Shimla, Jul 5 (PTI) Chief Minister Sukhvinder Singh Sukhu on Sunday said the state government approved the State Innovation Policy for Technical Education Institutions, along with the State Innovation Fund implementation guidelines (2026-2028), to foster entrepreneurship and a startup culture across the state.
He said the policy aims to transform the state into an emerging hub of innovation by empowering students, faculty members and startups to turn innovative ideas into practical, technology-driven and market-ready solutions.
“It provides a comprehensive framework for prototype development, startup incubation, seed funding, intellectual property management, capacity building and industry collaboration, while ensuring transparency, accountability and measurable outcomes,” he said.
“To support the policy’s implementation, the Government created a State Innovation Fund with a total outlay of Rs 2 crore for the period 2026-2028. The fund will provide micro-grants for prototype development, seed funding for promising startups, financial assistance for strengthening incubation centres, innovation competitions, boot camps, faculty and student training programmes and industry and CSR-supported co-funding initiatives. The policy also emphasises inclusive innovation by encouraging greater participation of women, Scheduled Castes, Scheduled Tribes, and rural youth in the technical education and startup ecosystem,” he said.
The Director, Technical Education, Vocational and Industrial Training, will serve as the nodal officer for policy implementation. Institutional-level Cluster Innovation Committees and a State Innovation Advisory Group will oversee project selection, fund utilisation and overall implementation to ensure effective and time-bound execution.
The chief minister said the policy would establish a uniform framework for intellectual property ownership and revenue sharing. He said innovations developed under the programme would remain the property of the innovators, while educational institutions would retain non-exclusive rights for academic use.
He said the initiative would accelerate innovation-led economic growth, generate employment opportunities, strengthen the startup ecosystem and encourage greater participation of youth from all sections of society.
He said the government would comprehensively review the policy after two years, assessing key outcomes such as prototypes developed, startups established, intellectual property registrations, employment generated and external investment mobilised. PTI COR ASD ASD
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