This policy is intended to guide AICTE approved institutions when implementing the government’s ‘Start-up India’ initiative. The curriculum in these institutes will have 30% knowledge related courses, 40% skills based courses and 30% attitude related courses.
To bolster the start-up eco-system in India, the government has also proposed to introduce start-up fests at national and international levels. It has made a provision in its National Start-up Policy to set up a fund with an initial corpus of Rs 2,500 crore and a total corpus of Rs 10,000 crore over a period of four years (i.e. Rs 2,500 crore per year).
The Fund will be about the nature of start-up for the funds, which means that it will not invest directly into the start-ups, but shall participate in the capital of Sebi registered venture funds. AICTE can facilitate its institutions to connect, network and use funds which apparently support campus start-ups.
An Infrastructure Fund with an initial annual outflow of Rs 20 crore shall be set up to support start-ups in academic institu-tes. It will fulfill requirements of hard and soft infrastructure such as physical infras-tructure for demand analysis data set, testing labs, design studio, IT labs, tool rooms, video-conferencing facilities, etc.
Source: The Financial Express