The National Science & Technology Entrepreneurship Development Board (NSTEDB), established by Government of India in 1982 is an institutional mechanism, with a broad objective of promoting gainful self-employment amongst the S&T manpower in the country and to setup knowledge based and innovation driven enterprises. The Board functions under the aegis of Department of Science & Technology. It aims to convert "job-seekers" into "job-generators" through Science & Technology (S&T) interventions.