New Delhi, January 6 (.) WaveX, the startup accelerator initiative under Ministry of Information and Broadcasting, signed a Memorandum of Understanding (MoU) with Foundation for Innovation and Technology Transfer (FITT), IIT Delhi, to collaborate on strengthening innovation, incubation and entrepreneurship in media, entertainment, broadcasting and communication technologies.
The MoU was signed by the teams of WaveX, and FITT, in the presence of Sanjay Jaju, Secretary, Ministry of Information and Broadcasting in Shastri Bhawan, here today.
WaveX is a national media and entertainment technology innovation and incubation programme under the aegis of the Ministry of Information & Broadcasting (MIB), Government of India, implemented through the National Film Development Corporation Ltd.
The initiative aims to nurture startups and entrepreneurs working in broadcasting, communication, media, and emerging technologies by providing structured incubation support, industry access, mentorship, and national and global exposure.
Under this collaboration, FITT, IIT Delhi will support the implementation and expansion of the WaveX Programme, a national initiative aimed at fostering innovation and entrepreneurship by establishing and strengthening incubation centres across the country.
FITT will provide strategic and operational guidance for incubator setup, facilitate engagement with other IITs and innovation hubs, offer access to technical expertise, research facilities, mentorship, IP support, and enable capacity-building initiatives for startups and incubation managers.
WaveX will provide financial support, policy guidance, and national visibility for the programme. Through this collaboration, WaveX aims to nurture a future-ready media and entertainment technology ecosystem by enabling startups with funding support, mentorship, infrastructure access, industry partnerships, and exposure to investors and global markets.
Addressing the gathering, Jaju said that WaveX is envisioned as a national catalyst for innovation in media and entertainment technologies. “WaveX will accelerate startups driving core technological disruption in the media industry, as well as innovators building new applications on existing technology platforms. WaveX aims to catalyse the wider ecosystem and establish world-class incubation facilities for M&E startups,” he added.
Further, Agarwal called the partnership with WaveX as a reflection of FITT’s commitment to enabling technology-driven entrepreneurship in emerging and creative technology sectors. “By combining policy support, academic excellence, and industry engagement, we aim to create a strong national incubation platform that supports startups working at the intersection of media, technology, and innovation,” he said.
. PWS PRP