# Foundation for Innovation and Technology Transfer

> Foundation for Innovation and Technology Transfer is a VC fund backing Health Care. See 5 investments, check sizes, portfolio and contact details. Updated…

- Type: VC Fund
- Location: New Delhi, India
- Total investments: 5
- Last investment: Nov 2022
- Lead investor: 20%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/9121222
- X (Twitter): https://twitter.com/_fitt2014
- Website: http://fitt-iitd.org

Foundation for Innovation and Technology Transfer is a VC fund in New Delhi focused on Health Care and AgTech. FITT is an industrial interface organisation. It was established at the Indian Institute of Technology Delhi (IIT Delhi) as a Registered Society on 9th July 1992. The mission of FITT is to be an effective Interface with the Industry to foster, promote and sustain commercialization of Science and Technology in the Institute for mutual benefits. Fortwenty one years now, FITT has been in a mission mode for effecting the interface between the Institute and the industry and has been devising innovative ways to create partnerships and linkages with business and community to enable knowledge transfer for common good. The team at FITT and academicians from IIT Delhi have been largely responsible for their successful outreach efforts including extensive S&T collaborations. The role of FITT can be seen in fostering technology development, technical consultancy, collaborative R&D, professional HR development programs, industry-site visits, event participation, corporate membership etc. This is necessitated by the key agenda of the Foundation to showcase and transfer the Institute’s intellectual ware to industry and also inject industrial relevance in teaching and research at IITD. Quite a number of short term and medium term education courses on emerging technologies have been organized and a number of important problem solving innovative and research-oriented consultancy projects have been taken up. DSIR has recognized FITT as a Scientific and Industrial Research Organization (SIRO). As a SIRO, FITT is eligible for full custom duty exemption for import of capital goods, raw materials and technology know-how that are required for execution of R&D programmes sponsored by the industry.

## Contacts

5 contacts available for Foundation for Innovation and Technology Transfer. Shizune tracks 2 team members at Foundation for Innovation and Technology Transfer. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/foundation-for-innovation-and-technology-transfer?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 2 | 40% |
| AgTech | 1 | 20% |
| Medical | 1 | 20% |
| Aerospace | 1 | 20% |
| Automotive | 1 | 20% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 4 | 80% |
| Pre-Seed | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Dr. Anil Wali | Managing Director | 0 | — |
| Prof. V. Ramgopal Rao | Director | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Sputnik Brain | Sputnik Brain is a Samsung, IIT Madras & UNDP(United Nations Development Programme) backed deeptech R&D startup building a nonsurgical brain computer interface to unleash a stress-free human civilization with cutting edge clinically backed neuroscience.Distinguished as one of the top 3 startups in Samsung & IIT Delhi's SFT out of18,000+ teams, being one of the 12 shortlisted grant recipients of the United Nations Development Programme Youth Co:Lab in India, and the winner of IIT Kharagpur's Empresario out of 2000+startups in the country, their mission is to build and distribute a breakthrough neural infrastructure to unshackle the entire human civilization from neurobiological suffering. |  | Grant | Jun 30, 2023 |  |
| Alpha Monitor | Alpha Monitor has created a smart wristband that can monitor Alzheimer's patients and alert carers to changes in their behaviour. |  | Grant | Nov 15, 2022 |  |
| Udaan | Udaan would like to assist underprivileged women with their menstrual health. Sanitary pads are now both expensive and non-biodegradable. Using shredded sugarcane bagasse, the trio is creating eco-friendly, affordable, and washable sanitary pads. |  | Grant | Nov 15, 2022 |  |
| GreenIPCore, PlusQO Corporation Pvt. Ltd. | GreenIPCore is an innovation driven fabless semiconductor company. GreenIPCore has developed ultra high reliable chip design technology which is improves the reliability of the chip at runtime. GreenIPCore's Fault Resistant Technology works perfectly despite of soft errors and Radiative EMI (Electromagnetic Interference), it is correct thefaults at runtime without interrupting the existing working system flow. | $60K | Pre-Seed | May 23, 2022 |  |
| Neem Tree Agro Solutions | Neem Tree provides a data driven crop enhancement system, NT-Kisan.It facilitates the decision making process and helps farmers grow efficiently and grow more. The enhancement system observes several variables which impacts the quantity of quality of produce. Considering these input factors, NT-Kisan analyses and predicts the short term and longterm impact on the quality and quantity of produce and helps farmer take better and improved decisions. | $9.6K | Grant | Jan 28, 2021 |  |

5 of 5 investments shown.

## Co-investors
- [Samsung Electronics](https://shizune.co/investors/profile/samsung-electronics) — VC Fund, 3 deals together
- [Ministry of Electronics and Information Technology - MeitY](https://shizune.co/investors/profile/ministry-of-electronics-and-information-technology-meity) — VC Fund, 1 deal together
- [UNDP](https://shizune.co/investors/profile/undp) — VC Fund, 1 deal together

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## FAQ

### What does Foundation for Innovation and Technology Transfer invest in?

Foundation for Innovation and Technology Transfer invests primarily in Health Care, AgTech and Medical startups, most often at Grant and Pre-Seed stage. Most of the 5 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Foundation for Innovation and Technology Transfer?

Public channels for Foundation for Innovation and Technology Transfer include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Foundation for Innovation and Technology Transfer?

The team at Foundation for Innovation and Technology Transfer includes Dr. Anil Wali (Managing Director) and Prof. V. Ramgopal Rao (Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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