MIRC Incubator Sdn Bhd was conferred the MSC Incubator Status by the Multimedia Development Corporation in June 2005.

An incubator is a facility designed to encourage entrepreneurship, nurture business ideas or new technologies and minimize obstacles to new business formation and growth, particularly for high technology firms.

The incubator will provide the physical space and some or all of the shared services - legal, managerial, technical - needed for a business idea to be developed. These shared services will include conference rooms, meeting areas, secretarial services, accounting services, research libraries, on-site financial and management counseling.

In addition to facilities and shared services, the incubator will provide hands-on management assistance, access to financing, and orchestrated exposure to critical business or technical support services."

MIRC Incubator is a key technopreneurs development program of the MCA ICT Bureau and MCA ICT Resource Centre. The Incubator harnesses local business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses.

To facilitate technology transfer from MCA-linked Institution of Higher Learning, namely UTAR and KTAR. It is the incubator’s goal to augment with the university’s/college’s role by providing a fertile environment for the growth and development of new ideas, and additionally to create opportunities for the application and further evolution of those ideas into the greater community through the channels of commercial activity;

To facilitate technology commercialization by serving as a shelter within which new ideas can be nurtured and developed and as a gateway through which these ideas, as products, can pass safely into the commercial environment;

Provide a facility with proven core competencies in market development, marketing support services, technology transfer and facilities management. With MIRC Incubator’s experience in enterprise formation including business plan development an market research along with our connections to the resources of the greater business community of IP attorneys, accountants, and venture capitalists, MIRC Incubator works to add value to research and development, transforming ideas into marketable products.