Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » India
2-min read

AICTE Directs Engineering Colleges, Tech Institutes to Draft 'Conflict of Interest' Policy for Start-ups by Faculty Members

A senior AICTE official said that the policy will consider start-ups, participation in start-up related activities in addition to teaching, research and development projects.

PTI

Updated:October 13, 2019, 12:02 PM IST
facebookTwitter Pocket whatsapp
AICTE Directs Engineering Colleges, Tech Institutes to Draft 'Conflict of Interest' Policy for Start-ups by Faculty Members
Representative image.

New Delhi: The All India Council of Technical Education (AICTE) has directed engineering colleges and other technical institutes in the country to draft a "conflict of interest" policy for start-ups established by faculty members to ensure their regular duties do not suffer.

The Human Resource Development (HRD) Ministry's technical education regulator had recently come up with a policy for students' start-ups in technical institutes. However, there is no policy defining the dos and don'ts for the faculty members involved in start-ups on campuses.

According to the policy for students' start-ups, participation in start-up related activities by faculty members will be considered legitimate. This is in addition to teaching, research and development projects, industrial consultancy and management duties and must be considered while evaluating the annual performance of the faculty.

"For better coordination of the entrepreneurial activities, norms for faculty to run start-ups should be created by institutes. Only those technologies should be taken for faculty start-ups which originate from within the same institute," a senior AICTE official told PTI.

"Institutes should work on developing a policy on 'conflict of interest' to ensure that the regular duties of a faculty member don't suffer owing to his or her involvement in the start-up activities," the official said.

According to the AICTE, the faculty members are allowed to set up their own start-ups even without the involvement of students, but they must distinguish the on-going research at the institute from the work done at the start-up.

"Role of faculty members may vary from being an owner, direct promoter, mentor, consultant or as on-board member of the start-up. Faculty start-up may consist of faculty members alone or students or faculty of other institutes or alumni or other entrepreneurs," the official said.

"Faculty must clearly distinguish the on-going research at the institute from the work conducted at the start-up or company. In case of selection of a faculty start-up by an outside, national or international, accelerator, a maximum leave (either paid or unpaid) of one semester or even more, depending upon the decision of review committee constituted by the institute, may be permitted to the faculty," he added.

The council has warned that the faculty must not accept gifts from the start-up and not involve research staff or other staff of institute in activities at the start-up.

"Human subject related research in a start-up should get clearance from ethics committee of the institute," the official said.

The start-up policy notified by the AICTE last month has been developed to facilitate the HRD Ministry's efforts to bring uniformity across higher education institutes in terms of intellectual property ownership management, technology licensing and institutional start-up policy.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results