INST is operating an Incubation and Innovation Centre. The center proposes shared use of equipment, laboratory resources, direct business assistance and guidance, mentoring and networking to other technical resources. The facility, comprises of a 9000 square feet space and includes a mix of lab space and office. It provides incubation space, common lab, meeting room and offices.
Within this center a Technology Business Incubator called NanoBio incubation center has been established supported by the DST Nano Mission. The mission of the incubator is to stimulate researchers (Students, Faculty) of INST and other regional organizations to be able to move from ideas created in laboratories and to speedy commercialization. The NIC- TBI(Project)@INST will support Nano-Biotechnology based businesses in their start-up phase and increase their likelihood of success. By fulfilling this objective, the incubator would contribute to indigenous technology development, job creation, and enhanced economic growth to the region and the nation.