Funding support at FITT
A programme by FITT, IIT Delhi (Foundation for Innovation and Technology Transfer)
FITT backs deep-tech startups directly with grants, debt and equity, and is often the first investor on the cap table.
At a glance
| Best for | Deep-tech founders who want capital alongside incubation |
|---|---|
| Stage | Idea – Early revenue |
| Format | In person |
| Cost | Takes equity |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
About Funding support at FITT
FITT invests early in deep-tech startups through its incubation and scale-up programmes, and says most of its companies are ones where it wrote the first cheque. It funds through three routes — grants, debt and equity — and helps founders raise from seed through later rounds.
What you get
- Grant support for early-stage teams refining an idea, building a prototype and testing market potential, assessed against the team's goals and a utilisation plan you submit
- Debt or equity investment for startups ready to scale
- Help identifying which of the government and corporate schemes FITT implements fits your stage and focus
Who can apply
- Deep-tech startups, from idea stage through post-revenue
- Companies in the incubation centre may apply to FITT's funding programmes, subject to due diligence
How to apply: Through FITT's incubation application. The funding programmes are competitive, and the team guides applicants on which scheme fits.
Where to apply
Other FITT programmes
- Incubation at IIT Delhi (TBIU)FITT's standing incubation programme at IIT Delhi, giving technology startups subsidised campus space, a faculty technical mentor and access to prototyping labs for two years.
- BioNEST bio-incubationFITT's biotechnology incubation facility at IIT Delhi, run under BIRAC's BioNEST scheme, with bench space for up to fourteen teams at a time.
- Government funding schemes FITT implementsFITT is the implementing agency at IIT Delhi for central-government startup schemes across DST, BIRAC, MeitY, Startup India, MSME and defence.
- UNNATI AI 2.0 — Unnati se PragatiFITT's AI programme with Microsoft's CSR arm, backing AI startups and innovators with capacity building and real-world pilots.
- BUILD — Boeing University Innovation Leadership Development ProgramAn aerospace innovation and leadership programme FITT runs with Boeing for graduating students and early founders.
- Sona Comstar IIT Delhi Innovation Program (SCIDIP)A mobility-focused programme FITT runs with Sona Comstar for startups building smart, safe and clean transport solutions.
- IGNITE — Fueling DeepTechA deep-tech and clean-tech programme FITT runs with IDFC FIRST Bank for founders in both large and smaller Indian cities.
- Healthier India ProgramA challenge-driven health programme anchored by FITT with the Atal Innovation Mission, aimed at cardiometabolic disease.
- NatWest FinTech Frontier ProgramA fintech programme with NatWest Group that puts IIT faculty and late-stage startups onto live banking challenges.
- Maruti Suzuki Quest for Clean AirA clean-air technology programme FITT runs with Maruti Suzuki India Limited.
- Kotak BizLabsA Kotak-backed programme for startups working on societal and industry challenges.
- Samsung Solve for TomorrowA STEM and design-thinking competition FITT hosts with Samsung for young people aged 16 to 22.
- Pfizer-IIT Delhi Innovation and IP Program (PIIIP)A healthcare innovation and IP programme FITT has run with Pfizer Limited since a 2015 collaboration agreement.
- SPARKFITT's own early-stage programme for aspiring entrepreneurs turning an idea into a business.
- Mentorship programmeFITT matches startups with industry mentors by domain, then runs one-on-one sessions alongside masterclasses and workshops.