Board of Management of ISTO will be to raise fund and perform all management activities of the foundation. Board of Management will manage any profit making wing/division of the foundation. Spinoff companies can be formed and the spinoff company in return will denote an amount to ISTO central fund . All profit making initiatives can be taken by these spinoff companies. Under DBT's Technopreneur Promotion Programme, small scale company may be formed, which will sustain itself and support ISTO in return. ISTO will felicitate its expertise to those spinoff companies. Board of Management will perform administrative and finance roles of the foundation and appoint Director (Management) to run this division of ISTF. The board will collect monthly review reports of all divisions including management division which will be placed in Executive Council meeting to be conducted in every 3 months. Management of Budget, Funding Requirements, HR, Infrastructure, Procurement of Equipments will be under the purview of the Board.