New Delhi: WaveX, the startup accelerator initiative under the Ministry of Information & Broadcasting (MIB), has signed a Memorandum of Understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), IIT Delhi, to boost innovation, incubation and entrepreneurship in media, entertainment, broadcasting and communication technologies.
The MoU was signed at Shastri Bhawan, New Delhi, in the presence of MIB Secretary Sanjay Jaju. Under the partnership, FITT, IIT Delhi will support the rollout and expansion of the WaveX Programme, a national initiative focused on building and strengthening incubation centres across the country.
FITT will offer strategic and operational support for setting up incubators, facilitate collaboration with other IITs and innovation hubs, and provide startups access to technical expertise, research facilities, mentorship, intellectual property support and capacity-building initiatives.
WaveX will extend financial assistance, policy direction and national-level visibility to the programme.
The collaboration aims to create a future-ready media and entertainment technology ecosystem by enabling startups with funding, infrastructure access, industry linkages and exposure to investors and global markets.
Highlighting the vision behind the initiative, Jaju said WaveX is designed to act as a national catalyst for innovation in media and entertainment technologies.
FITT Managing Director Dr Nikhil Agarwal said the partnership brings together policy support, academic strength and industry engagement to build a strong national incubation platform for media-tech startups.
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