Who can apply?
Anyone from Rajasthan with an Innovative business Idea can apply.
Procedure for Admission to MIIC
Step 1: Submission of Application Form (AF)
Applicants can also alternatively take print out of the filled application form and post it to:
Innovation and Incubation Centre,
MNIT Jaipur, Rajasthan 302017
If any attachment needs to be sent as further elaboration to a query in the application form, it may be sent by e-mail (as either Microsoft Word or Adobe Acrobat format only please) or printed out and posted along with the application form. While submitting the application form, applicants will also disclose information on executive involvement of the promoters/ founders in other companies or commercial entities.
Step 2: Submission of Business Plan (BP)
On receipt of the application form and executive summary, the committee will scrutinize the application internally to evaluate the viability of the applicant as an incubatee. Based on affirmative assessment, applicant would then be required to submit a business plan for the first twelve months of the incubation period. The business plan is expected to cover the basics of the business, namely, value proposition, products and services, market analysis, competition analysis, funding requirements, capital structure, milestones and timelines, development and marketing plan, organizational structure, team, risk analysis and projected financials. Applicants may give such additional information as they think would help in the assessment of their proposal. Applicants have to submit a signed disclosure statement about the originality of the idea proposed in the business plan.
Step 3: Presentation and Evaluation before MIIC Committee
Applicants will be invited with their teams to make a presentation on their proposal before concerned committee. In order to enable the expert members to take an appropriate decision, members may ask for any additional information from the applicants and/or revision in the proposal.
MIIC will have the sole discretion, whether to admit or reject a proposal for incubation. The decision of MIIC in this regard shall be final. MIIC is not obligated to give any reason for acceptance or rejection of any proposal.