National Institute of Technology Rourkela (NITR) is a premiere institution of higher learning in the field of technology and sciences and is recognized as Institute of National Importance. It strives to create an environment where hundreds of professors and thousands of students carry out research on subjects for wealth and wellbeing of society. Foundation for Technology & Business Incubation (FTBI), a section 8 Not for Profit Company housed under Center for Technology Innovation and Industry Relations (TIIR) at NIT, Rourkela is an effort in the same direction. It is supported by National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST), Government of India.
"To be counted as a global center for promoting innovation and nurturing entrepreneurs leading to creation of jobs, improved quality of life and stronger local and national economies''
"To create an ecosystem that will foster innovation and entrepreneurial spirit among the students and faculty in science and technology leading to self- employment, creation of wealth and social values''
"We believe that the best technology solutions to come from the incubates. FTBI is dedicated to facilitate the budding incubates by providing the best support and guidance in order to unleash their potential to nurture the innovation and entrepreneurship by translating technology ideas and innovation in various disciplines of science and engineering into Products, Processes and Services
for commercial exploitation and the benefit of society."