MGUIF offers Virtual Incubation for registered entities such as Proprietorships, Partnership Firms, and other legally recognized businesses. Startups can either register their company after incubation or shift their existing business address to MGUIF. Under this model, physical presence at the facility is not required—incubates can use the MGUIF address for company registration and official purposes, helping reduce operational costs during the early stages. The Virtual Incubation package is priced at ₹10,000 for 11 months, plus applicable GST, with special rates for MG University students, faculty, and affiliated institutions. Lounge access, parking, and receptionist services are included, while facilities such as conference rooms and studio use are available at nominal rates.

Virtual incubates also benefit from access to state-of-the-art infrastructure funded by MGUIF, including the High-Performance Computer and 15-litre Spray Dryer, at subsidized rates. A strong network of mentors and industry experts is available to guide startups in scaling their ventures. In addition, MGUIF supports entrepreneurs through programs like the Big Idea Fest and Seed Funding Schemes, designed to promote innovation and provide early-stage financial support.