MIIC is a privately funded Technology Business Incubator (TBI) established by Rashtreeya Sikshanasamithi Trust (RSST) to activate Innovation and to promote entrepreneurship development among students, faculty of RV College of Engineering® (RVCE) and other Rashtreeya Vidyala Educational Institutes (RVEI) like, RV College of Architecture (RVCA), RV Institute of Management (RVIM), RV Institute of Technology and Management (RVITM) etc. and other higher educational institutes in the region. RV Incubation center is not just a Co-working space but a Startup's Hub which provides end to end Ecosystem for entrepreneurship development, which includes State of the Art Infrastructure, a strong Mentoring Network of grass-root domain experts in technology, Business planning, Acceleration, Seed Funding, Marketing, Product launching, etc. In addition, the center also provides access to startups to get connected with investors, corporate and MSMEs. The main differentiating factor of the center is the Lab/Fab facility, seed funding, software tools for developing any type of Bio-Tech, Bio-Med, IoT, ICT, Flexible electronic devices.
A separate Advisory board of Entrepreneurs, Strategist & Businessmen is constituted to frame & approve policies & processes for the governances of the center and to provide the Leadership & Business acumen to the center.
Exclusive operational team of professionals with industrial & entrepreneurial experience is established to implement the policies by the governing body & responsible for the day -to- day operations of the center incubatee's engagement, retention & cross-functionality assistance, liaising with statutory bodies, investors, government agencies & other organization (Marketing, IPR, & Patenting)