NMIT is the only unaided private engineering college in Karnataka State to be selected by the Govt. of India for World Bank Funding under TEQIP Phase II-Subcomponent 1.1 in the year 2011.
NMIT has a strong focus on excellence in education, research and promotion of Innovation and entrepreneurship.
Innovation and Entrepreneurship Development Centre was established inthe year 2010 and funded (to the tune of Rs. 45 lakhs) by the Department of Science and Technology (NSTEDB), New Delhi.
NMIT has established Business Incubator supported by MSME (Micro, Smalland Medium Enterprises), Govt. of India.