AICTE & Ministry of Education’s Innovation Cell (MIC) Celebrate National Start-up Day

• Hon’ble Prime Minister of India, Shri Narendra Modi announced 16th Jan as National Start-up Day
• Celebration of National Start-up Day with 75 Innovative Technologies with Start-up potential received funding assistance and mentoring support from the Ministry of Education’s Innovation Cell and All India Council for Technical Education (AICTE)
• The culmination of Innovation Week Celebration as part of the ‘Azadi Ka Amrit Mahotsav’. 

New Delhi, 16th January 2022: The All India Council for Technical Education (AICTE) and the Ministry of Education’s Innovation Cell (MIC) today celebrated the ‘National Start-up Day’ and highlighted 75 innovative technologies with start-up potential to receive grants assistance, mentorship, and incubation linkage support.

 These innovations were part of the e-exhibition held during the Innovation Week that started on January 10. During the Innovation Week, more than 500 innovations and startups showcased their work virtually. The Innovation Week concluded today with an announcement of marking the day as ‘National Start-up Day’ by Hon’ble Prime Minister of India, Shri Narendra Modi.

The innovations and start-ups were selected from a host of programs like the National Innovation Contest, Smart India Hackathon, and Toycathon that were conducted by the Ministry of Education.

These 75 innovations and start-ups have developed a range of technological solutions and services that will work across 16 different themes and sectors. 

Among the start-ups, ‘BioMANS’ (Bio-Based Biodegradable Advance Material) produces a wide range of utility products for daily use like carrying bags, medical bibs, cotton earbuds, disposable cutlery, etc. from agricultural waste. The start-up is working to curb single-use plastic pollution. 

Another start-up named “Fenice Technical Solutions” incubated at Dr. MGR Educational and Research Institute offers solutions in Robotics and Drones segment. Their innovative product ‘Clog Removing Autonomous Bot’ (CRAB) is to clear blocks and clogs in underground sewer and metro pipelines. 

“Motion Sensing Glove” is a unique technical tool to assist physiotherapists has been developed by a team of students and is currently being incubated at Punjab University.

The device suggests the best and optimal moves for a patient undergoing physio rehabilitation treatment. The founding team is working in the direction to use AI and ML-based data analysis to further improve its usability. 

The MoE’s Innovation Cell and AICTE offers a wide range of policy programs and handholding initiatives to promote and support innovation and startups in educational institutions

Prof. Anil D Sahasrabudhe, Chairman, AICTE emphasized that: “Toycathon and Toy Business league (TBL) are best platforms for both school and college students to collaborate with industries to commercialize their creative outputs. So far 55 toy manufacturers have collaborated with Toycathon winners to refine and manufacture their products”.

Commenting on the success of the program, Dr. Abhay Jere, Chief Innovation Officer (CIO), MIC, said: “We started with 30,000 ideas from students and faculty. After multiple levels of screening, scrutiny, and training, we have now identified 75 innovations that have really good start-up potential. We are offering them funding support up to Rs.10 lakh each and will monitor their progress for the next two years”.

Highlighting the importance of the initiative, Prof. M.P. Poonia, Vice-Chairman, AICTE, said: “The AICTE has already introduced and institutionalized a new academic program at master’s level on Innovation, Entrepreneurship and Venture Development (MBA/PGDM in IEV) for technical institutions with incubation units to offer this program.

So far 21 HEIs are running this program and helping young minds to undertake the career of innovation and start-up as part of the academic. This academic program is a reformative step and aligned with NEP’s multidisciplinary approach and to produce job creators from academic institutions”.

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