National Student Startup policy launched by President

The President of India, Pranab Mukherjee has launched the National Student Startup Policy during the second Visitor’s Conference.

Key facts

• The National Student Start-up Policy has been formulated by the All India Council for Technical Education (AICTE) to propel Indian youth to contribute to the nation’s socio-economic progress.
• It aims to achieve this by promoting technology-driven student start-ups. It envisages to create 1 lakh technology based student start-ups and a million employment opportunities in the next 10 years.
• By developing an ideal entrepreneurial ecosystem, the policy aims to lend crucial soft skills such as decision-making in the students. Apart from this, it aims to promote strong inter-institutional partnerships among technical institutions.

Significance

In order to turn our evolving demographic configuration into our strength, an adequate number of jobs has to be created. Otherwise, the restlessness and frustration of youth will create unrest and disturbances in the society. At this juncture, National Student Start-up policy is significant in channelizing youth to contribute to the nation’s progress.

Second Visitor’s Conference

Second Visitor’s Conference is a conference of Vice Chancellors/Directors/Director Generals of Institutions of higher learning for which the President is a visitor. This is the second time that such a conference has been convened by the President which has brought together all heads of higher education institutions in one forum. In the past, separate conferences were held for Vice Chancellors of Central Universities, Directors of NITs, IITs, IISERs and IISC.