National Innovation and Start up Policy

Preamble

The ‘National Student and Faculty Startup Policy-2019’ is initiated by MHRD’s Innovation Cell and AICTE. It is a guiding framework to envision an educational system oriented towards start-ups and entrepreneurship opportunities for student and faculties.
The guidelines provide ways for developing entrepreneurial agenda, managing Intellectual Property Rights (IPR) ownership, technology licensing and equity sharing in Start-ups or enterprises established by faculty and student and encourage them to actively pursue path of innovation and entrepreneurship. Our vision is to develop high quality technical human resource capable of doing cutting edge research and innovation and deep-tech entrepreneurship.

The world is changing exponentially and so are we. Cambridge Institute of Technology have always been in the forefront among providers of quality education in Karnataka and leaders in transforming more than 15000 lives. Meeting the fast pace of global change, CIT is accelerating the transformation within the institution to make a better innovative world.

We take pride in our state-of-the-art infrastructure & our teaching faculty who not only create a positive learning environment that encourages Entrepreneurship & Leadership, but motivate students to exercise their knowledge on real-world problems & skills required.

Vision

To become a premier institute transforming our students to be global professionals.

Mission

M1: Develop competent Human Resources, and create state-of-the-art infrastructure to impart quality education and to support research.

M2: Adopt tertiary approach in teaching learning pedagogy that transforms students to become professionally competent technocrats and entrepreneurs.

M3: Nurture and train students to develop the qualities of global professionals.

Guiding Philosophy

We believe in nurturing innovations in an inspiring environment to create a futuristic society of entrepreneurs who would make an active contribution in serving humanity and global sustainability through technology and research.

We create globally relevant and one of its kind teaching-learning-practicing environment led by an industry-academic approach towards education and training development. Consecutively, we adopt a research-oriented design thinking approach in development of human capital.

Ministry of Education (MoE), Govt. of India has established ‘MoE’s Innovation Cell (MIC)’ to systematically foster the culture of Innovation amongst all Higher Education Institutions (HEIs). The primary mandate of MIC is to encourage, inspire and nurture young students by supporting them to work with new ideas and transform them into prototypes while they are informative years.

MIC has envisioned encouraging creation of ‘Institution’s Innovation Council (IICs)’ across selected HEIs. A network of these IICs will be established to promote innovation in the Institution through multitudinous modes leading to an innovation promotion eco-system in the campuses.

Institute Innovation Council (IIC)

Cambridge Institute of Technology established Institute Innovation Council ( IIC ) supported by MHRD and AICTE to encourage students to become employer than employee. Institution Innovation Council started during 2018-19 with Dr. S. Shankar as its President supported by All Heads of Various Departments, IIC coordinators from all departments, Principal and our Management. We at Cambridge are totally committed to update/upgrade our skill and knowledge in line with the stipulations of AICTE/MoE, New Delhi. Our Motto has been reframed as Ideate, Innovate, Design, Develop and Commercialize Lots of activities have been organized in our college, College wise and Department wise on Academic, Co-Academic and Extra Curricular activities in the past and more and more activities are envisaged in the forthcoming days.

We are extremely happy to be conferred upon with a 3 STAR rating for the year 2018-19 and a 5 STAR rating in the year 2019-20 by IIC-MoE, New Delhi.

We have set a high-level benchmark for us to grow and deliver and to emerge as a top 10 Technical Institution of our country within the next 5 years.

Functions of IICs

To conduct various innovation and entrepreneurship-related activities prescribed by Central MIC in time bound fashion.
Identify and reward innovations and share success stories.
Organize periodic workshops/ seminars/ interactions with entrepreneurs, investors, professionals and create a mentor pool for student innovators.
Network with peers and national entrepreneurship development organizations.
Create an Institution’s Innovation portal to highlight innovative projects carried out by institution’s faculty and students.
Organize Hackathons, idea competition, mini-challenges etc. with the involvement of industries.

Entrepreneurship Development Centre

Entrepreneurship Development Centre (EDC) was established at Cambridge Institute of Technology, Bangalore in March 2017.

The Objectives of EDC are

Promote entrepreneurship culture and mind-set among the students of our college.
Develop conducive environment encouraging innovation among aspiring entrepreneurs.
Gain insight into the relationship between innovation, entrepreneurship and globalization.
Adopt suitable strategies for supporting innovation and entrepreneurship.

Major facilities provided by the Citech to establish startups inside the campus

The Facilities will be provided based on the mutual discussion and mutual consent between the CIT, Bengaluru and startup company.

Enabling access to physical infrastructure
Assisting with identification of members for advisory boards and mentors.
R&D labs, Tinkering labs
Help with regulatory compliance.

To promote startup culture and encourage students to become entrepreneurs CIT, Bengaluru planned to provide the following facilities free of cost for the first year. There after based on the mutual consent between CIT, Bengaluru and Startup Company the facilities will be extend.

The following are the services startup companies can avail inside the CIT campus;

Physical Infrastructure

Startup Space: Based on the need of the startup space will be provided without any limitation
Library: Startup can utilize available E-Resources and Physical Books in library to gain and share knowledge for the development of products and services.
Video Conferencing Facilities
High Band Internet connectivity – 500 mbps 1:1 leased line
Power Backup (Limited to Systems)
Seminar Halls / Conference Rooms
Discussion Rooms & tutorial rooms
Smart Class rooms
Internal Guest House
Auditorium – State of the art facility to accumulate 1000 participants.

Process

The National Innovation and Start-Up Policy (NISP) is formed that comprise of Principal/Heads of the Departments/NISP/EDC Coordinator/Department faculty coordinators and selected department students. There will be representation from all departments.
The National Innovation and Start-Up Policy (NISP) is responsible for any initiative taken pertained to entrepreneurial activities and Start – Up conducted in the college, Plan and execute all the activities by giving equal importance to all aspiring students and faculty from all departments.
NISP activities would have an interdisciplinary approach and would have a specific target with regards to number of activities like Seminars/Webinars, Start –Up, Funding for Start – Ups, EDC awareness camps, arranging motivational Speech, industry visits and many more.
Any NISP event planned to be conducted, the information of which would be circulated officially to all departments and the department faculty coordinators along with EDC coordinator, student coordinators, Alumni coordinators and department HoD’s would jointly plan and execute with official permission from the principal.
All such activities would be recorded for future use and every subsequent year such activities would be conducted for the benefit of faculty and students of our Institution.
Alumni, present studying students and Faculty members are actively involved in NISP activities.