The Human Resources Development Department of India issued guidelines requiring domestic higher education institutions to set aside at least 1% of their annual budget for setting up an innovation fund to fund and support innovation and start-ups. These institutions also need to establish pre-incubation and incubation centers that will be open to students and faculty members around the clock (24x7). 

The Indian government plans to rank all its major educational institutions and universities, based on their efforts to promote innovation and entrepreneurship.

The guidelines also stated that the students and faculty members can obtain intellectual property licenses from their educational institutions and can work part-time at start-ups during their studies. 

This entrepreneurial policy framework was launched by Ramesh Pokhriyal, Minister of Human Resources of India. Pokhriyal said that India hopes to become a $5 trillion economy by 2024. To achieve this goal, India needs to become a global center for innovation and entrepreneurship.

According to this policy framework, student entrepreneurs can take the test even if the attendance rate is lower than the school's minimum standard; students and faculty members can take a semester or a year to work in a startup, and then return to their previous academic or teaching work. Based on the support provided, educational institutions can also obtain 2% to 9.5% equity/equity of the startup.