Startups have now become the engines of modern global economic growth. Through innovation and risk-taking abilities, entrepreneurs have transformed our society. They have designed myriad products that satisfy our wants. These-science and technology-based firms are passionate enough to turn every necessity into invention and discovery, promoting profitable business enterprises that contribute to sustainable growth. The major objective of a technology business incubator is not only to facilitate in the setting up of startups which are technology-based and knowledge-driven but also to nurture their growth by providing them with the necessary platform required for their growth and establishment as successful enterprises.