Fundoo Dimag aims to promote innovation in India by creating an ecosystem where academia and industry can exchange ideas, solutions, and research. They provide a platform for industry volunteers to mentor academia and for companies, governments, and organizations to submit challenges for Indian universities to address. This helps companies innovate, academia gain industry experience, and supports India's position as a global innovation leader. Fundoo Dimag's model connects the top 1000 Indian universities with sponsors from industry and government to fund rewards, research, and startup support for the most promising ideas and solutions.