Innovation and Entrepreneurship 

Technology based new enterprises are high risk and high growth ventures, and require an enabling environment like NIDHI-TBI to enhance the prospects of their success. Innovation and Entrepreneurship Division of the Department of Science and Technology, Government of India is supporting Technology Business Incubators primarily in and around academic, technical and management institutions to tap innovations and technologies for venture creation by utilising expertise and infrastructure available with the host institution.

The need for instruments like Technology Business Incubators (TBI) is recognized globally for initiating technology-led and knowledge-driven enterprises. Studies also demonstrate that such mechanisms not only aid in the growth of technology-based new enterprises but also significantly improve their survival rate. TBIs also facilitate the speedy commercialization of research outputs.