To provide for advanced instruction and to conduct original investigations in all branches of knowledge as are likely to promote the material and industrial welfare of India.
Jamsetji Tata's Vision for IISc
Foundation for Science Innovation and Development (FSID) is your single window access to the deep science and deep tech within IISc. Incorporated in 2020 as a Section 8 Company under the Companies Act, 2013. FSID is promoted by Indian Institute of Science and was established to further this original mission. It provides a 360-degree set of offerings that facilitates the delivery of its objectives. FSID brings together academia, industry, government, enterprises and startups to accelerate the translation of science and technology into real-world impact.
Origin of FSID
The Indian Institute of Science established the Society for Instrumentation Development (SID) in 1991 to take to market the scientific instrumentation and experimental rigs developed by faculty of the IISc. A larger role was envisaged for this society, to enable industry to leverage the extraordinary repository of knowledge and infrastructure at IISc. The society was therefore renamed as the Society for Innovation and Development in 1997. SID successfully completed several hundred projects for several industries and public agencies for the last 25 years.
In keeping with guidelines from the Ministry of Education and to operate in a better regulated environment, IISc promoted Foundation for Science Innovation and Development (FSID), a Section 8 company under the Companies Act, 2013 in August 2020. FSID has been set up with the same comprehensive objectives as of SID and will continue to collaborate with industry large and small, incubate start-ups and work with consortia of private and public partners towards translation of science and technology for the larger good of the country.
Two Strategic Pillars/ Business Units
FSID is anchored by two strong pillars: Innovation and Incubation—working together to connect startups and government/industry.
Innovation
The Innovation pillar translates scientific research and technological capabilities into solutions for industry and society. It enables collaborations with multinational corporations, Indian corporates and MSMEs across collaborative research, technology development, product development, and consulting.
Incubation
The Incubation pillar nurtures deep-science and deep-tech entrepreneurship, supporting innovators and startups in translating breakthrough technologies into scalable, real-world solutions. As an open, domain-agnostic incubator, it provides access to mentorship, technology, industry networks and other resources to help build and scale startups that address societal needs and contribute to national priorities.
Through its two pillars, FSID connects startups, industry and government, accelerating the translation of research and innovation into real-world solutions, scalable ventures and impact across India and global markets.
Governance & Leadership
FSID is led by Mr. Omprakash Subbarao, Chief Executive Officer, who oversees the organisation’s strategic direction, operations, industry engagements and growth. Its strong institutional association with IISc is reinforced by Prof. Suryasarthy Bose, Professor-in-Charge, who provides institutional oversight and serves as the principal interface between FSID and IISc. The organisation’s two strategic pillars—Innovation and Incubation—are led by Mr. Sandeep Sehgal -Innovation and Mr. Raj Waghray-Head- Incubation, driving industry collaboration, technology development and deep-tech entrepreneurship.
Mr. Omprakash Subbarao, Chief Executive Officer
Prof. Suryasarthy Bose, Professor-in-Charge
Executives
| Names | Designation |
|---|---|
| Mr. Omprakash Subbarao | Chief Executive Officer - FSID |
| Prof. Suryasarathi Bose | Faculty-in-Charge - FSID |
| Mr. Sandeep Sehgal | Head -Innovations & Chief of Staff |
| Mr. Raj Waghray | Head - Incubation |
Supported by the guidance and expertise of CV Natraj, CS Murali, Air Cmde PK Choudhary VSM (Retd), Prof Sabarinathan G
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