FITT Debt/Equity Investment is a equity investment from Foundation for Innovation and Technology Transfer (FITT), IIT Delhi for open to deep-tech / ground-breaking-technology startups already incubated (or incubating) at FITT, IIT Delhi that have moved past idea…. It provides 10 Lakhs to 1.5 Crore, for deep-tech startups incubated at FITT. Applications are open on a rolling basis. Last verified against the official page on 22 September 2026.
Key facts
| Amount / benefit | 10 Lakhs to 1.5 Crore |
|---|---|
| Provider | Foundation for Innovation and Technology Transfer (FITT), IIT Delhi |
| Where | Pan-India |
| Stage | Early Revenue, Growth |
| Sector | Deep-tech startups incubated at FITT |
| Deadline | Rolling / always open |
| Nodal agency | FITT (Foundation for Innovation and Technology Transfer), IIT Delhi |
| Investment range | Rs 10 Lakh to Rs 1.5 Crore, as first-cheque debt or equity |
| Focus area | Deep-tech and ground-breaking-technology startups incubated at FITT |
| Instrument mix | Debt or equity, decided case by case |
| Related track | Separate FITT grants of Rs 4 Lakh to Rs 1 Crore for earlier-stage/prototype-stage incubatees |
| Prerequisite | Startup must already be incubated (or incubating) at FITT with an IIT Delhi faculty mentor |
What is FITT Debt/Equity Investment?
FITT's Debt/Equity Investment track is one of three financial-support routes the incubator runs for its portfolio companies, alongside grants and general funding-scheme facilitation. It sits under a single "Financial Support" programme page that groups Grants, Debt and Equity as FITT's three funding instruments for incubated startups.
FITT — the Foundation for Innovation and Technology Transfer, IIT Delhi's incubation and industry-interface unit — runs the investment for startups working in deep-tech and "ground-breaking technologies" that it has already taken into incubation. FITT states it typically acts as a first-cheque investor, putting in 10 Lakhs to 1.5 Cr once a startup has moved past the idea stage to a point where FITT's network can help it scale.
This sits apart from FITT's separate grants track (Rs 4 Lakh to 1 Crore) aimed at earlier-stage teams still refining an idea, building a prototype or testing the market, which requires a startup-submitted utilization plan. Because both routes are described as funding programmes for companies already inside the incubation centre, access runs through FITT's incubation application first (an IIT Delhi faculty mentor, private-limited registration, majority Indian shareholding), with debt/equity terms then decided case by case after due diligence — FITT does not publish a separate application form for the investment itself.
Who is eligible for FITT Debt/Equity Investment?
Open to deep-tech / ground-breaking-technology startups already incubated (or incubating) at FITT, IIT Delhi that have moved past idea stage to a point where FITT's network can help them scale; terms and the debt-vs-equity mix are decided case by case after due diligence.
You qualify if:
- You qualify if your startup works in deep-tech or ground-breaking technology and is incubated (or currently incubating) at FITT, IIT Delhi
- You qualify if your startup has moved past pure idea stage to a point where FITT's network can help it scale up
- You qualify if you are registered in India as a private limited company under the Companies Act 2013
- You qualify if resident Indian citizens hold a majority (more than 50%) of shares
- You qualify if at least one promoter/co-founder is committed full-time to the startup
You are not eligible if:
- All co-founders are working on the startup only part-time
- You are an individual applicant without an innovation grant from a government programme (individuals are considered only in that case)
How much does FITT Debt/Equity Investment give, and in what form?
10 Lakhs to 1.5 Crore.
How to apply for FITT Debt/Equity Investment
FITT does not run a separate application form for the debt/equity investment itself; a startup first applies to FITT's Incubation Program (faculty-mentor endorsement, online application, presentation to the TBIU committee), and only companies already incubated at FITT are then considered for its funding programmes, subject to due diligence.
Frequently asked questions
What is FITT's Debt/Equity Investment programme?
It is one of the three financial-support instruments FITT (IIT Delhi's Foundation for Innovation and Technology Transfer) offers its incubated startups — grants, debt and equity. For deep-tech and ground-breaking-technology companies it has taken into incubation, FITT typically comes in as a first-cheque investor once the startup is ready to scale, putting in anywhere from Rs 10 Lakh to Rs 1.5 Crore as debt or equity.
How much funding can a startup get from FITT's debt/equity route?
FITT's own financial-support page states the range as "10 Lakhs to 1.5 Cr," describing itself as typically the first-cheque investor for the deep-tech companies in its portfolio. The exact amount and whether it is structured as debt or equity is decided case by case after FITT's due diligence, so there is no single fixed ticket size.
Who is eligible for FITT's Debt/Equity Investment?
The investment is aimed at startups working in deep-tech or ground-breaking technologies that FITT has already incubated, and that have reached a stage where FITT's network of assistance can help them scale. Underlying incubation eligibility (from FITT's incubation FAQ) requires registration in India as a private limited company under the Companies Act 2013, majority Indian shareholding, and at least one full-time promoter.
Is this a grant, or an actual investment?
It is an investment, not a grant. FITT separates the two on its financial-support page: grants of Rs 4 Lakh to Rs 1 Crore go to earlier-stage teams refining an idea or building a prototype against a submitted utilization plan, while the Debt/Equity Investment of Rs 10 Lakh to Rs 1.5 Crore is aimed at deep-tech incubatees ready to scale, taken as debt or equity rather than as non-repayable support.
Do I need to already be incubated at FITT to get this investment?
Yes. FITT's incubation FAQ states that companies in its Incubation Center may apply to its funding programmes, subject to due diligence, and that the FITT team guides applicants toward the right scheme during that process. There is no route to the debt/equity investment that bypasses FITT's own incubation programme.
How do I apply for FITT's incubation and, in turn, this investment?
FITT's incubation FAQ describes the route as: find an IIT Delhi faculty member to act as technical mentor, fill the online application form with that faculty endorsement (or email fitt.incubator@gmail.com), and present to the TBIU selection committee if shortlisted. Admission runs on a rolling basis, subject to space; funding programmes, including debt/equity, are then accessed by companies already inside the incubation centre.
Related programmes
Browse similar equity programmes. CapEasy handles this under Fundraising advisory.
Source and verification
Official programme page: fitt-iitd.in. Last verified 22 September 2026. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.