Institute · Cells & Centres

BEC Innovation & Entrepreneurship Policy

Basaveshwar Engineering College has framed an innovation and entrepreneurship policy for students and faculty, aligned with the National Innovation and Startup Policy framework.

About

About BEC-IEP

Basaveshwar Engineering College (BEC), Bagalkote has framed the innovation and entrepreneurship policy for students and faculty of the college.

The BEC innovation and entrepreneurship policy has been framed in line with guidelines given in the NISP 2019 policy document. The policy at BEC aims to provide services, support and facilities available for potential innovators and entrepreneurs to excel in the field of innovation and entrepreneurship. The current text reflects the revised 2026 edition of the policy.

Vision

To develop an indigenous, innovative entrepreneurial ecosystem for sustainable start-ups that address societal needs.

Mission

Establish an incubation centre with a multidisciplinary environment.
Nurture aspiring entrepreneurial minds to transform innovative ideas into feasible commercial entities.
Provide a platform to engage in innovation and start-up activities — trainings, conferences, workshops, seminars and competitions.
Promote business aligned with the region's unique areas of opportunity.
Promote start-ups in the key thrust areas of engineering and technology by strengthening industry–institute collaboration.

What the policy offers

Key provisions

Highlights from the BEC Innovation & Entrepreneurship Policy (Revised 2026) for student and faculty innovators.

Governance & funding

A dedicated Technology & Business Incubation Cell (TBIC) drives the campus entrepreneurial ecosystem and serves as the Single Point of Contact (SPOC).
A minimum 1% of the total annual institutional budget is allocated to a separate 'Entrepreneurship Fund' for innovation and start-up activities.
Funds are raised from DST, DBT, AICTE, BIRAC, Startup India and other agencies, CSR (Sec. 135, Companies Act 2013), alumni and sponsorships.

For student entrepreneurs

Students may set up start-ups (including social start-ups) or intern part-time while studying, and earn academic credits for innovative prototypes and business models.
A start-up may be opted for in place of a mini/major project, seminar or summer training, with a semester/year academic break permitted under TBIC approval.
Exam eligibility relaxations and campus accommodation are available to incubatees with due permission from the TBIC.

Equity, IPR & faculty norms

For services, infrastructure, mentorship, seed funds and IPR use, the institute may take 2%–9.5% equity in a start-up, with a 3-month cooling period under the compulsory-equity model.
IPR developed using institute facilities/funds is jointly owned by inventors and the institute; royalties are capped at 4% of sale price (1–2% for pure software) when licensed to an incubated company.
Faculty start-ups may use only technologies originating within BEC; incubated faculty start-up revenue is shared 70% faculty / 30% institute, with sabbatical/leave provisions for executive roles held beyond three months.

Documents