Medi Caps University

Choosing the right route

• Founders with a product or service idea at prototype, MVP or market-ready stage should apply to the MII Foundation Incubation Program.
• Students who only want to explore an idea can start with the university's student Entrepreneurship Cell and innovation council activities.

How applications work

• Check the eligibility rules first: registered company, partnership or LLP, incorporated less than ten years ago.
• Send enquiries to info@miifoundation.com.

How selection works

• Applicants move through ideation, pre-incubation and demo selection before full incubation.

What reviewers look for

• A scalable and sustainable idea with a clear route to market.
• A working prototype or MVP, and a team that can use mentorship and training.

MII Foundation is the incubation centre of Medi Caps University, based on the university campus on A.B. Road in Indore, Madhya Pradesh. It is run as a Section-8 company and works with students, faculty and outside founders who have a product or service idea they want to build into a business.

How programmes work

The main route in is the MII Foundation Incubation Program. It is designed for startups with a scalable and sustainable idea. A startup moves through four stages: ideation, pre-incubation, demo selection and incubation. Support covers business planning, prototype development, networking with investors and corporates, and help getting to market. Mentors from industry and academia give sector-specific guidance.

Who can apply

The programme is open to early-stage ventures at the prototype, MVP or market-ready stage. Technical and non-technical businesses both qualify. The company must be registered as a private limited company, a partnership firm or a limited liability partnership, and it should be less than ten years old from the date of incorporation. A revenue ceiling applies, and the business should show clear room for growth and long-term sustainability.

Facilities

The incubation centre offers co-working space and shared workstations, start-up cabins, a conference room with audio-visual equipment and an amphitheatre for workshops and lectures. Startups also get access to an in-house Fab-Lab for prototype development, and to a set of engineering and design software packages.

Activities and training

MII Foundation runs workshops, hackathons, boot camps, ideation sessions, prototyping and design thinking sessions, and training on business planning, market analysis and product development. It also hosts networking events with industry experts and investors.

Student and faculty innovation

Alongside the incubator, the university runs a student Entrepreneurship Cell (E-Cell) and a Technology Enabling Centre (TEC) that work with local industry on manufacturing and technology problems. The university's Institution's Innovation Council encourages students and faculty to build prototypes and runs idea competitions with industry partners.

Who runs it

The foundation is led by a director, a managing director and a team of managers and assistant managers, listed on the MII Foundation website. It sits within Medi Caps University's innovation ecosystem.

Locations

The incubation centre is on the Medi Caps University campus in Pigdamber, Rau, Indore, Madhya Pradesh 453331.