In what appears as a major boost among the students to be more innovative, the Gujarat government has, of late, determined to provide a grant worth Rs 200 crore to establish country’s first ever student start up and innovation policy.
It is widely speculated that the policy, which is all set to roll out, will support students to realize their innovative ideas into reality.
While the policy targets to support as many as 1,000 innovations in a year, the policy will also create pre-incubation in universities across the state to convert student’s innovative ideas from proof of concept (PoC) upto minimum viable proto-type (MVP), as reported by Economic Times.
Apart from these, the policy will also provide support for patent filing.
More on the policy:
The policy, which will be monitored by the Education Department, was announced by Gujarat Chief Minister Vijaybhai Rupani.
“The policy’s target is to create a conducive environment enabling 1% of our graduates to become job creators, and the Student Innovation Fund would help develop an innovation and pre-incubation ecosystem across the state,” said Education Minister Bhupendrasinh Chudasama.
Of Rs 200 crore provided by the state government as State Innovation Fund, Rs 100 crore will be proportionately allotted by the state. Whereas the remaining Rs 100 crore will be utilised for other purposes in the form of university and CSR funds.