IITG-TIC is registered as a Society under the Registration of Societies Act XXI of 1860. Its goal is to encourage entrepreneurial initiatives amongst the faculty and alumni of the IITG community in particular and other State or Central Government Technical Institutions of the North East. It is an opportunity to explore and implement the innovative ideas into a commercially viable product through technology startup companies. This centre facilitates interdisciplinary research with special emphasis on development and innovation of high-growth- knowledge-based-business and nurtures the indigenous products with innovative hardware/embedded designs. Technical support, business mentoring and soft loan facility subject to availability are the key services of this centre. Spreading across an area of approximately 4000 square meters within the Technology Complex of IIT Guwahati, IITG-TIC has the adequate infrastructure for this endeavour. Currently, funds for developing basic infrastructure and soft loan facility is given by the Department of Information Technology, Govt. of India. IITG-TIC is also one of the Business Incubators approved and recognized by the Ministry of Micro, Small and Medium Enterprises (MSME), Govt. of India. The Technology Development Board, under the Ministry of Science & Technology, Govt. of India, has also approved grant assistance to IITG-TIC to support Start-ups units. IITG-TIC has a Seven-member Governing Body under the Chairmanship of the Director of IIT Guwahati. A Management Council directs and administers the smooth functioning of the IITG-TIC. Currently, the Management Team of the IITG-TIC is led by a Chief Executive Officer.