Foundation For Innovation And Technology Transfer

FITT, IIT Delhi signs MOU with NSRCEL, IIM Bangalore 

MoU

Foundation for Innovation and Technology Transfer (FITT), IIT Delhi and N S Raghavan Centre for Entrepreneurial Learning (NSRCEL), IIM Bangalore have been pioneering the promotion of entrepreneurship in their respective domains and geographies and have successfully built thriving ecosystems and platforms where new ideas are being continuously nurtured and new ventures are created.

FITT and NSRCEL have now decided to pool in their strengths to synergistically enhance their reach and impact by agreeing to jointly mentor the start-ups at their respective incubators. This alliance was made possible by the zeal and untiring efforts of some of the common senior alumni of both institutions, who strongly felt that the combined expertise of both the institutes could be of greater value to the start-ups from both the institutes. They worked closely over last one year with NSRCEL and FITT to shape the relationship.

This initiative was fully supported by the Directors of both the Institutions. Prof G Raghuram (Director – IIMB) expressed that there are several areas of collaboration which have opened up between two premier institutions of the country to build a larger ecosystem to support startups. Prof V Ramgopal Rao (Director – IITD) suggested that one in four students at IIT Delhi aspires to be an entrepreneur; while they are well versed with technology – this partnership with NSRCEL, IIMB will give them greater access to developing their business models. Dr. Anil Wali (MD – FITT) and other alumni members endorsed the idea.

A team of mentors from the alumni community of both the institutes will help mentor start-ups in both technology and management domains across the different geographies, not limited to start-ups of any particular institute.