Shri Mata Vaishno Devi University Technology Business Incubation Center (SMVDU TBIC) is established at Shri Mata Vaishno Devi University, Kakrial, Katra with the Grant-in-aid jointly from NSTEDB, Department of Science and Technology, Ministry of Science and Technology, Government of India and Shri Mata Vaishno Devi University. SMVDU-TBIC is the first ever Technology Business Incubator in the State of J&K and Himachal Pradesh and has been identified as one of the sixty-eight Incubators to recommend Startups under Startup India Initiative of Government of India.

The main objective of the Incubation Center is to identify potential Entrepreneurs in Northern India, especially in the State of Jammu-Kashmir, nurture and support innovations, develop technology based ideas into independent self-sustaining business as well as facilitate small-scale business with potential to grow into big industry.