(1)There shall be a Board of Research, Innovation, Incubation, Industry Linkage and Entrepreneurship for creation and cultivation of an enabling environment to propagate the concept of research, innovation and to convert the innovative ideas into working models through a process of incubation which shall finally lead to the creation of enterprise.

(2)The University shall establish an independent Centre for Research, Innovation, Incubation, Industry Linkage and Entrepreneurship to carry out the objectives of the Board for Research, Innovation, Incubation, Industry Linkage and Entrepreneurship. The Centre shall exercise the powers and perform the duties as may be assigned by the Board, from time to time.

(3)The Board of Research, Innovation, Incubation, Industry Linkage and Entrepreneurship shall consist of the following members, namely:-

(a)Vice Chancellor - Chairperson;

(b)Pro-Vice Chancellor;

(c)Dean (Academic Affairs);

(d)Dean of all Faculty;

(e)five prominent industrialists, from manufacturing, information and communication technology, biosciences, agro-industries and service industries, nominated by Vice Chancellor;

(f)two teachers from University Departments, who are active in innovation, research and development nominated by the Vice Chancellor;

(g)two teachers, nominated by the Vice Chancellor, one from Constituent and other from Affiliated colleges who are active in innovation, research and development for Universities mentioned in Schedule-II;

(h)eight eminent persons from different areas of Science, Commerce, Agriculture, Banking, Finance, Industry, Intellectual Property Rights, etc., who are conversant with the global trends as well as regional issues to be nominated by Chancellor;

(i)a member nominated by Jharkhand State Faculty Development Academy;

(j)a member nominated by Jharkhand State Higher Education Council;

(k)a member nominated by Jharkhand Council on Science, Technology and Innovation; and

(l)Director, Research, Innovation, Incubation, Industry Linkage and Entrepreneurship - Member Secretary.

(4)The Board shall hold a minimum of three meetings in a year.

(5)The Board of Research, Innovation, Incubation, Industry Linkage and Entrepreneurship shall have the following powers and duties, namely:-

(a)to create synergy at policy and operative level mechanism for co-existence and co-operation, between various2016research and development activities in University departments, colleges and various industries in the State and in other States;,

(b)to create support system for incubation of ideas such as product, process, service and innovation, into a scalable mode so as to establish small, medium and large industries;

(c)to collaborate with industries and other organisations for undertaking research and consultancy project with the objective of generating resources to make the University self-sustenance;

(d)to establish a system to support protection of intellectual property rights at national and global level;

(e)to establish a system so as to guide and help young entrepreneurs in operational, legal, business model creation and financial support;

(f)to project and plan the activities to be carried out by the Centre for Research, Innovation, Incubation, Industry Linkage and Entrepreneurship;

(g)to prepare annual programmes of activities, annual budget, monitor and periodically review the activities, and submit an annual report to the Syndicate regarding the Centre for Research, Innovation, Incubation, Industry Linkage and Entrepreneurship; and

(h)to undertake any other task as may be prescribed by the Statutes.