1. To promote and stimulate entrepreneurial spirit amongst students, faculty members, alumni, and the local community.
2. To provide opportunities for students, alumni, faculty, employees to transform their entrepreneurial dreams into reality.
3. To provide an environment where budding entrepreneurs can work on their innovative ideas, bring them to the market and grow them into a successful business.
4. To ensure a steady flow of new startups and thus create new jobs.
5. To contribute to economic and social development of the region and the country through high-growth startups.
6. To improve the competitiveness of national and local economy.
7. To facilitate commercialization of innovative research through entrepreneurship.