NISP cell

1. Strengthen Innovation Ecosystem: Build a strong innovation culture that encourages creativity and entrepreneurial spirit among students and faculty.
2. Encourage Quality Entrepreneurship: Provide clear and accessible pathways for the development of innovative ideas into market-ready products.
3. Facilitate Industry Collaboration: Establish partnerships with industries and external stakeholders to provide students and faculty with real-world challenges and opportunities for innovation.
4. Support Sustainable Innovation: Ensure long-term success and sustainability of start-ups and innovations.

1. Vibrant Innovation Culture: A noticeable increase in the number of innovative projects initiated by students and faculty, leading to a dynamic environment where creativity and entrepreneurial thinking are integral to the institutional culture.
2. Successful Product Commercialization: A higher rate of innovative ideas being transformed into market-ready products, with a clear pathway from concept to commercialization, resulting in successful start-ups that enter the market with competitive offerings.
3. Strengthened Industry Partnerships: Active collaborations with industry partners, leading to joint research and development projects, internships, and mentoring opportunities that enhance the practical experience of students and faculty, and increase the relevance and impact of their innovations.
4. Long-term Start-up Viability: The emergence of start-ups that not only launch successfully but also achieve long-term sustainability and growth, contributing to the economy and maintaining a presence in national and global markets over time.

1. Strengthen Innovation Ecosystem

• Organize Innovation Workshops and Hackathons:

◦ Conduct regular workshops, hackathons, and innovation challenges to encourage creative problem-solving and innovation among students and faculty.

• Establish Innovation Clubs:

◦ Create student and faculty-led innovation clubs that provide a platform for discussing ideas, collaborating on projects, and fostering a culture of innovation.

• Develop an Innovation Portal:

◦ Set up an online platform where students and faculty can share ideas, collaborate on projects, and access resources related to innovation and entrepreneurship.

2. Encourage Quality Entrepreneurship

• Implement Incubation and Mentorship Programs:

◦ Establish an incubation centre that provides mentorship, resources, and support for transforming innovative ideas into viable start-ups.

• Conduct Entrepreneurship Bootcamps:

◦ Offer intensive bootcamps focused on developing entrepreneurial skills, including business model development, market analysis, and pitching to investors.

• Create Funding Opportunities:

◦ Set up a seed fund or connect with venture capitalists and angel investors to provide initial funding for promising start-ups.

3. Facilitate Industry Collaboration

• Establish Industry-Academia Partnerships:

◦ Form partnerships with industries to facilitate collaborative research projects, internships, and innovation challenges that address real-world problems.

• Organize Industry Networking Events:

◦ Host networking events, seminars, and guest lectures that bring industry leaders to campus to interact with students and faculty.

• Develop Co-Innovation Projects:

◦ Collaborate with industry partners on co-innovation projects where students and faculty work on industry-relevant problems with direct input and mentorship from industry experts.

4. Support Sustainable Innovation

• Provide Long-term Mentorship:

◦ Establish a long-term mentorship program where experienced entrepreneurs and industry experts guide start-ups through different stages of growth.

• Monitor and Support Start-up Progress:

◦ Implement a tracking system to monitor the progress of start-ups and provide ongoing support in terms of business development, scaling, and accessing new markets.

Sr. No.	Name of Activity	Brief Details of Activity	Tentative Date
1	Design Thinking, Problem Solving through Critical Thinking	The session sought to provide students with real-world insights into innovation and entrepreneurship. Through the speaker’s personal experiences, the event aimed to motivate students to think creatively and adopt problem-solving approaches using critical and design thinking methods. The talk is aligned with the goals of the NISP Cell to enhance students’ entrepreneurial mind-set.	27-09-2024
2	My Story – As an Innovator	The objective of this session is to inspire and motivate students by providing them with first-hand experiences from successful innovator and entrepreneur. The invited speaker will share their journey, challenges, and successes in the field of innovation, offering valuable insights into the process of translating ideas into impactful products and ventures.	28-09-2024
3	Developing Online Repository of Ideas Developed and Way forward Plan	This event is designed to establish a digital platform where students and faculty can systematically upload and showcase their innovative ideas. The repository will serve as a collaborative space to exchange feedback, encourage peer-to-peer learning, and facilitate cross-disciplinary interactions. The event will guide participants on how to structure their ideas effectively and how to develop a strategic “way forward” plan for taking these ideas from concept to execution.	26-10-2024
4	Expert talk on Process of Innovation Development, Technology Readiness Level (TRL); Commercialization of Lab Technologies & Tech-Transfer	This expert talk will focus on providing students and faculty with insights into the critical stages of innovation development and the processes involved in taking laboratory technologies to the market. The session will be led by an industry expert with extensive experience in technology commercialization and tech-transfer. This session aims to equip participants with a comprehensive understanding of how to navigate the path from research and innovation to commercialization, thereby enabling them to better position their innovations for real-world impact.	25-01-2025
5	Session on Achieving Problem-Solution Fit and Product-Market Fit	This event will focus on two crucial stages in the startup and innovation journey: Problem-Solution Fit and Product-Market Fit. It aims to help students and innovators understand how to ensure their solutions effectively address real-world problems and how to position those solutions to meet market demands.	15-02-2025
6	International Women’s Day	As part of the NISP Cell’s initiative to foster innovation and entrepreneurship, the International Women’s Day celebration will focus on empowering women innovators and entrepreneurs within the institute. The event will highlight the vital role women play in driving change, fostering creativity, and contributing to the innovation ecosystem.	08-03-2025
7	Workshop on Business Model Canvas (BMC)	The workshop on “Business Model Canvas (BMC)” is designed to provide students and aspiring entrepreneurs with a practical understanding of structuring and presenting business ideas effectively. Participants will learn the nine building blocks of the BMC, including key partners, activities, value propositions, customer relationships, channels, customer segments, cost structure, revenue streams, and key resources. Through hands-on exercises, they will create their own BMCs for real or hypothetical startup ideas, allowing them to optimize each business model component. Interactive sessions will feature group discussions and analysis of successful models across various industries. Expert mentors will offer feedback, helping participants refine their canvases and explore market opportunities. By the end of the workshop, attendees will be equipped with the skills to develop sustainable business plans and strategies for scaling their ventures.	29-03-2025

Sr. No.	Name of Student	Year/Program/Branch
1	Harikrishna Panchal	2nd Year / B Tech / CE
2	Aaditya Devadiga	2nd Year / B Sc. Agri.
3	Biswajeet Rout	1st Year / B Tech / CS
4	Atharva Khandelwal	1st Year / B Tech / CS