Promotion of progressive indigenization of technologies for capital goods, by engaging local industry, as an active partner in innovation and development of new products, in partnership with premier institutions, in the forefront of industrial innovations, through creation of Industry Accelerators.
FSID is a Section 8 Company under the Companies Act, 2013 established by the Indian Institute of Science, Bangalore in August 2020 to collaborate with industries 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.