Encouraging entrepreneurship at the student level-NSSP

Encouraging entrepreneurship at the student level-NSSP

Posted by Naveen on December 21st 2016

The All India Council for Technical Education’s National Student Start-up Policy (NSSP) which was recently released, aims to encourage entrepreneurship at the student level and sync with the Prime Minister’s Start-up India Action Plan to speed up the process of turning India into a global start-up powerhouse, by making entrepreneurship one of the mainstream career choice for students and empowering students to become job providers.
AICTE Committee 
The policy was framed under the aegis of All India Council for Technical Education (AICTE) Chairman Anil Sahasrabudhe who formed two high-powered committees to formulate the NSS Policy. 
The Policy Designing Committee Chairman was Dr. Akshai Aggarwal, VC of Gujarat Technological University (GTU) who had earlier created a unique model of entrepreneurship development in Gujarat and the Policy Implementation Committee Chairman was Mr. Sanjay Inamdar, a graduate of MIT and a first generation entrepreneur. 

Objective of NSSP
This policy is mainly intended to guide AICTE approved academic institutions to support the “Start-up India” programme launched by the Government of India. This policy will also support Technology Business Incubators (TBI) in creating new number of student startups and entrepreneurs pan India.
It aims at creating 100,000 student start-ups over the next 10 years creating over one million new jobs in the country by 2025.
For funding incubators and start-ups for the roll out of the policy, AICTE will act as a knowledge partner to NITI Ayog, Department of Science and Technology, Department of Industry Policy and Promotion, Ministry of Skill Development and Entrepreneurship, Ministry of Micro, Small and Medium Enterprises and Ministry of Electronics and Information Technology.
Emphasis on encouraging entrepreneurship and start-ups in educational institutions will be laid down. 
The curriculum pattern would include 40 per cent skills based courses, 30 per cent knowledge related courses and 30 per centattitude related courses.
Provision for a fund to support start-up events and fest that would be organized at national and international levels woudl be set up.
Rs. 10,000 crore will be invested through the venture funds registered with SEBI and interested to support student startups.
To develop hard and soft infrastructure like testing labs, IT labs, tools room, design studios, data set, laboratories, video-conferencing facilities and research and analysis labs in the academic institutes.
An initial annual outflow of Rs. 20 crore will be provided to help student start-ups in institutes.
The policy will encourage science and technology students to choose entrepreneurship as their career and motivate them to convert their research projects into a workable start-ups.
Provide hand-holding support and equip rural and urban students with the right set of skills and resources for launching, managing and running their business enterprises successfully & contribute to the Indian economy.
For more details about the National Student Start-up Policy please click  http://www.aicte-india.org/downloads/Startup%20Policy.pdf


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