**Executive Summary**
This document outlines a Memorandum of Understanding (MoU) signed between WaveX, under the Ministry of Information & Broadcasting, and the Foundation for Innovation and Technology Transfer (FITT), IIT Delhi. The MoU aims to boost innovation, incubation, and entrepreneurship in media, entertainment, broadcasting, and communication technologies. The signing took place on January 6, 2024, in New Delhi.
**Key Points / Main Content**
* **Purpose of MoU:** To strengthen innovation, incubation, and entrepreneurship in media, entertainment, broadcasting, and communication technologies.
* **Collaboration Details:**
* FITT, IIT Delhi, will support the implementation and expansion of the WaveX Programme.
* FITT will provide strategic and operational guidance for incubator setup and facilitate engagement with other IITs and innovation hubs.
* FITT will offer access to technical expertise, research facilities, mentorship, and IP support.
* FITT will enable capacity-building initiatives for startups and incubation managers.
* **WaveX's Role:**
* WaveX will provide financial support, policy guidance, and national visibility for the program.
* WaveX aims to nurture a future-ready media and entertainment technology ecosystem by enabling startups with funding support, mentorship, infrastructure access, industry partnerships, and exposure to investors and global markets.
* **Overall Goal:** To leverage the academic, research, and innovation strengths of IIT Delhi to accelerate startup growth and technology commercialization under the WaveX framework.
**Impact Analysis**
**FITT, IIT Delhi**
* **Impact:** Increased engagement in fostering technology-driven entrepreneurship, enabling them to contribute to the media and entertainment sectors.
* **Action Required:** Implement the MoU by providing strategic guidance, access to resources, and capacity-building initiatives for startups and incubation managers.
**WaveX / Ministry of Information & Broadcasting**
* **Impact:** Supports the advancement of a national media and entertainment technology innovation and incubation program.
* **Action Required:** Provide financial support, policy guidance, and national visibility to the WaveX program.
**Media and Entertainment Startups & Entrepreneurs**
* **Impact:** Enhanced opportunities for innovation, incubation, and growth in the media and entertainment technology sector. Access to funding, mentorship, infrastructure, and industry partnerships.
* **Action Required:** Participate in the WaveX Programme and utilize the resources and support provided by FITT, IIT Delhi, to develop and commercialize innovative technologies.
Key Entities Referenced
Ministry of Information & Broadcasting: The primary ministry involved in the MoU to support media technology entrepreneurship.
WaveX: A national media and entertainment technology innovation and incubation programme.
FITT: Foundation for Innovation and Technology Transfer, the industry interface organization of IIT Delhi.
IIT Delhi: Indian Institute of Technology Delhi, collaborating with the Ministry and WaveX to foster innovation.
Memorandum of Understanding (MoU): The agreement between the Ministry, WaveX, and FITT-IIT Delhi to accelerate media technology entrepreneurship.
Ministry of Information & Broadcasting
Ministry of I&B’s WaveX Signs MoU with FITT-IIT
Delhi to Boost Innovation in Broadcasting &
Entertainment
Memorandum to Accelerate Media Technology
Entrepreneurship
प्रव तथ: 06 JAN 2026 6:26PM by PIB Delhi
WaveX, the startup accelerator initiative under Ministry of Information & Broadcasting, Government of
India, signed a Memorandum of Understanding (MoU) with Foundation for Innovation and Technology
Transfer (FITT), IIT Delhi, to collaborate on strengthening innovation, incubation and entrepreneurship in
media, entertainment, broadcasting and communication technologies.
The MoU was signed by the teams of WaveX, and FITT, in the presence of Shri Sanjay Jaju,
Secretary, Ministry of Information & Broadcasting in Shastri Bhawan, New Delhi.
Under this collaboration, FITT, IIT Delhi will support the implementation and expansion of the WaveX
Programme, a national initiative aimed at fostering innovation and entrepreneurship by establishing and
strengthening incubation centres across the country. FITT will provide strategic and operational guidance
for incubator setup, facilitate engagement with other IITs and innovation hubs, offer access to technical
expertise, research facilities, mentorship, IP support, and enable capacity-building initiatives for startups
and incubation managers.WaveX, under the Ministry of Information & Broadcasting, will provide financial support, policy
guidance, and national visibility for the programme. Through this collaboration, WaveX aims to nurture a
future-ready media and entertainment technology ecosystem by enabling startups with funding support,
mentorship, infrastructure access, industry partnerships, and exposure to investors and global markets.
On the occasion, Sh. Jaju said, “WaveX is envisioned as a national catalyst for innovation in media and
entertainment technologies. WaveX 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 wider ecosystem and establish world-class incubation facilities for M&Estartups.”
Further Dr. Nikhil Agarwal, Managing Director, FITT, IIT Delhi, who signed the MoU on behalf of
FITT said,
“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 create a strong national incubation platform that supports startups
working at the intersection of media, technology, and innovation.”
This partnership marks a significant step towards leveraging the academic, research and innovation
strengths of IIT Delhi to accelerate startup growth and technology commercialization under the WaveX
framework, further strengthening India’s media and entertainment innovation ecosystem.
About FITT
Foundation for Innovation and Technology Transfer (FITT), IIT Delhi is the industry interface
organisation of the Indian Institute of Technology Delhi. Established to facilitate innovation,
entrepreneurship, and technology commercialization, FITT plays a key role in incubation, industry
collaboration, research translation, intellectual property management, and startup ecosystem development
within and beyond the IIT Delhi ecosystem.
About WaveX
WaveX is a national media and entertainment technology innovation and incubation programme under the
aegis of the Ministry of Information & Broadcasting (MIB), Government of India, implemented through
the National Film Development Corporation Ltd. The initiative aims to nurture startups and entrepreneurs
working in broadcasting, communication, media, and emerging technologies by providing structured
incubation support, industry access, mentorship, and national and global exposure.
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Mahesh Kumar/Vivek Vishwash(रलीज़ आईडी: 2211832) आगंतुक पटल : 1131
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