WaveX Partners with FITT, IIT Delhi to Scale Media-Tech Incubation and Innovation Across India
In a significant move to foster innovation in the media and technology sectors, WaveX, a startup accelerator initiative under the Ministry of Information and Broadcasting (MIB), has announced a partnership with the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi. This collaboration aims to enhance media-tech incubation and innovation across India.
Memorandum of Understanding (MoU)
The MoU was signed in the presence of Sanjay Jaju, Secretary of the Ministry of Information and Broadcasting, at Shastri Bhawan in New Delhi. This agreement marks a pivotal step towards establishing a robust framework for supporting startups in the fields of media, entertainment, broadcasting, and communication technologies.
Objectives of the Partnership
The partnership between WaveX and FITT aims to:
- Establish and strengthen incubation centers across India for startups in media and technology.
- Provide strategic and operational guidance for the setup of incubators.
- Facilitate engagement with other IITs and innovation hubs.
- Offer access to technical expertise, research facilities, mentorship, and intellectual property (IP) support.
- Enable capacity-building initiatives for startups and incubation managers.
WaveX’s Role
WaveX is set to play a crucial role in this partnership by providing:
- Financial support for startups.
- Policy guidance to navigate regulatory landscapes.
- National visibility to enhance the reach of participating startups.
The initiative is designed to empower startups with essential resources such as funding, mentorship, infrastructure access, industry partnerships, and exposure to investors and global markets.
Vision for Innovation
Sanjay Jaju articulated the vision behind WaveX, stating, “WaveX is envisioned as a national catalyst for innovation in media and entertainment technologies. It will accelerate startups driving core technological disruption in the media industry, as well as innovators building new applications on existing technology platforms.”
He emphasized that WaveX aims to catalyze the wider ecosystem and establish world-class incubation facilities for media and entertainment startups.
FITT’s Commitment
Nikhil Agarwal, Managing Director of FITT, IIT Delhi, expressed that this partnership reflects FITT’s commitment to enabling technology-driven entrepreneurship in emerging and creative technology sectors. He stated, “By combining policy support, academic excellence, and industry engagement, we aim to create a strong national incubation platform that supports startups working at the intersection of media, technology, and innovation.”
Leveraging Academic Strengths
The collaboration aims to leverage IIT Delhi’s academic and research strengths to accelerate startup growth and technology commercialization under the WaveX framework. This strategic alliance is expected to strengthen India’s media and entertainment innovation ecosystem significantly.
About WaveX
WaveX is a national media and entertainment technology innovation and incubation program under the aegis of the Ministry of Information and Broadcasting. It is implemented through the National Film Development Corporation Ltd (NFDC) and supports startups and entrepreneurs working in broadcasting, communication, media, and emerging technologies. The program offers structured incubation support, industry access, mentorship, and both national and global exposure.
About FITT
FITT is IIT Delhi’s industry interface organization, focusing on innovation, entrepreneurship, and technology commercialization. Its activities include incubation, industry collaboration, research translation, and intellectual property management. Through this partnership, FITT aims to enhance the support available to startups in the media-tech sector.
Conclusion
The partnership between WaveX and FITT, IIT Delhi, represents a significant advancement in the landscape of media-tech incubation in India. By combining resources, expertise, and strategic guidance, this collaboration aims to foster a thriving ecosystem for startups, encouraging innovation and growth in the media and entertainment sectors.
Note: The information provided in this article is based on a press release and public statements made by the involved parties as of January 2026.
