About Incubation
The Incubation Program at MII Foundation is designed for startups with scalable and sustainable product or service ideas, offering a comprehensive support system that includes valuable expertise, technological support, investor access, market entry assistance, and extensive networking opportunities. Through a robust network of mentors providing sector-specific and domain-specific guidance, startups can develop a scalable business strategy, create a functional Minimum Viable Product (MVP), establish a market-ready and sustainable revenue model, and qualify for seed stage funding. The program encompasses rigorous training, business consultation, and milestone-driven incubation support to ensure startups receive the necessary hand-holding to thrive and succeed.
Eligibility Criteria
The Incubation Program is open to both technical and non-technical startups working on new products or services with scalable business ideas at the Prototype, MVP or Market Ready stage.
Company Type: Eligible companies include Private Limited, Partnership Firms, and Limited Liability Partnerships.
Company Age: The Company’s period of existence should not exceed 10 years from the Date of Incorporation.
Turnover: The Company’s turnover should not exceed 10 cr. in any financial year.
Scalability: The business idea must be scalable and sustainable, with the potential for significant growth and impact.
Incubation Process
Program Duration
Our intensive Incubation Program is designed for duration of 11 months, with the possibility of extension through mutual agreement.
Services Offered
Mentorship and Guidance: Access to experienced mentors and industry experts who provide advice on business strategy, operations, and growth.
Networking Opportunities: Connections to a network of entrepreneurs, investors, and professionals to help build valuable relationships and partnerships.
Office Space: Affordable or subsidized office space equipped with essential amenities like internet, meeting rooms, and administrative support.
Funding Assistance: Help in securing funding through grants, angel investors, venture capitalists, or crowd funding platforms.
Training and Workshops: Educational programs and workshops on various aspects of business management, marketing, finance, and technology.
Technical Support: Access to technical resources, tools, and expertise, especially for tech startups.
Legal and Administrative Support: Assistance with legal matters, such as business registration, intellectual property, and compliance, as well as administrative tasks.
Marketing and Branding: Support with developing marketing strategies, branding, and promotional activities.
Business Development: Help with business planning, market research, and strategy development.
Access to Resources: Tools, software, and other resources that can help startups operate efficiently.
Community and Peer Support: A supportive community of fellow entrepreneurs for sharing experiences, challenges, and solutions.
Eligibility Criteria
The Incubation Program is open to both technical and non-technical startups working on new products or services with scalable business ideas at the Prototype, MVP or Market Ready stage.
Company Type: Eligible companies include Private Limited, Partnership Firms, and Limited Liability Partnerships.
Company Age: The Company’s period of existence should not exceed 10 years from the Date of Incorporation.
Turnover: The Company’s turnover should not exceed 10 cr. in any financial year.
Scalability: The business idea must be scalable and sustainable, with the potential for significant growth and impact.