The Institute of Engineering (IOE), Tribhuvan University is running a full-time, two years (4-semesters) master program in Technology and Innovation Management (TIM) from July 2010 in collaboration with Norwegian University of Science and Technology (NTNU), Trondhiem, Norway. Norwegian Agency for Development Cooperation (Norad) is the responsible agency and financier of this NOMA (Norad Programme for Master Studies) Program and the Norwegian Centre for International Cooperation in Higher Education (SIU) is responsible for the management of this NOMA program (NOMA PRO 2010/13643). The Norwegian funding will be from 2010 to 2014.

The 2-year (4-semester) Master of Science program consists of a package of courses covering important areas for managing and mapping technology and innovation management and entrepreneurship. This Master program is designed to give students a focused, relevant and utilizable body of knowledge in technology and Innovation management, suitable for people with an interest in starting and managing innovative projects either within existing structures or by realizing new economic endeavors. Graduates from the program will be prepared to work for corporations/industries and entrepreneurial firms in the knowledge economy with capabilities to be innovative and successful either as entrepreneurs starting new companies or as intrapreneurs generating and managing new technical business opportunities within existing corporations. It will also create an arena for collaboration between faculty and people from industries and businesses to enhance the productivity of their organizations. In this context, the Institute of Engineering (IOE) has recently signed a Memorandum of Understanding (MOU) with the Federation of Nepalese Chambers of Commerce and Industries (FNCCI).