With the support of State Govt. of Bihar this IC will be a joint effort with DeitY Government of India. The State govt. will provide matching funds and its agencies like Bihar State Electronics Development Corporation Ltd. (BELTRON) will also collaborate.
The proposed incubator at IIT Patna will have programs designed to support the successful development of entrepreneurial companies through an array of industry support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts.
Successful completion of a business incubation program increases the likelihood that a start-up company will stay in business for the long term. This Incubator would differ from research and technology parks in its dedication to start-up and early-stage companies. This is also an attempt to bring academia and industry closer to each other by providing students and faculty a platform to commercialize their research, final year projects and other technology based business ideas.