The aim of the centre will be to provide startup grants for students and faculty members in the areas of management, innovation, along with entrepreneurship. It will provide management and innovation driven business ventures that will lead to technical renaissance.

The aim of the centre will be to develop institutional mechanism to create entrepreneurial culture in science and technology and to foster technoentrepreneurship and knowledge enterprise development for generation of wealth and employment by personals. The aim of the cell is to guide the budding students to pursue entrepreneurship as their career.