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 the University, Skill 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 Innovation, Incubation and Enterprise Committee ;
(f) to prepare annual programmes of activities of the Board of Innovation, Incubation and Enterprise and review the same periodically ;
(g) to prepare the annual budget of the Board of Innovation, Incubation and Enterprise ;
(h) to oversee and monitor the activities of the Innovation, Incubation and Enterprise Committee ;
(i) to submit an annual report of working of Innovation, Incubation and Enterprise Committee to the Governing Council ;
(j) to undertake any other task as may be assigned by the University authorities to carry out the objectives of the Board of Innovation, Incubation and Enterprise.