Soon, an out-of-the-box final year project of a B. Tech student will get government support and mentorship by industry leaders.
The key proposal included in the State innovation policy aims at encouraging young techies to cash in on opportunities emerging for start-ups across the country.
“About 30 per cent of the companies incubated at Startup Village consist of student start-ups. With the start-up policy coming out, student entrepreneurs will have a very supportive climate to work in. Conversion of final year project into a start-up is one such idea that would boost entrepreneurship on the campuses,” said Pranav Kumar Suresh, Chief Executive Officer of Startup Village, Kochi.
The draft innovation policy has suggested that nodal incubators on the campuses could create an online portal having details of the final year projects of B. Tech students. The aim is to avoid duplication.
Student entrepreneurs working on a start-up idea even from the first year of college could be permitted to convert their proposal as their final year project. Mentors assigned by incubators would be involved in the conduct of viva voce.
The government will provide financial support to incubators for bringing international consultants, mentors and for hiring and training fresh local talents. College-level entrepreneurship development clubs will be established through incubators to foster innovation and entrepreneurial spirit.
