National Innovation and Start-up Policy (NISP)

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SMVITM Innovation And Start-up Policy (SMVITM-ISP)

Vision

To prepare next generation Entrepreneurs who would contribute to the Economic and Social Development of India.

Mission

To foster entrepreneurial thinking, promote, facilitate the business knowledge. Develop aspiring entrepreneurs into motivated, ethical and dynamic business leaders.

Short term Objectives

To inculcate the entrepreneurial culture into their minds.
To organize Entrepreneurship Motivation Programs

- Skill development programs (SDP)
- Entrepreneurship Awareness Camps (EAC)
- Entrepreneurship Development Programs (EDP)
- Faculty Development programs (FDP)
- Competitions to unleash the entrepreneurial potential among students.

To aid them in initiation of industries and Business.

- Collaborate with entrepreneurship promotion agencies, and organizations
- Leverage good student projects
- Product Identification
- Provide escort service for obtaining loan and other approvals.

To Promote Innovation and create an entrepreneurial culture in the institution.

- Provide services, information and guidance to budding entrepreneurs.
- Establishment of entrepreneurship Incubation centres

Long Term Objectives

To assist them in starting industries of their own right from
Product Identification (PI)
Market Survey, tools for market research
Preparation of Project Reports
Assist them in getting Technical feasibility Reports
To associate with DST, CII, MSME for transferring world class facility for ED CELL and IIC activities.
Provide a proposal for students to develop innovative products and to generate production opportunities.
Improve quality of research work among students and to attain patent which can be commercially used in production.
To spread understanding to faculty and students regarding IPR related activities.
Strategic partnership linkage to procure fund from AICTE for IIC Cell.