(1) There shall be a Board of Research, Innovation, Incubation and Linkages for creation and cultivation of an enabling environment to propagate the concept of innovation and to convert the innovative ideas into working models through a process of incubation which shall finally lead to the creation of enterprise.
(2) The University shall establish an independent Centre for Research, Innovation, Incubation and Linkages to carry out the objectives of the Board of Innovation, Incubation and Linkages. The centre shall exercise the powers and perform the duties as may be assigned to it by the Board of Governance, from time to time.
(3) The Board of Research, Innovation, Incubation and Linkages shall consist of the following members, namely :-
(a) the Vice-Chancellor - Chairperson ;
(b) all Deans of schools ;
(c) not less than five eminent industrialists, senior industry personnel, nominated by the Board of Governance from manufacturing, information and communication technology, biosciences and technology, environmental sciences, agro-industries, management, service industries, science and technology parks, research parks and incubation centres and others ;
(d) one Chief Finance officer or equivalent officer from the industry, corporate or bank to be nominated by the Chairman of the Board of Governance ;
(e) two teachers from University departments, centres, who are active in, research and development and innovation, to be nominated by the Vice-Chancellor ;
(f) two persons from Research and Development Organizations, to be nominated by the Vice-Chancellor ;
(g) two illustrious alumni who are successful entrepreneurs, to be nominated by the Chairman of the Board of Governance ;
(h) Commissioner, Directorate of Skill Development, Department of Skill Development and Entrepreneurship, Government of Maharashtra or his nominee ;
(i) Director, Board of Research, Innovation, Incubation and Linkages – Member-Secretary.
(4) There shall not be less than four meetings of the Board to be conducted in the year.