used for evaluation as part of the annual performance and contribution of fcully/ta towards achieving the KEE agenda, laboration, Co-creaton and business relation hip Knowledge exchange: JIT will develop a poly oF guideline document for forming. and managing the relationships with exermal stakcholdersincluing private and other industries. SIT CCR — UP aesivities is organizing various knowledge exchange programs for students, faulty, and staff members by collaborating and establishing parnerships with the coxporate/indusies.“© J1T has tndustial and Commereial cullatorations wih industis fo enoure maximum ‘exploitation of Entrepreneurial opportunities for the staksholders Stakeholders’ iamovaiveideasbusness models are collet in an iden portal and are used asa Repository of dens Such platforms will be enhanced or will be established so dat PoC’, Innovations, and ‘Startups ean be managed ‘© Knowledge developrrent will be done through the development of innovative knowledge platforms using ICT capabilities. 1B, Norms for Faculty and Studentdriven innovations and Startups BI. Incentivizing Induction programs shout the importance of I&E will be conducted to the first-year students, So that fresly inducted students are made aware ofthe entrepreneurial agends ofthe institute and available support systems ‘JET will support the students in tems of providing an address for their inubation cell, semester break, altendanee, and accommodation, + JIT HC will organize competitions boot eamps, workshops and constitute various awards for students in association with the existing student clubs! professional socities!departments + ‘Innovation & Entrepreneurship Award” to recognize outstanding ideas, soccessil enterprises, and contibutors wil be the regular practice ‘+ Innovation champiors would be nominated within the students! faculty stall for each “depactment of study. ‘+ Students wil be encouraged fo set up Technical / Socialfoontechnicl Startup ‘+ Students willbe pent 10 work in par-time mode’or as an intern fora startup while studying ‘+ Students Entrepreneurs willbe permitted to use the adress of preincubation incubation unit o reper their venture while studying at JT.2. Incentiviing Faculty for innovation and Entrepreneurship: The faculty are permitted to start startup based on the technalogy developed in JIT nb orpreviously develored anywhere else but have ownership on IP. ‘© Faculty and sta? ae permitted to take off for a semesteryear as unpaid leave for ‘working on startup ad coming back ‘+ In ease faulty/staff is drawing a salary from Institut, institute's stakelequity on startup should be limited 19 20% of the total share of fcultystalf oF 9.5% of total stake whichever is minim, + Role of facully while teaching may be as_—_owne/fourlerico- founderidiretorirorotefadviserimentorfconsulant but can't take the role of the ‘employee as CEO or another managerial role in hsther startup and can't draw a salary fiom startup and can't accept gifts from his own startup. He / She can take share on Profit and dividend only i any from startup as owner/shareholder ‘+ Faculty must clearly separate and distinguish ongoing research at J1T fiom the work conducted atthe starpfeompany. + Incase selection for acceleration or incubation, heshe may take unpaid leave for one semester or year asd on committee recommendation + Faculty mus not involve research staf or other staff engaged in aeademie projects ofthe institute in ative tthe startup, CIne sation and Pre-Incabation support facility creation and access: + Pre-Incubation and Incubation support facilities wil be ereated as per SPV ~ Seeton 8 of Company At. ‘= The ivlties can be accessed by the pre-ineubation and Incubation aspirants (Studenvfacultystaff) onal the days round the clock,he pre-incubaton and incubation services willbe provided and streamlined. Mentoring support will be provided to them in ret for fees, equity sharing or zro payment basis. in retum for services offered (Space, Infiastrcture, mentorship, seed fund, acountant, egal and patent support) snd use of facilites at incubation unit may take 2- 9.5% equity Inthe startup incubated ‘Inthe ease of the compulsory esity model, a startup may be given a cooling period of 3 ‘months to use the inesbation services on a rental asis to take a final decision >. P ownership rights for jechnologies developed at JIT: ‘+ If fuss and/or resources of JTF ave used substantially forthe technology development, then IPR should be made jointly by Institute and inventor and license together an revenue sharing should be among te partes. © Irany one of the inventors yan o start slvtup based on the technology developed as shove, then it ean be icensed to Inventor with royalty would be no more than 4% of sles price, preferably 1-2%, unless itis pure software product. Ie itis inform of shaves, then i wil be again between 1-4 %. In the ease of software technology, then the share divide is based on mutally decided between the JIT Incubation unit and incubated company. (On any dispute on IPR ownership and revenue sharing and lensing, hen a five-member commie set yp aT wil lk into the matter and recommend Interdisciplinary research and publication on startup and Entrepreneurship will be promoted by JIT. Pedagogy and learning interventions for Entrepreneurship Developmen + Diversified apprcsch should be sloped to proce desired learning outcomes, which sould inchude cosraiciplinry eaming wing mentors, labs, eave stuae, games, te in place of tditionalleture-based delivery. + Foveepreneurship education willbe imparted to students a curricular co-curricular! extracurcular level through electve/short term or long-term courses on innovation,entrepreneurship, and venture development, Validated leaing outcomes should be mae avaiable tothe students. + Pedagogical modifications need to be done to ensure that the maximum number of student projects and innovations are based on reablife challenges, Learning imerventions developed by JIT for inculcating. entrepreneurial culture will be constantly reviewed and update. Entrepreneurial performance Impact assessment Impact assessment of J's Entrepreneurial iniitives suchas pre-ineutation, incubation, entrepreneurship edcalion will be performed regularly using well-defined evaluation parameters «© Formulation of strategy and impact assessment should go hand in hand, ‘The information ‘onthe impact of the activities should be atively used while developing and reviewing the entepreneural strategy: Impact assessment for measuring the suocess should be in terms of sustainable social Financial, and technologie impact in the market, For innovations at pre-commereint stage, development cf sustainable enterprise mode is eritca. Commereial success isthe ‘only measure in Fong run Dr.V.Nagarajan P Yseo rt Sansone att ef eholagy P cpomTAn Janson ast fT al SIT WISP Coimbatore - 641 659 aorammaior