“₹ 10 Million institute’s own funding for promoting innovation and research culture”

For the past few years, a new trend has been observed within Indian Universities where a lot of effort is going on to promote research, innovation and start-ups. The government has made it mandatory for the Universities to work in this direction. All the major national ranking systems such as NIRF and ARIIA focuses on these areas for judging and ranking the Universities. The NorthCap University has always been a step ahead in promoting the innovation and research culture in the University.

The NorthCap University has instituted this scheme in year 2015 to encourage, support and nurture innovative ideas, research and projects. The scheme aims to build an innovation culture in the university and focuses on enhancing the research, innovation and start-ups ideas amongst research workers, faculty members and students. A fund of ₹ 10 million is allocated for the innovation and start-up activities by the University. Further, to support research, The NorthCap Incubation & Innovation Centre (NIIC) at The NorthCap University is established. The funding from VC Innovation Fund acts as an initial grant to nurture ideas, innovations and to convert them into successful startups. The research initiatives funded through this scheme should be preferably suitable for commercialization of the resulting innovation for societal projects. The use of this fund is to shape meaningful research that can potentially attract funding from the outside agencies and industries in the future. The innovation fund would also support novel and innovative undergraduate projects that may or may not directly yield outcomes in the form of patents or research publications.