Section 54. Powers and duties of Board of Innovation, Incubation and Enterprise.

The Board of Innovation, Incubation and Enterprise shall have the following powers and duties, namely :- (a) to create synergy at policy and operative level mechanism for co-existence and co-operation between various research and development activities in university departments, colleges and various industries in the State and in other States; (b) to create synergy through operative policy mechanism and support system for incubation of good ideas such as product, process, service and innovation, into a scalable mode so as to establish small, medium and large industries; (c) to establish a system to support protection of intellectual property rights at national and global level; (d) to establish a system so as to guide and help young entrepreneurs in operational, legal, business model creation and financial support; (e) to project and plan the activities to be carried out by the Centre for Innovation, Incubation and Enterprise; (f) to prepare annual programmes of activities of the Centre for Innovation, Incubation and Enterprise and review the same periodically; (g) to prepare the annual budget of the Centre for Innovation, Incubation and Enterprise; (h) to oversee and monitor the activities of the Centre for Innovation, Incubation and Enterprise; (i) to submit an annual report of working of Centre for Innovation, Incubation and Enterprise to the Management Council; (j) to undertake any other task as may be assigned by the university authorities to carry out the objectives of the Board for Innovation, Incubation and Enterprise.