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What is the News?
The Department of Pharmaceuticals has released ‘Common Guidelines on Pharmaceutical Innovation and Entrepreneurship’ for academic institutions.
What are Common Guidelines on Pharmaceutical Innovation and Entrepreneurship?
Aim: a) To transform the academic research into innovative and commercially applicable technologies/products; b) To build a strong ecosystem for nurturing creativity and entrepreneurial activities and contribute to the self-reliant India mission (Atmanirbhar Bharat).
Objectives of the Guidelines: The guidelines:
– 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 an 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.
What is the National Institute of Pharmaceutical Education and Research (NIPER)?
Source: The post is based on the article “Department of Pharmaceuticals releases “Common Guidelines on Pharmaceutical Innovation and Entrepreneurship” for academic institutions” published in PIB on 6th May 2022
