FITT IIT Delhi

Overview

Established in 1992, the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi serves as a pivotal bridge between academia and industry, fostering the commercialization of scientific research and technological innovations. FITT's mission is to promote and sustain the commercialization of science and technology within the Institute for mutual benefits. It offers a range of services, including research partnerships, technology transfer, intellectual property management, and incubation programs for startups. FITT's strategic focus encompasses various sectors such as biotechnology, engineering, information technology, telecommunications, aerospace, automotive, energy, consumer goods, media, education, and agriculture. The organization supports startups at different stages, from pre-seed to late-stage growth, and is actively involved in sectors like technology, healthcare, real estate, and financial services. Its investment approach is comprehensive, covering asset classes like venture capital, private equity, real estate, infrastructure, collectibles & art, commodities, crypto, distressed and special situations, ESG and impact investing, fixed income (debt and bonds), and hedge funds. Over the years, FITT has achieved significant milestones, including over 2,100 industry collaborations, more than 1,400 intellectual property rights filed (with over 1,300 patents), and the incubation of over 150 startups. The organization also manages a research and innovation park, providing a managed facility focused on innovation and product development, where IIT Delhi, industry, entrepreneurs, and government agencies interact to create advanced technological solutions. Through these initiatives, FITT continues to play a crucial role in driving innovation and entrepreneurship in India, contributing to the nation's technological advancement and economic growth.

Investment Focus

• Technology-driven startups
• Innovative products or processes
• Preferably in the first five years since inception at the time of application

Portfolio Companies