In the year of 2001, the 1st French-Russian Meeting on New trends in Solid State Physics in Clermont-Ferrand, France which was sponsored by Valéry Giscard d'Estaing started a series of annual meetings of world leading experts in solid state physics. Further meetings have been held in Clermont-Ferrand on a yearly basis from 2002 to 2006 to be followed by Meetings in Rome in 2007, 2008, 2009 and 2010 with constantly increasing number of participating scientists. Shortly after the 2010 annual meeting, a group of researchers working in different countries decided to create a private organization which main goal would be bringing together a strong international team providing a stimulating research environment and working atmosphere. Another mission of MIFP was reunification of the Russian scientists who spread all over the world after the fall of the Soviet Union in 1991. With a support from Dr. Giuseppe Eramo, University of Rome II Tor Vergata, MIFP was founded on 1 July 2010, and Prof. Alexey Kavokin, University of Southampton, was appointed its Scientific director. The institute started function within the campus of the University of Rome II Tor Vergata, and moved to Marino, Rome later that year. Starting from the year 2011, the yearly scientific meetings became Annual MIFP March Meetings gathering scientists working not only in Solid state physics but in a great variety of fields.