Business Incubators are centres 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.

Incubation centres enable technical entrepreneurs to conduct their R&D programmes in a professional, friendly and supportive atmosphere, while receiving the guidance that they need in the initial phase. They have their presence in the field of biotechnology, academia, manufacturing, telecom, construction, aerospace etc. Punjab, making a transition from a resource based economy to a knowledge driven economy, has taken a step further by establishing the first incubation centre of the State - INNCUBE.