National Board for Technology Incubation was established by the Federal Government of Nigeria to implement Technology Incubation Programme (TIP) in all the 36 states of the federal government. The Technology Incubation is a unique and highly flexible Programme, which involves business development process, infrastructure and people for commercialisation of new technologies. It is designed to nurture and grow new and small businesses, products, innovations and entrepreneurs by supporting them through the early stages of development. TIP is an integrated government support programme to government establishments such as academic institutions, research centres and private sector, either individually or in partnership with the intention of creating and nurturing of budding value-added and technology-based enterprise. The policy thrust of the Technology Incubation Programme is to pursue the commercialization of technologies and technical innovations using Technology Incubation, social, and economic competitiveness of the country aimed at improving livelihood of the citizenry.