WaveX Partners with FITT, IIT Delhi to Strengthen Media-Tech Incubation and Innovation Across India
WaveX, the startup accelerator initiative under the Ministry of Information & Broadcasting (MIB), Government of India, has signed a Memorandum of Understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), IIT Delhi, to jointly advance innovation, incubation, and entrepreneurship in media, entertainment, broadcasting, and communication technologies.
The MoU was signed by representatives of WaveX and FITT in the presence of Shri Sanjay Jaju, Secretary, Ministry of Information & Broadcasting, at Shastri Bhawan, New Delhi.
Under the partnership, FITT, IIT Delhi will support the implementation and expansion of the WaveX Programme, a national initiative focused on fostering innovation-driven entrepreneurship by establishing and strengthening incubation centres across the country. FITT will provide strategic and operational guidance for incubator setup, facilitate collaboration with other IITs and innovation hubs, and offer access to technical expertise, research infrastructure, mentorship, and intellectual property support. The collaboration will also enable capacity-building initiatives for startups and incubation managers.
WaveX, under the Ministry of Information & Broadcasting, will extend financial support, policy guidance, and national visibility to the programme. Through this collaboration, WaveX aims to build a future-ready media and entertainment technology ecosystem by enabling startups with funding assistance, mentorship, infrastructure access, industry partnerships, and exposure to investors and global markets.
Speaking on the occasion, Shri Sanjay Jaju said:
“WaveX is envisioned as a national catalyst for innovation in media and entertainment technologies. The programme will accelerate startups driving core technological disruption in the media industry, as well as innovators building new applications on existing technology platforms. WaveX aims to catalyse the broader ecosystem and establish world-class incubation facilities for M&E startups across India.”
Dr. Nikhil Agarwal, Managing Director, FITT, IIT Delhi, who signed the MoU on behalf of FITT, added:
“This partnership with WaveX reflects FITT’s commitment to enabling technology-driven entrepreneurship in emerging and creative technology sectors. By combining policy support, academic excellence, and industry engagement, we aim to build a strong national incubation platform that supports startups working at the intersection of media, technology, and innovation.”
This collaboration marks a significant step towards leveraging IIT Delhi’s academic, research, and innovation capabilities to accelerate startup growth and technology commercialisation under the WaveX framework, further strengthening India’s media and entertainment innovation ecosystem.
