FOUNDATION FOR INNOVATION & TECHNOLOGY TRANSFER

FITT is neither a factory nor a trader. It functions as a technology transfer organization, innovation facilitator, and incubation center.

FOUNDATION FOR INNOVATION & TECHNOLOGY TRANSFER (FITT)

Overview

FITT is a registered society established by the Indian Institute of Technology Delhi (IIT Delhi). It serves as the industrial interface of IIT Delhi, designed to promote, facilitate, and manage the interaction between the institute's research and academic strengths and the needs of industry and society.

Primary Objectives and Activities

1. Technology Transfer and Commercialization: FITT is responsible for identifying and transferring technologies developed at IIT Delhi to industry for commercialization. This includes licensing intellectual property, patents, and know-how.

2. Industrial Consultancy: It facilitates consultancy services offered by IIT Delhi faculty to various industries, providing expert solutions to specific technical challenges.

3. Sponsored Research: FITT manages sponsored research projects undertaken by IIT Delhi faculty for external organizations, ensuring effective project execution and compliance.

4. Startup Incubation: It operates an incubation center that nurtures and supports technology-based startups, providing them with infrastructure, mentorship, and access to IIT Delhi's vast resources and expertise.

5. Intellectual Property Management: FITT handles the intellectual property rights generated from research at IIT Delhi, including patent filing, prosecution, and management.

6. Promoting Innovation and Entrepreneurship: It actively fosters a culture of innovation and entrepreneurship within the IIT Delhi ecosystem and aims to translate research breakthroughs into tangible societal and economic benefits.

Conclusion on Business Type

FITT is primarily a service-oriented organization focused on bridging academia and industry, facilitating knowledge transfer, technology development, and entrepreneurship. It does not engage in manufacturing physical goods (like a factory) nor does it buy and sell finished products (like a trader). Its core function is to enable and manage the flow of innovation from the laboratory to the market.

I don't have enough reliable information about the specific products manufactured or sold by the FOUNDATION FOR INNOVATION & TECHNOLOGY TRANSFER in India. To provide an accurate list, I would need access to their official website, product catalogs, or other reliable sources that detail their current offerings.