NTU Innovation & Incubation Center (NTUIIC) was official named in July, 1999. It features two main areas: emerging engineering technologies and biotechnology. In January 2000,the Center cooperated with NTU Innovation & Incubation Co.,Ltd (also in the name of NTUIIC) to provide tenant firms more in-depth and overall services.

The Center has run over 20 years. It is ranked as a first-class incubation center by the government. It has incubated over 200 companies and assisted them to gain over NT$10,000,000 research grants from SBIR.