The National Institute of Technology (NIT)Srinagar, which has been playing pivotal role in the technology and engineering domains of the state in particular and nation in general, envisions creating a full scale incubation centre continuing its legacy of contributing to the society. The premise of the incubation centre is to be based on the philosophy of creating value for present and the future. In this spirit, while the innovation is to be driven out of this centre should be capable of providing solutions to the problems of the society or suggest ways of efficiently doing things. The centre also envisages attention towards the disruptions in the making that we are seeing globally trending. Keeping this philosophy in mind, the orientation proposed for the incubation centre should address the issues that are met by the local industry, initiate innovation to keep up with the national trends and seek for the global disruptions. The centre intends to take up the challenges of the Grass root technologies and develop innovative ideas of the engineering students, technocrats, innovators or any other stakeholder, who intents to obtain an engineering solution of a problem. The centre would offer support and bring to fruition the creative outputs of the budding engineers, technocrats, students, academia, grass-root innovators, entrepreneurs, start-ups etc. particularly in this region. The incubation centre will be based on the tenants of creating value which can be achieved by orienting the proposed centre in a way that it explores the problems faced by the society at the local level in particular and national level in general. The emphasis should be on aligning the centre with the latest global trends prevalent in various sectors and industries. This way, the proposed centre can attempt to find out solutions of our present problems and also bring in greater value to ‘yet to come’ technologies and innovations to this part of the world by indigenising and localizing them, increasing their relevance to the immediate ecosystem. The Innovation, Incubation & Entrepreneur development centre replaced the old EDP cell of the institute and started its activities in May 2015. IIED centre is presently carrying various activities like skill development, entrepreneurship support, incubation of ideas, development of grass root technologies, and so forth