In a significant move to strengthen India’s media and entertainment innovation ecosystem, WaveX, the startup accelerator initiative under the Ministry of Information and Broadcasting, signed a Memorandum of Understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), Indian Institute of Technology Delhi. The collaboration aims to accelerate innovation, incubation, and entrepreneurship in media, entertainment, broadcasting, and communication technologies.
The MoU was signed at Shastri Bhawan in the presence of Sanjay Jaju, Secretary, Ministry of Information & Broadcasting.
Strengthening the WaveX Innovation Framework
Under the partnership, FITT–IIT Delhi will support the implementation and expansion of the WaveX Programme, a national initiative focused on building and strengthening incubation centres across the country. FITT will provide:
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Strategic and operational guidance for incubator setup
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Access to IIT Delhi’s technical expertise and research facilities
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Mentorship, intellectual property (IP) support, and capacity-building
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Facilitation of engagement with other IITs and innovation hubs
The collaboration leverages IIT Delhi’s academic and research strengths to create a robust national incubation network for media-tech startups.
WaveX’s Role: Funding, Policy and National Visibility
WaveX, under the Ministry of Information & Broadcasting, will provide financial support, policy guidance, and national visibility to the programme. Through this collaboration, WaveX aims to enable startups with:
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Structured funding and incubation support
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Access to infrastructure and mentorship
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Industry partnerships and investor exposure
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Opportunities to scale into national and global markets
The initiative seeks to build a future-ready media and entertainment technology ecosystem aligned with emerging digital and creative technologies.
Government Vision for Media-Tech Entrepreneurship
Speaking on the occasion, Sanjay Jaju said that WaveX is envisioned as a national catalyst for innovation in media and entertainment technologies. He noted that the programme will accelerate startups driving core technological disruption in the media industry, as well as innovators building new applications on existing platforms.
He added that WaveX aims to catalyse the wider ecosystem by establishing world-class incubation facilities for media and entertainment startups.
FITT–IIT Delhi on Academic–Industry Collaboration
Nikhil Agarwal, Managing Director, FITT–IIT Delhi, said the partnership reflects FITT’s commitment to technology-driven entrepreneurship in emerging and creative sectors. He emphasised that by combining policy support, academic excellence, and industry engagement, the collaboration aims to build a strong national incubation platform at the intersection of media, technology, and innovation.
Leveraging IIT Delhi’s Innovation Ecosystem
The partnership marks an important step in leveraging IIT Delhi’s strengths in research, innovation, and technology commercialisation to support startup growth under the WaveX framework. It is expected to enhance the scale, quality, and impact of incubation support available to startups in broadcasting and entertainment technologies.
About FITT–IIT Delhi
The Foundation for Innovation and Technology Transfer (FITT) is the industry interface organisation of IIT Delhi. It plays a key role in innovation, incubation, technology commercialisation, IP management, and startup ecosystem development, serving as a bridge between academia and industry.
About WaveX
WaveX is a national media and entertainment technology innovation and incubation programme under the Ministry of Information & Broadcasting, implemented through the National Film Development Corporation Ltd. The initiative supports startups working in broadcasting, communication, media, and emerging technologies through structured incubation, mentorship, industry access, and global exposure.
Conclusion
The MoU between WaveX and FITT–IIT Delhi marks a strategic step towards building a globally competitive media and entertainment technology startup ecosystem in India. By aligning government policy support with academic excellence and industry engagement, the collaboration is set to accelerate innovation, entrepreneurship, and technology-led growth in the broadcasting and entertainment sectors.
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Source: PIB
