FITT IIT Delhi Hosts WaveX Accelerator Announcement to Support Media and AVGC-XR Startups
Mumbai: On January 23, 2026, the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi held an official announcement for the WaveX Accelerator Programme. This flagship startup accelerator initiative is backed by the Ministry of Information & Broadcasting (MIB), Government of India. The announcement took place during a WaveX Startup Mixer organized at FITT, in collaboration with partners including T-Hub Hyderabad, IICT Mumbai, FTII Pune, SRFTI Kolkata, and various Indian Institutes of Mass Communication (IIMCs).
WaveX Accelerator: A Focus on Innovation
The WaveX Accelerator aims to accelerate innovation within the realms of media, Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR), broadcasting, communication, and emerging technologies. This initiative is supported by a nationwide incubation network that encompasses IITs, innovation hubs, and leading incubators.
Event Highlights
The launch event coincided with the introduction of “The Groundbreaker,” a new initiative by entrepreneur Mr. Kanwal Rekhi. The event attracted a diverse audience, including students, startups, investors, and ecosystem leaders. Key proceedings included:
- A welcome address by Prof. Rangan Banerjee, Director of IIT Delhi.
- Opening remarks from Prof. Banerjee, Dr. Nikhil Agarwal, Managing Director of FITT, and Mr. Rekhi.
- Mr. Rekhi’s address on entrepreneurial leadership within the WaveX framework.
- Updates on the WaveX Accelerator programme.
- A Q&A session, book signing, and networking interactions.
These activities provided startups with valuable insights into incubation opportunities, access to IIT research labs, faculty mentorship, intellectual property (IP) support, and investor linkages facilitated through the FITT partnership.
Statements from Key Figures
Ashutosh Mohle, Chief Executive Officer of WaveX at the Ministry of Information & Broadcasting, stated, “The announcement of the WaveX Accelerator marks a pivotal expansion of our nine-centre network with partners like FITT IIT Delhi and T-Hub. We aim to deliver policy-backed funding, national visibility, hackathons, and investor exposure to propel AVGC-XR and media-tech startups towards global scale.”
Dr. Nikhil Agarwal, Managing Director of FITT, emphasized, “Hosting this WaveX announcement at FITT underscores our MoU role in operationalizing incubation centres. We provide IIT research labs, faculty mentorship, IP commercialization, and multi-IIT coordination for startups innovating in broadcasting, immersive tech, and digital content while prioritizing the protection of creative IP as a cornerstone for sustainable innovation in India’s media ecosystem.”
Collaboration and Support
Following a recently signed Memorandum of Understanding (MoU) between FITT and WaveX, this collaboration combines WaveX’s funding, policy support, and national outreach with FITT’s operational execution, research, and industry collaborations. The accelerator is set to support startups across various fields, including:
- Animation
- Gaming
- Extended Reality (XR)
- AI-led content creation
- Digital platforms
With its integrated incubation model and policy-backed support, the WaveX Accelerator positions itself as a key enabler of India’s rapidly growing media and entertainment technology ecosystem.
Conclusion
The WaveX Accelerator represents a significant step forward in fostering innovation and entrepreneurship within India’s media and AVGC-XR sectors. By providing essential resources, mentorship, and funding, the initiative aims to empower startups and drive growth in these dynamic industries.
Note: The information provided in this article is based on the announcement made on January 23, 2026, and is subject to change as the WaveX Accelerator Programme evolves.
