The general mandate of the Programme is to facilitate the establishment and coordinate the activities of Technology Incubation Centres and Science & Technology Parks which are designed to nurture new technology based start-up businesses nationwide.
The more specific Mandates of the Programme include the following;
To sensitize all stakeholders for the establishment, supervision and regulation of Technology Incubation Centres.
To provide institutional infrastructure and mechanisms for the development and commercialization of R & D outputs and inventions.
To effectively involve all relevant stakeholders in the establishment of Technology Incubation Centres across the country.
To source and develop commercially viable indigenous and foreign technologies.
To source funds for the implementation of the Programme.
To source entrepreneurs and investors for the commercialization of chosen technologies.
To ensure competitiveness of the products of the Programme through value-added service support and effective linkages to knowledge providers to ensure continuous injection of innovation in materials processing and/or equipment.
To ensure efficient and effective performance leading to accelerated growth of entrepreneurs in the Programme.
To subsidize all services provided by the Technology Incubation Programme in order to reduce the overhead burdens of start-up enterprises.
To ensure compliance with policy and regulations of the Programme.
To provide post-incubation survival scheme for the enterprises graduated from the Programme.
To promote the growth of private sector through the creation of competitive SMEs as the engine of growth of wealth creation, employment generation and poverty reduction.
To encourage value re-orientation to promote hard work, transparency and accountability in business operations.
To interface with research establishments and tertiary institutions for the commercialization of their R & D outputs