Bengaluru FSID targets 1,000 projects, 300 deep-tech start-ups by 2030

At an event on the IISc campus, the Foundation for Science, Innovation and Development (FSID) announced 2030 targets of 1,000 industry projects and a portfolio of 300 deep-tech start-ups.

FSID serves as IISc’s single-window interface for its deep-science and deep-tech capabilities. It said its plan includes incubation across domains and closer partnerships with multinational companies, Indian corporates and micro, small and medium enterprises.

Newly appointed CEO Omprakash Subbarao said FSID was strengthening its governance and leadership structure to respond more quickly to expectations from industry, government and other stakeholders. “Our ambition is to deepen engagement with multinational corporations, Indian corporates and Micro, Small, and Medium Enterprises,” he said.

FSID also unveiled a new governance model as it works towards becoming a self-sustaining Section 8 company. Suryasarthy Bose will serve as professor in-charge, providing institutional oversight and acting as the principal link between FSID and IISc.