To act as non-profit interface between institutes of learning, research & industry to provide an environment for creative and constructive interaction for enterprising activities.

To strengthen technology base of industry by bringing about research industry culture and promoting creative adaptation, innovations and utilization of technology through interaction between institutes of learning, research and industry.

To undertake experimental production and assess consumer’s acceptance and marketability.

To encourage scientific applications for making high technology viable and cheaper and thereby encourage industries to diversity into new/high technology intensive areas.

To build a new class of technically competent entrepreneurs from science, technology and engineering to take up technologically challenging industrial ventures.

To establish technology and science centers and provide basic infrastructural facilities for trying innovative ideas/experiment with new or advanced technology on pilot plants/bench scale and experiment to development alternative uses for existing products from existing raw materials.

To provide an environment for creative, and innovative individuals with entrepreneurial capabilities.

To provide R&D base for entrepreneurs.

To develop indigenous technology.

To establish links and collaborate on various issues of mutual interest with the International Organizations.

To organize periodical training programmes of Entrepreneurship Development.

To create facilities for testing and calibrating the products manufactured by entrepreneurs.

To liaise with entrepreneurs, industry, academic and research institutions, Government and its agencies, financial, development and other promotional institutions to increase awareness about technological developments as well as for upgraduation of technology traits in industry.