Established by IIT Delhi, (IITD) in 1992, the Foundation for Innovation and Technology Transfer (FITT) allows corporates to have a “single window’’ on IITD science & Technology and foster links between business and the academic community. Over the past several years, more than 250 companies have taken advantage of this opportunity, helping to shape one of the most successful technology development & transfer networks in the country.
Corporate members receive benefits including: advance notification of all patent applications / technologies marketed by FITT, invitations to yearly meeting & dinner, customized research presentations and seminars, newsletters and select information dissemination. Most importantly, however, members develop an advantageous working relationship with FITT that allows them to gain access to IITD research, as well as a variety of local businesses and services. Companies pay an annual fee (depending on their size) for renewable membership.
FITT is the preferred route for technology development projects and technology transfer from IITD and new business formation through incubation of technology based start-up companies. Members get a good initial opportunity to have a sneak preview of developments at the Institute.
Such meetings provide a unique environment for constructive interaction between business leaders and top Institute scientists. Corporate members receive invitations to such events.
FITT can also arrange presentations, seminars and with the agreement of researchers, laboratory visits for the members in response to requests for Institute contacts on a particular subject.
Industry / Organizations / Industry Associations are eligible to become Corporate Members of FITT
|Category||Type of Organization||Annual Turnover||Annual Fee**||Amount with GST||Lifetime Membership|
|A||Large Scale Industry||₹ 100 crores & above||₹ 10,000/-||₹ 11,800/-||₹ 1,18,000/-|
|B||Medium Scale Industry||More than ₹ 2.50 crores but less than ₹ 100 crores||₹ 5,000/-||₹ 5,900/-||NA*|
|C||Small Scale Industry||₹ 2.50 Crores or less||₹ 5,000/-**||₹ 5,900/-**||NA|
|D||Small Scale Industry/R&D Organizations/ R&D Funding Agencies/Industry Associations||R&D organizations/ R&D Funding Agencies/ Industry Associations||₹ 5,000/-||₹ 5,900/||₹ 59,000/-|
*GST as per applicable rates
**For category ‘C’, 5 Years membership at a time
Cheque/ DD to be drawn in favor of ‘‘FITT, IIT Delhi’’
Annual period is reckoned at 365 days from the date of admission as a Corporate Member.
For more details, please write or contact:
Foundation for Innovation & Technology Transfer,
IIT Delhi, Hauz Khas, New Delhi – 110 016
Phones: +91 11 2659 7153, 2685 7762 (Ext. 7285, 7289)
Fax: +91 11 2685 1169