The role of FITT can be seen in fostering technology development, technical consultancy, collaborative R&D, professional HR development programs, industry-site visits, event participation, corporate membership etc. This is necessitated by the key agenda of the Foundation to showcase and transfer the Institute’s intellectual ware to industry and also inject industrial relevance in teaching and research at IITD. Quite a number of short term and medium term education courses on emerging technologies have been organized and a number of important problem solving innovative and research-oriented consultancy projects have been taken up.
DSIR has recognized FITT as a Scientific and Industrial Research Organization (SIRO). As a SIRO, FITT is eligible for custom duty exemption for import of capital goods, raw materials and technology know-how that are required for execution of R&D Programmes sponsored by the industry.
“To be an effective interface with the Industry to foster, promote and sustain commercialization of Science and Technology in the Institute for mutual benefits.”
For over twenty years, FITT has been in a mission mode for effecting the interface between the Institute and the Industry and has been devising innovative ways to create partnerships and linkages with business and community to enable knowledge transfer for common good. The team at FITT and IIT Delhi academicians has been largely responsible for our successful outreach efforts including extensive S&T collaborations.