The MITI program runs over the University Summer holidays, from December to February, so students can participate full-time on their project without having to also focus on their studies. The application process begins in May and final teams are selected in September. All students must participate in the induction day in early December before they start their project with their host organisation.
Yes. Each student who participates receives a scholarship to support themselves whilst working with their industry partner over 12 weeks (like an internship). This scholarship, whilst distributed by the University, is paid for by the industry partner.
The MITI program is a multi-disciplinary team program, inviting students from all ten of Monash University's faculties and at both undergraduate and postgraduate levels to participate. That means you could have a team consisting of design, business, IT and engineering students. As part of the project scope, the industry partner can outline skillsets the project requires and has the final say on the team.