PSG-STEP was established in 1998 with support from Department of Science & Technology, Government of India, IDBI and ICICI to promote technology based enterprise in the areas of Software, Electronic Products, Hi-Tech Mechanical Products, Eco friendly Textile Products, Bio-Technology and Nano Technology using the core strengths of PSG College of Technology. PSG-STEP is one among an exclusive club of incubators with exclusive incubation facilities and funding mechanisms for startups in multiple technology domains with the support of NSTEDB, DST, BIRAC and MeitY, Government of India. The objective of the incubation centre is to promote technology based enterprises in the areas of software, electronic products, hi-tech mechanical products, and eco-friendly textile products & bio-technology, using the core strengths of PSG College of Technology and sister institutions. PSG-STEP has created incubation centres in the areas of Information Technology, Electronics, Nanotechnology and Biotechnology with the support from various funding agencies. The total area earmarked for the incubation centre is about 100,000 sq.ft and more than 184 startups have been support under the incubation programme of PSG College of Technology.