What is the Y-Point Venture Capital Fund launched by IIT Bombay?

It is India's first venture capital fund linked to an academia-affiliated technology incubator, aiming to support early-stage deep tech startups with Rs 250 crore.

Which sectors will the IIT Bombay deep tech fund support?

The fund is expected to support companies in robotics, material sciences, advanced engineering, AI, space technologies, and biotechnology.

How does IIT Bombay's Y-Point Fund differ from traditional incubators?

Unlike traditional incubators, this fund provides direct capital infusion and strategic guidance, enabling startups to transition from lab concepts to scalable enterprises.

Home / Technology / IIT Bombay Launches India's 1st Deep Tech VC Fund

IIT Bombay Launches India's 1st Deep Tech VC Fund

9 Dec

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Summary

IIT Bombay launched India's first incubator-linked deep tech VC fund.
The Y-Point Venture Capital Fund totals Rs 250 crore for early-stage startups.
The fund aims to bridge the early funding gap for science-led innovations.

IIT Bombay Launches India's 1st Deep Tech VC Fund

IIT Bombay has pioneered India's first venture capital fund directly linked to an academia-affiliated technology incubator. The newly announced Y-Point Venture Capital Fund, valued at Rs 250 crore, is poised to significantly bolster early-stage deep tech startups, marking a pivotal moment for the nation's innovation landscape. This fund's establishment is a major expansion for the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay, moving beyond incubation and mentorship to direct capital infusion.

The primary objective of the Y-Point Venture Capital Fund is to tackle the persistent challenge of early funding for deep tech ventures. These science-led innovations often require substantial research, specialized infrastructure, and patient investment before market viability. By injecting much-needed risk capital, the fund will empower startups in critical growth phases, supporting breakthroughs in areas such as robotics, material sciences, AI, space technologies, and biotechnology.