NISP- NATIONAL INNOVATION AND STARTUP POLICY

Vignan’s Lara Innovation and Start-up Policy (VLISP-2022) formulated for students and faculty in Vignan’s lara institute of Technology & Science by the Expert committee members as per guideline mentioned by Ministry of Education, Govt of India

Objectives:

1. • Incentivizing Students for Entrepreneurship and Startup pursuits
2. • Incentivizing faculty and Staff for Entrepreneurship and Startup pursuits

Policy:

1. Govt NISP Policy
2. Ap State Start UP Policy
3. VLITS I&E Policy

Highlighting Features:

1. • Creation of ‘Innovation fund’ for supporting innovative projects and Start-ups by allocating minimum 1% of institution’s total budget
2. • 2% - 9.5% Equity/ stake in startup/ company by Institute’s incubator

Important Link:

1. NISP Website
2. Startup India Website

Committee Members:

1	Head of the Institution	Dr K PHANEENDRA KUMAR, Principal , VLITS
2	Convener	Dr K S BALAMURUGAN, Professor/ECE, VLITS
3	Coordinator	Dr P. BHASKAR RAO, HoD & Professor/ME, VLITS
4	Faculty Members	Dr R SRINIVASA RAO
5	Faculty Members	Dr M VENKATESAN
6	Faculty Members	Dr B HARISH
7	Faculty Members	Dr K VENKATESWARA RAO
8	Faculty Members	Dr P. BHASKAR RAO
9	Faculty Members	Dr M JEMIMAH CARMICHAEL
10	Faculty Members	Mr T.V.VAMSIKRISHNA
11	Student Coordinators	VIGNESH RAVULA, III ECE, VLITS
12	Student Coordinators	VEMULA VARSHITHA, VLITS

External Members:

1. • Dr PrasunChakrabarti, Deputy Vice-Chancellor, ITM (SLS) Baroda University, India
2. • Dr P R Murthi,, IPR Head, Neoland Lab, Hyderabad.
3. • Dr. M Kalamuthumari, RuralCare Innovators LLP, Bangalore.

Email Us: nisp_vlits@vignan.ac.in