Department of Pharmaceuticals releases “Common Guidelines on Pharmaceutical Innovation and Entrepreneurship” for academic institutions

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)?

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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