Faculty members from IIT Bombay undertake industry-sponsored research and consultancy projects that are made available through the institute. These are funded by various national agencies like the Department of Science and Technology, Department of Electronics, Department of Space, Aeronautical Development Agency, Department of Atomic Energy, and Oil and Natural Gas Commission (ONGC). Many are also working on projects of national importance. A few projects are also being funded by international agencies. Typically in one year, there are about 400 on-going sponsored projects. The sponsored research has ushered in intense research activity leading to the formation of active research groups and has helped in the creation of modern research facilities in key areas.