Centre for Research in Nanotechnology & Science (CRNTS), IIT Bombay works closely with industry and alumni to strengthen the Nanotechnology infrastructure at IIT Bombay and help commercialize some of the technologies developed at IIT Bombay. Currently, over 45 faculty members from 9 different departments/schools are working together in the broad areas of Nanotechnology, with support from various government agencies are private industries.

The main objectives of CRNTS can be summarized as below:
  Strengthen the Nanotechnology infrastructure and research activities at IIT Bombay with state of the art facilities for Nanotechnology research.
  Identify potential industry partners for commercialization of Nanotechnology research.
  Facilitate construction of a 80,000 sq.ft Nanotechnology building with all the required amenities to house the Nanotechnology centre facilities.
  Create technically sophisticated manpower for Nanotechnology research, engineering and manufacturing by:
Enabling a large number of doctoral students to conduct their research work in the Nanotechnology centre.
Creating a suite of courses for graduate level teaching of nanotechnology, and admitting masters and doctoral students to this programme one that would have a strong experimental research component.
Setting up an inter-university cooperative programme in which graduate students and leading researchers from other universities can come and take courses & do their research projects in the facility created.
Running summer courses in nanotechnology for university teachers and industry professionals.
Network with other agencies, institutions, national labs and industry working in the area of nanotechnology.