The Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi has been a pioneer in knowledge transfer activities from academia since its inception in 1992. This techno-commercial organization from academia is counted among the most successful of its kind.
FITT offers superior program management services and is steadily expanding its operational footprint. The varied roles of FITT can be seen in enabling innovations and technopreneurship, business partnerships, technology development, consultancy, collaborative R&D, technology commercialization, development programs, and corporate memberships, among others.
These roles are necessitated by the key agenda of the Foundation to showcase the Institute’s “intellectual ware” to industry, thereby unlocking its knowledge base and inculcating industrial relevance in teaching and research at IIT Delhi.
DSIR has recognized FITT as a Scientific and Industrial Research Organization (SIRO). As an SIRO, FITT is eligible for full customs duty exemption on the import of capital goods, raw materials, and technology know-how required for the execution of R&D programs sponsored by the industry.
The Foundation for Innovation and Technology Transfer (FITT) is an industrial interface organization established at the Indian Institute of Technology Delhi (IIT Delhi) as a Registered Society on July 9, 1992. Dr. NC Nigam was the founding Chairman of FITT, and Dr. AK Sengupta was the first full-time Managing Director.
IIT Delhi’s Review Committee Report (1986) recommended the establishment of an industrial foundation to enhance the programs of interaction and collaboration between IIT and industry. To implement this recommendation, the Institute initiated this project with a seed grant received from the government at the time, which led to the establishment of FITT.
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WHAT WE AIM?
FITT aims to be an effective Interface with the industry to foster, promote, and sustain the commercialization of science and technology in the Institute for mutual benefits.
OUR SERVICES AND ACTIVITIES:
- Research partnership with industry for technology development and its commercial applications
- Transfer of technology relating to proven R&D outputs
- Intellectual property management
- Innovative problem-solving consultancy with industry clients
- Information support service to industry and R&D organizations
- Specialist development programmes
- Corporate membership of FITT
- Facilitate funding for the development of innovative ideas with commercial implications
- Incubation and hand-holding tech-based new business formation
DSIR has recognized FITT as a Scientific and Industrial Research Organization (SIRO). As an SIRO, FITT is eligible for customs duty exemption on the import of capital goods, raw materials, and technical know-how required for the execution of R&D Programmes sponsored by the industry.
MISSION
“To be an effective interface with the Industry to foster, promote and sustain commercialization of Science and Technology in the Institute for mutual benefits.”
With this mission mode, FITT has:
- enabled knowledge transfer
- created partnerships and linkages with business and community
The team at FITT and IIT Delhi academicians has been largely responsible for our successful outreach efforts, including extensive S&T collaborations.