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 9th July 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 setting up of an industrial foundation to enhance the programmes of interaction and collaboration between IIT and industry. To implement this recommendation the Institute took up this initiative, with a seed grant received from government at that time, which, led to the setting up of FITT.
Aims and Objective
FITT aims 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 now, FITT has been an 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 academicians from IIT Delhi has been largely responsible for the successful outreach efforts including extensive S&T collaborations.
The role of FITT can be seen in fostering technology development, technical consultancy, collaborative R&D, 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 problems 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 customs duty exemption for import of capital goods, raw materials and technical know-how that is 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 five 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.