Ministry of Education (MoE) formerly called Ministry of Human Resources and Development (MHRD) launched the National Innovation and Start-up Policy (NISP) for Students and Faculty members in 2019 to outreach the innovation culture in the nation. The guidelines framed in the NISP provide the pathway for framing Innovation and Entrepreneurship Policy in Higher Educational Institutions (HEIs) and implementing the same in respective HEIs. The objective of NISP is to bring India in to the top 5 in innovation index ranking.
The National Innovation and Start-up Policy 2019 for students and faculty of Higher Education Institutions (HEIs) will enable the institutes to actively engage students, faculties and staff in innovation and entrepreneurship related activities. This framework will also facilitate Ministry of Education in bringing uniformity across HEIs in terms of Intellectual Property ownership management, technology licensing and institutional start-up policy, thus enabling creation of a robust innovation and Start up ecosystem across all HEIs
Government of Tamil Nadu proposed the “Tamil Nadu Start-up and Innovation Policy” (TNSIP) for the period 2018 – 2023 with a vision to make Tamil Nadu a Global Innovation Hub and the most preferred destination for Start-ups by 2023.
P.A.C. Ramasamy Raja Polytechnic College (PACRPC) a part of the Ramco group which has more than 60 years of industrial exposure is committed to fulfill the objectives of NISP and TNSIP with a contribution from its side by enabling an innovation and entrepreneurial ecosystem. As a road map to this missionary vision, the PACRPC Innovation and Start-up Policy is formulated under the guidance of experts from various fields including all the stake holders.