It is also financed by various financial institutions like IDBI, IFCI and ICICI along with active funding from the Govt. of Uttar Pradesh, through its Department of Science & Technology and Department of Industries. It was established in the year 1986 at erstwhile HBTI, Kanpur for motivating Science, Technology and Engineering Graduates for taking up entrepreneurship as a career. STEP-HBTI campus is located in the premises of erstwhile HBTI, the prominent engineering institute in the world.

The management programme leading to an MBA degree at STEP-HBTI is being carried on since 2004. Lately, seeing a huge demand for well oriented and qualified professionals worldwide, the Institute has increased its MBA seats from 120 to 180 in the year 2020, where it offers a wide spectrum of courses which are tailor-made to meet the industry requirements. It has got all infrastructure and facilities to impart proper training in all disciplines of specialized management including information technology, which is the need of hour. A lush green campus, well stocked Library, Computer lab, Cafeteria and above all an enviroment for learning, makes the campus life more vibrant.