The  Science  Park  and  similar  initiatives  in   the  developed  countries  are  the  latest  in  the evolutionary line to create an atmosphere for innovation and entrepreneurship for active interaction between academics and industries for sharing ideas,  knowledge, experience and facilities for the development of new technologies and its rapid transfer to the end users.

The Science & Technology Entrepreneurs Park (STEP) programme was initiated by the  National Science & Technology Entrepreneurship Development Board (NSTEDB) in 1984.STEP provides a re-orientation   in  approach  to  innovation  and  entrepreneurship   involving   education,  training, research, finance management and government.

The Expert Committee chaired by the Late Prof.Nayudamma  evolved STEP as a  dynamic entity, which provides training and experimenting ground  for young  Science and Technology persons in the vicinity of their alma mater.