Technology Business Incubator (NIDHI-TBI)

Funding Agency: Department of Science & Technology (DST), Govt of India

Area(s): Physical Sciences, Chemical Sciences, Life Sciences & Biotechnology, Earth, Atmosphere & Environment Sciences, Engineering Sciences, Mathematical Sciences, Traditional Knowledge, Agricultural Sciences, Medical Sciences, Astronomy & Space Sciences, Computer Sciences and Information Technology, Other Areas

Financial Incentives: The NIDHI-TBIs require different levels of support depending upon technology domain, number of incubatees, and business model of an incubator. Typically biotechnology incubators, nanotechnology incubators, incubators in manufacturing sector require more investment than IT incubator.

Institution(s) involved: Department of Science & Technology (DST), Govt. of India

Overview: Business incubation has been globally recognized as an important tool for job creation and economic development. 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 utilizing expertise and infrastructure already available with the host institution. Recently non-academic institutions have shown interest in setting up NIDHI-TBIs. 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.