Observation of room temperature ferromagnetism (RTFM) in nano-crystalline Co-incorporated titanium dioxide [Ti(1-x)Co(x)O2(x = 0.05)] thin films prepared by spray pyrolysis technique is reported. While only the anatase phase was detected in as-deposited 5 at.% Co-incorporated TiO2 film, a small amount of rutile phase developed following its vacuum annealing. Besides, no X-ray diffraction peak corresponding to cobalt metal could be detected in any of the two films. SQUID magnetometry of both pristine and Co-doped thin films at room temperature elucidated distinct ferromagnetic behavior in 5 at.% Co-incorporated as-deposited film with saturation moment M(s) approximately 5.6 emu/cm3 which got enhanced up to 11.8 emu/cm3 on subsequent vacuum annealing. From the zero field cooled magnetization measurement we confirmed the absence of Co-metal clusters. The electrical resistivity was found to be greater than 108 omega-cm for the films. Based on the magnetic and electrical measurements the origin of RTFM has been attributed to the bound magnetic polaron (BMP) model.