AICTE INITIATIVES TO DEVELOP IDEAL ENTREPRENEURIAL ECOSYSTEM TOWARDS BOOSTING STARTUP

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The policy aims to identify students’ innovation and entrepreneurial potential, while transform them into start-up entrepreneurs.

AICTE’s Start-up Policy was launched by the then Hon’ble President of India Shri Pranab Mukherjee on 16th November 2016, is designed in accordance with “Start-up India” Action plan, Govt. of India to guide and promote student driven innovations & start-ups in more than 10,000 AICTE approved institutions across the country.

This is accomplished by developing an ideal entrepreneurial ecosystem and promoting strong inter-institutional partnerships among technical institutions, ecosystem enablers, and different stakeholders.

Collaborative and Convergence Initiatives to Strengthen and Streamline the Start-up Ecosystem in Institutions;

  • – AICTE and Atal Innovation Mission (AIM) of NITI Aayog have signed SoI on 6th July 2017 to promote innovation and entrepreneurship nationwide, while strengthening the link between technical institutions and effective students’ engagement.
  • – This collaboration will facilitates technical institutes to link 1500 Atal Tinkering Labs (ATL) for mentor support and establish strong referral support for Student tech Startups with 100 Atal Incubation Centers (AIC) to be setup over five years of time period.
  • – Joint efforts and outreach workshops were organized in different 2nd and 3trd ties of country to create awareness and guide technical institutions to apply for AICs.
  • – AICTE and Ministry of Skill Development and Entrepreneurship (MSDE) have signed MoU on 13th June 2017 to develop entrepreneurial skills among students and faculties by taking e-education to 3,050 technical and management institutions over the next five years. MSDE has designed an ‘Online Entrepreneurship Education’ program under its PRADHAN MANTRI YUVA YOJANA (PM-YUVA) scheme.
  • – AICTE and Ministry of Small and Medium Enterprises (MSME) have together signed MoU on 13th June 2017 to impart technical skills among graduates, while increasing the employability of students completing their educations and internships.
  • – AICTE and Daegu Centre for Creative Economy and Innovation (CCEI), South Korea, have signed MoU on 3rd Nov 2017 to promote and support international start-ups, international startup exchange and innovation ecosystems development between India and South Korea.
  • – AICTE has signed MoU with CARLETON University, Canada on 15th Nov 2017 to support and promote international collaborations through start-up exchange and innovation exchange between India and Canada while designing collaborative programs in the area of start-up and innovation development in technical institutes and higher education.

Organized National Start-up Contest & Summit 2017

  • – AICTE, in collaboration with VIBHA, organized the National Start-up Summit 2017 on 14th and 15th Oct 2017 at Anna University under the aegis of India International Science Festival (IISF) 2017 at Chennai. This took the shape of a joint mega event of Ministry of Science and Technology and Ministry of Earth Sciences, GoI.
  • – National Start-up Contest launched in August 2017 received more than 5,000 registrations, and 1,177 submissions. Sixty start-ups/teams demonstrated their prototypes during the Summit.
  • – Twelve top teams were awarded with a total cash prize of Rs. 13.75 Lakhs for four different nominated categories of Student/Early Stage Start-up, Faculty Lead Start-up, Growth Stage Start-up, and Institution Supporting Start-up.
  • – NSIT, New Delhi, and GTU, Gujarat have secured top two positions under the Institution Supporting Start-up Category and received the Dr. APJ Abdul Kalam lecture series award worth Rs 3 lakhs each, which will be funded by Atal Innovation Mission, NITI Aayog.

Policy Promotion and Awareness Programs

  • – In partnership with lead technical universities, startup policy awareness events are being organized in various states such as Tamil Nadu, Gujarat, Kerala, Madhya Pradesh, Rajasthan, Odisha, Maharashtra, and Chandigarh (UT).
  • – Leverage through Program Convergence: AICTE is partnering with and supporting other major start-up ecosystem enablers such as DIPP, DST, DBT, NASSCOM, ISBA, NRDC, etc. to strengthen the referral support to student innovations and start-ups with incubation and acceleration centers at International, National, State and Regional levels.
  • – Stakeholder Engagement & Ecosystem Streamlining Workshops

International Start-up Exchange Program Visit to South Korea, 2nd Nov to 9th Nov 2017

  • – As part of MoU between AICTE and Daegu CCEI, South Korea to promote and support international start-ups and innovation exchange between India and South Korea, a nine member startup delegation team lead by Professor Alok Prakash Mittal, Member Secretary, AICTE visited South Korea from 2nd Nov to 9th Nov 2017. The program received a weeklong exposure to the South Korean start-up ecosystem.
  • – These five start-up teams also got the opportunity to exhibit their innovations and pitch in the Global Innovator Festa (GIF) 2017, an international start-up competition held at Daegu on 3rd and 4th Nov 2017, and competed among 60 international start-up teams from China, Russia, India, Korea, USA (i.e., Silicon Valley), etc. Two Indian start-ups, namely DTZlabs and Feynman Innovation, secured top ten positions in GIF 2017. DTZlabs business model is based on delivering STEM (Science, Technologies, Engineering and Mathematics) Education in animated and interactive forms through mobile apps, and the Feynman Innovation business model is to increase the efficiency of solar panels up to 25-35% by using solar autonomous cleaners and solar trackers to remove dust and dirt particles.

Five Indian Startups visited South Korea:

  1. Near Us: Student/Early Stage Start-up; New Delhi
  2. Feynman Innovations: Student/Early Stage Start-up; Karnataka
  3. CPM Industries: Growth Stage Start-up: Gujarat
  4. DTlabz R&D Pvt. Ltd.: Growth Stage Start-up: Karnataka
  5. Ayushmaan: Faculty Lead Start-ups: Karnataka

NPIU-AICTE Joint Implementation of AICTE Start-up Policy Mandate in TEQIP-III funded Institutions

With resource support from MHRD,  National Project Implementation Unit (NPIU) and AICTE Start-up Policy Unit both are working in close coordination to design, implement, monitor, and evaluate the start-up policy mandates in TEQIP –III Mentee institutes. The objective of intervention is to develop a vibrant and ideal entrepreneurial ecosystem by promoting strong inter-institutional partnerships among technical institutions, ecosystem enablers, and different stakeholders.

Key Highlights and Provisions:

Establishment of 175 Startup Centers and 24X7 accesses to facilities and mentor supports to student and early stage entrepreneurs.

  • – Six orientation workshops targeting to 175 Startup Cell Coordinators have been organized at Guwahati, Lucknow, Bhubaneswar, Jaipur, Chandigarh and Ranchi.
  • – Handholding support to Startup Cell and Institutes to build In-house expert capability enhancement to provide quality advisory services to early stage start-ups and innovators.
  • – Strengthen the intra- and inter-institutional linkage and referral support network

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