FIT is a Foundation for Technology Innovation gives financial assistance to creative and technological initiatives at various phases of development. By providing adequate financial aid, it fosters entrepreneurship, stimulates innovation, and strengthens the local economy. Since 2018, the FIT has supported initiatives in ICT, cleantech, life science, industrial, and digital at various phases of development. Since 1994, the FIT has awarded 47 grants to initiatives judged trustworthy, with the primary purpose of establishing a business. Furthermore, the rankings of the Top 100 of the best Swiss startups frequently show FIT-supported enterprises monopolizing the very top. They were 20 in 2019. The FIT awards support initiatives that are creative or technical in nature, as well as those that are linked to a university in the canton of Vaud.