Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve.
Science and Technology Park University of Pune (Scitech Park), is one of the first is one of the first Science and Technology Entrepreneurs Parks (STEPs) in India ,set up in the year 1986, by National Science and Technology Entrepreneurship Development Board (NSTEDB) of Department of Science and Technology (DST), Government of India, within the campus of Savitribai Phule Pune University.
The main objective of the Park is to provide 360 degreee incubation support new, promising and innovative technology based startup companies in the areas of IT/ITES, Clean Technology, Renewable Energy, Education, Health, Hygiene, Sanitation, Environment, Waste Management, Agriculture and Food Technology, Pharma, Biotechnology, Electronics and Telecommunication, Cyber Security, Social Incubation etc. Scitech Park is committed to support start-ups and early-stage companies through its expertise in incubator management, mentorship, legal & accounting expertise and vas number of contacts in India and abroad.
Scitech Park had established its first independent Technology Business Incubator, “Growth Lab” at Bhosari in 2006-2007 with just 4 start-ups. Over the period of last 12 years; the number of incubatee companies have gone up to 122. These companies are from 14 different technology domains ranging from renewable energy solutions to clean technology, IT/ITES , education, waste management , DNA based diagnostics, health etc.