In January 2026, WaveX, the startup accelerator initiative under the Ministry of Information and Broadcasting (MIB), signed a Memorandum of Understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), Indian Institute of Technology Delhi (IIT Delhi), at Shastri Bhawan, New Delhi, Delhi.
- The agreement, signed in the presence of Sanjay Jaju, Secretary, MIB, aims to accelerate media technology entrepreneurship in India through innovation, incubation, and ecosystem development.
- What? MoU signed to Boost Media-Tech Innovation
- Entities: WaveX and FITT–IIT Delhi
- Where? Shastri Bhawan, New Delhi
- In Presence of: Sanjay Jaju, Secretary, MIB
- Focus: Broadcasting, entertainment, communication technologies
About the MoU between WaveX and FITT–IIT Delhi:
Focus: The partnership focuses on broadcasting, entertainment, communication, and emerging media technologies.
FITT Role: FITT, IIT Delhi will support implementation, provide strategic and operational guidance, enable ecosystem linkages, and offer technical, Intellectual Property (IP), and capacity-building support for incubation centres.
WaveX Role: WaveX will act as the national facilitator by providing funding, policy guidance, infrastructure access, industry partnerships, and global market exposure for startups.
Leadership: WaveX is envisioned as a national catalyst for establishing world-class Media & Entertainment (M&E) incubation facilities through integrated policy, academic, and industry collaboration.
WaveX: It is a national M &E technology innovation and incubation initiative under the MIB, implemented by the National Film Development Corporation (NFDC) in 2025.
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