Department of Pharmaceuticals releases “Common Guidelines on Pharmaceutical Innovation and Entrepreneurship” for academic institutions.

LegalitySimplified

The Department of Pharmaceuticals on 6th May 2022, after considering the National Innovation &Startup Policy 2019, National IPR Policy 2016 and similar policies of other institutes/ departments has prepared ‘Common Guidelines on Pharmaceutical Innovation and Entrepreneurship’ for academic institutions under its control.

The policy aims to transform the academic research into innovative and commercially applicable technologies/products; build strong ecosystem for nurturing creativity and entrepreneurial activities and contribute to self-reliant India mission.

The Policy Guidelines aims to:

  • Encourages the faculty/staff members and students to pursue entrepreneurship;
  • Formulate policies & foster an ecosystem to generate ideas across disciplines that can be transformed into successful technologies, products, and services;
  • Establish a mechanism for technology development and technology transfer;
  • Create institutional framework for effective implementation, monitoring, and evaluation of the policy; and
  • Promote pharmaceutical innovation and entrepreneurship to foster the unmet therapeutic, socially impactful technologies delivering benefits to mankind.

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