IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) has launched India’s first incubator-linked deep tech venture capital fund. Named the Y-Point Venture Capital Fund, it has a total corpus of ₹250 crore and aims to provide early-stage risk capital to India’s deep tech startups. The fund will invest in pre-seed and seed-stage companies emerging from IIT Bombay as well as other leading research institutions.
The fund plans to support around 25 to 30 startups, with individual investments of up to ₹15 crore. It will focus on high-impact sectors including artificial intelligence, advanced computing, manufacturing, materials, space and defence technology, nuclear technology, climate tech, and healthcare.
