PROCESS FOR INCUBATION
- To avail the incubation at MIIC and its facilities any individual can submit their innovative business idea via email or in hard copy at MIIC office in a defined template which includes, financial model, requirements from MIIC, business model, scalability plan etc.
- After receiving the presentation, experts of MIIC carry out the initial screening of the application in which initial evaluation of the business idea is done based of innovativeness, startup team, financial & market feasibility and scalability of idea
- On successful initial evaluation the promoters is asked to make a formal detailed presentation to expert committee of MIIC which includes, domain experts/marketing experts from business world and resident mentors in addition to secretary and coordinators of MIIC.
- Approved idea/company is then invited to sign a Memorandum of Understanding (MoU) with MNIT Innovation And Incubation Centre. Incubation agreement is valid for a 2 years and it can be extended for one more year on case to case basis if needed and requested by startup.