LNCTS has taken the responsibility of making its own policy according to the guidelines of the National Innovation and Start-up policy, NISP-2019 for promoting the innovative ventures of the students and faculty members. In this context a committee at LNCTS has framed the policy after several rounds of brainstorming sessions, meetings and discussions. The relevant facets of innovation, startup and entrepreneurship have been covered in the policy for the transformation of incubating ideas of innovative minds of students and faculty members into startup and business reality.