Bangabandhu Sheikh Mujibur Rahman University, Naogaon Bill, 2023 was passed in parliament on Tuesday.
Education Minister Dipu Moni moved the bill and it was passed by voice vote.
The proposed university would be a prototype of other public universities.
As per the bill, there will be a business incubator to make the university students entrepreneurs and give them all kinds of assistance at the preliminary stage.
The university will also cooperate with students or teachers to use their inventions, intellectual property in processing, marketing, and its usage commercially.
As per the bill, the disciplinary committee will propose the syndicate to take appropriate steps for resisting and preventing sexual harassment, violence and ragging.
It said the chancellor, the president of the country, will appoint an eminent educationist in the vice-chancellor post for four years. But no one will be appointed as vice-chancellor for two terms.
The chancellor will also appoint a pro-vice-chancellor for four years tenure, but not more than two terms.
But for the treasurer post of the university, one needs to have at least 20 years of experience as a teacher in any public university.
