Science & Technology Entrepreneurship Park (STEP)

STEP is an area where applied research on high tech projects is conducted with the
collaboration of multinational companies, universities, technological and research institutes. In
1972 a conventional ‘Techno Park’ was set up by the Birla Institute of Scientific Research.
Objectives:
• To forge a close linkage between universities, academic and R&D institutions on one
hand and industry on the other.
• To promote entrepreneurship among Science and Technology persons, many of whom
were otherwise seeking jobs soon after their graduation.
• To provide R&D support to the small-scale industry mostly through interaction with
research institutions.
• To promote innovation based enterprises.
Facilities and Services:
• It offers facilities such as nursery sheds, testing and calibration facilities, precision tool
room/central workshop, prototype development, business facilitation, computing, data
bank, library and documentation, communication, seminar hall/conference room,
common facilities such as phone, telex, fax, photocopying. It offers services like testing
and calibration, consultancy.
• Training, technical support services, business facilitation services, database and
documentation services, quality assurance services and common utility services.
Role of Host Institution:
In order to achieve synergetic benefits and also to harness the knowledge and expertise
available in academic and R&D institutions of excellence, every STEP needs to be promoted
around a host institution which could launch, sustain and help the STEP grow. Therefore, the
host institution has to play an important and crucial role in promotion and growth of a STEP.
The National Science & Technology Entrepreneurship Development Board (NSTEDB):
NSTEDB established in 1982 by the Govt. of India under the sponsorship of Department of
Science & Technology, is an institutional mechanism to help promote knowledge driven and
technology intensive enterprises. The Board, having representations from socio-economic and
scientific Ministries/Departments, aims to convert “Job-seekers" into “Job-generators" through
Science & Technology (S&T) interventions.
It has several branches:
Technology Business Incubators (TBIs):
• National Science & Technology Entrepreneurship Development Board (NSTEDB) Set
up under the auspices of the Department of Science and Technology, the NSTEDB is
an institutional mechanism that drives innovation and technology through intensive
programs and expertise. TBIs are instruments that provide incubation to help usher the
 wider propagation of innovative tech-driven enterprises. They are recognized and
funded by the DST (Department of Science and Technology) and MHRD (Ministry of
Human Resources and Development). With their accumulated knowledge in the fields
of business and technology, TBIs are geared to increase the survival rate of various
startups at the early stage. They give startups the real feel of the various aspects of
conducting a business, with assistance in business development marketing, financial
models, legal aspects and intellectual property rights, and technical and administrative
services, apart from offering a wide variety of office facilities (office space, internet
access, infrastructure, etc.).
The following institutes host TBIs across India-
IIT Mandi, NIT Warangal, MANIT Bhopal, NIT Rourkela, MNIT Jaipur, IIM Rohtak, NIT
Calicut, IIT Roorkee, IIT Ropar, IISER Bhopal, IIM Kozhikode, NIT Jalandhar, IIM Udaipur,
IISER Mohali, IIT Patna, IISER Thiruvananthapuram, IIM Raipur, NIT Tiruchirappalli, and
BITS Pilani.
National Initiative for Developing and Harnessing Innovation (NIDHI):
NIDHI is an umbrella program devised and compiled by the Innovation & Entrepreneurship
Division, Department of Science & Technology, Government of India, for garnering ideas and
innovations that focus on knowledge-based and technology-driven startups.
NewGen Innovation and Entrepreneurship Development Centre (NewGen IEDC):
NewGen IEDCs are incubation centers coordinated by the Entrepreneurship Development
Institute of India (EDI), Ahmedabad. They provide financial support of Rs. 25 lakhs and are
centers that promote and encourage techno-entrepreneurship. Their main purpose is to promote
the growth of innovation and generate wealth and employment through entrepreneurship.
Science & Technology Entrepreneurship Development (STED) Project:
The STED Project aims to enhance socio-economic development in industrially backward
regions. It enables access to opportunities and helps startups become technically and
economically feasible. The total life of the project is four years, through which local
entrepreneurs work on modernisation and technology ideas. The project aims to develop 200
micro-models across India. Some of the places where STED is running include Karaikudi,
Kozhikode, Agartala, Moradabad, Pithoragarh, and Hazaribagh.
Innovation – Science and Technology-based Entrepreneurship Development (i-STED):
i-STED identifies challenges and builds solutions in and around technology-centred
approaches. The programme identifies and implements inclusive socio-economic development
by addressing the challenges faced in industry-specific zones, and encourages solutions
through disruptive science and technology innovation. Common target challenge areas include
energy, water, affordable health, affordable housing, waste management, and any specific
industry sector/cluster. The solutions add up to the overall development of economic gains and
wealth generation.
Objectives of
  To promote and develop high-end entrepreneurship for S&T manpower as well as self-
employment by utilizing S&T infrastructure and by using S&T methods.
 To facilitate and conduct various informational services relating to promotion of
entrepreneurship.
 To act as network agencies of the support system, academic institutions and Research
& Development (R&D) organizations to foster entrepreneurship and self-employing
using S&T with special focus on backward areas as well.
 To act as a policy advisory body with regard to entrepreneurship.
List of Science & Technology Entrepreneurship Parks (STEPs) / Technology Business
Incubators (TBIs) recognized by NSTEDB, DST, GOI:
1. STEP – Indian Institute of Technology,
Kharagpur – 721 302.
2. Amity Business Incubator
E-3 Block ,Ist Floor, Sector 125, Amity University Campus, Noida

Assistance from different organization for starting new Venture

ALL INDIA INSTITUTIONS
Small Scale Industries Board:
SSI Board is the apex non-statutory advisory body constituted by the Government of India to
render advice on all issues pertaining to the SSI sector. It provides a forum to its members for
interaction to facilitate co-operation and inter institutional linkages and to render advice to the
Government on various policy matters, for the development of the sector. The Board was first
constituted in 1954. Its term is for two years.
Ministry of Small Scale Industries:
The process of liberalization and market reforms has created wide-ranging opportunities of the
development of small scale industries. At the same time, 280 changing world scenario has
thrown up new challenges to the very existence of this sector. The need of the hour is to suitably
strengthen the sector so that it could adapt itself to the changed environment and face the
challenges boldly and effectively. The implementation of policies and various
programmers/schemes for providing infrastructure and support services to small enterprises is
undertaken through its attached office, namely the
 Small Industries Development Organization (SIDO),
 statutory bodies/other organizations like Khadi and Village Industries Commission
(KVIC) & Coir Board,
 National Small Industries Corporation (NSIC) and three training institutes
 National Institute of Small Industry Extension Training (NISIET), Hyderabad,
  Indian Institute for Entrepreneurship (IIE),
 National Institute for Entrepreneurship and Small Business Development (NIESBUD
Small Industry Development Organization (SIDO)

National Small Industries Corporation (NSIC) Limited:

The Khadi and Village Industries Commission (KVIC)
The Khadi and Village Industries Commission (KVIC) is a statutory body created by an Act of
Parliament in April 1957. The KVIC is supposed to do the planning, promotion, organization
and implementation of programmes for the development of khadi and other village industries
in the rural areas in coordination with other agencies engaged in rural development wherever
necessary. The broad objectives that the KVIChas set before it are:
 The social objective of providing employment
 The economic objective of producing saleable articles,
 The wider objective of creating self-reliance amongst the poor and building up of a
strong rural community sprit
Industrial Finance Corporation of India ltd (IFCI):
Some sectors that have directly benefited from IFCI’s disbursals include
 Consumer goods industry (textiles, paper, sugar);
 Service industries (hotels, hospitals);
 Basic industries (iron & steel, fertilizers, basic chemicals, cement);
 Capital & intermediate goods industries (electronics, synthetic fibers, synthetic plastics,
miscellaneous chemicals)
 Infrastructure (power generation, telecom services)
Training Institutes:
National Institute of Small Industries Extension Training (NISIET) :
The NISIET since its inception by the Government of India has taken gigantic steps to
become the premier institution for the promotion, development and modernization of the
MSME sector. An autonomous arm of the Ministry of Small Scale Industries, the Institute
attempts to achieve its declared objectives through an array of operations ranging from
training, consultancy, research and education, to extension and information service.
National Institute for Entrepreneurship & Small Business Development (NIESBUD):
Entrepreneurship Development Institute of India (EDII)
EDII has been spearheading an entrepreneurship movement throughout the nation in the belief
that entrepreneurs need not necessarily be born; they can be developed through well-conceived
and well-directed activities.
Indian Institute of Entrepreneurship (IIE):
The policy direction and guidance is provided to the Institute by its Board of Management
whose chairman is the Secretary to the Government of India, Ministry of Small Scale
Industries. Chairman, NEC, heads the governing council of the institute and the Secretary, SSI
and ARI, and Govt. of India head the Executive Committee.
STATE LEVEL INSTITUTIONS
State Industrial Development Corporations (SIDC):
The State Industrial Development Corporations were set up under the Companies Act, 1956,
as wholly owned state government undertakings for promotion and development of medium
and large industries. In addition to provision of financial assistance, they are also involved in
developing industrial infrastructure like industrial estates, industrial parks and setting up
industrial projects either on their own or in the joint sector in collaboration with private
entrepreneurs or as wholly owned subsidiaries.
State Directorate of Industries (SDIs):
 Registration of small scale units
 Providing financial assistance
 Distributing scare and indigenous raw materials to industrial units
 Granting essential certificates for import of raw material
 Establishing industrial estates and industrial co-operatives
  Developing industrial infrastructure
 Undertaking industrial surveys and collecting information
 Arranging concessions and incentives for industries
 Overall administration of village and small scale industries.
 Maintaining liaison with other agencies for industrial development
FUND-BASED INSTITUTIONS:

State Financial Corporations (SFCs):

SFCs provide term loan to small and medium scale industries for creation of assets, viz., land,
building and machinery. They also provide working capital term-loan to the industrial units on
competitive terms. Various non-fund based services like merchant banking, under-writing of
public issues, project counseling, bill discounting, leasing and hire purchase are also being
undertaken by them. They are operating a number of financial assistance schemes for the
benefit of the entrepreneurs such as assistance for marketing activities, equipment finance,
special schemes for assistance to ex-servicemen, single window scheme, etc. SFCs provide
maximum loan up to Rs. 240 lakhs. The interest on loan ranges between 13.75% to 16.5%
depending upon the size of the loan and its term.