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Draft ‘Conflict Of Interest’ Policy For Faculty Start-Ups: AICTE To Engineering Colleges

Draft 'Conflict Of Interest' Policy For Faculty Start-Ups: AICTE To Engineering Colleges

Participation in startup related activities by faculty members will be considered legitimate: new policy

 

NEW DELHI: The All India Council of Technical Education (AICTE) has directed engineering colleges and other technical institutes in the country to draft a “conflict of interest” policy for start-ups established by faculty members to ensure their regular duties do not suffer. The Human Resource Development (HRD) Ministry’s technical education regulator had recently come up with a policy for students’ start-ups in technical institutes. However, there is no policy defining the dos and don’ts for the faculty members involved in start-ups on campuses.

According to the policy for students’ start-ups, participation in start-up related activities by faculty members will be considered legitimate.

This is in addition to teaching, research and development projects, industrial consultancy and management duties and must be considered while evaluating the annual performance of the faculty.

Read: IIT Guwahati, AICTE Collaborate To Implement PM’s Scholarship Scheme for J&K Students

“For better coordination of the entrepreneurial activities, norms for faculty to run start-ups should be created by institutes. Only those technologies should be taken for faculty start-ups which originate from within the same institute,” a senior AICTE official told PTI.

“Institutes should work on developing a policy on ‘conflict of interest’ to ensure that the regular duties of a faculty member don’t suffer owing to his or her involvement in the start-up activities,” the official said.

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