15 Technology Business Incubators (TBI) have been approved by this Ministry in collaboration with Department of Science and Technology (DST) in the year 2016 across various Centrally Funded Technical Institutions with 100% funding from DST. The DST has also supported 93 Technology Business Incubators and Science & Technology Entrepreneurs Parks in various universities/institutions.
The funding pattern followed by the DST has been as under:
(Rs in crore)
For 5 years period
For 5 years under National Initiative for Developing and Harnessing Innovations (NIDHI)
On an average 15 projects each are under taken for physical incubation by these incubation centres with an incubation period of 2 to 3 years. During last three years, in the 93 Technology Business Incubators located in academic setups, 1395 projects have been under physical incubation.
This information was given by the Minister of State (HRD), Dr. Mahendra Nath Pandey today in a written reply to a Rajya Sabha question.