FITT (Foundation for Innovation and Technology Transfer), IIT Delhi

FITT (Foundation for Innovation and Technology Transfer), IIT Delhi, is the industry and academia interface body set up by IIT Delhi. It runs the institute's incubation programme, supports research translation, and helps commercialise its intellectual property through technology transfer and licensing.

What FITT (Foundation for Innovation and Technology Transfer), IIT Delhi offers

• Incubation and mentoring: an incubator programme for start-ups, with mentoring and subsidised working space.
• First-cheque investment: early investment in deep-tech start-ups, where it is usually the first investor in the companies it backs.
• Early-stage financial assistance: support to refine an idea, build a prototype and test the market, subject to available funds.
• Intellectual property management: management of institute IP, with licensing and commercialisation of its assets.
• Research and innovation park: a planned managed facility where IIT Delhi, industry, entrepreneurs and government agencies work together on product development.

Who it works with

Early-stage start-ups and deep-tech companies, as well as industry, entrepreneurs and government agencies that take part in its research park.

Key facts

• Based in: New Delhi, India
• Application: online, followed by an initial discussion and, for some, a pitch to a selection committee