(1) There shall be a Board of Innovation, Incubation and Enterprise 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 Innovation, Incubation and Enterprise Committee to carry out the objectives of the Board for Innovation, Incubation and Enterprise. The Committee shall exercise the powers and perform the duties as may be assigned by the Board, from time to time.
(3) The Board of Innovation, Incubation and Enterprise shall meet at least thrice in an academic year.
(4) The Board of Innovation, Incubation and Enterprise shall consist of the following members, namely :-
(a) the Vice-Chancellor - Chairperson ;
(b) one Head of Skill Department, nominated by the Academic Council;
(c) five prominent industrialists or entrepreneurs, nominated by the Governing Council ;
(d) five members nominated by the Vice-Chancellor from Skill Departments, colleges, recognized institutions, schools, campuses, regional centres, skill centres, study centres ;
(e) the Commissioner of Skill Development, Employment and Entrepreneurship or his nominee not below the rank of Joint Director ;
(f) the representative of Department of Information and Technology, not below the rank of the Deputy Secretary ;
(g) the Director, Board of Innovation, Incubation and Enterprise Member-Secretary.