IIT Bombay Launches India’s First Rs 250-Crore Deep Tech Fund

India has taken a significant step in strengthening its deep tech innovation ecosystem with IIT Bombay unveiling the country’s first academia-linked deep tech venture capital fund. The Rs 250-crore initiative aims to accelerate the transition of high-end research into scalable commercial ventures.

Launch of the Y-Point Venture Capital Fund

The Society for Innovation and Entrepreneurship (SINE) at IIT Bombay has introduced the Y-Point Venture Capital Fund, the first deep tech VC fund managed by an incubator in India. It is designed to offer early-stage financial support and strategic guidance to startups working on breakthrough technologies.

Focus Sectors and Strategic Intent

The fund targets emerging fields such as Artificial Intelligence, Advanced Computing, Advanced Manufacturing, Advanced Materials, Nuclear Technology, Space and Defence, Climate and CleanTech, and Life Sciences. The objective is to create globally competitive ventures by leveraging IIT Bombay’s research strengths and talent pool.

Strategy Plan 2026–2030

IIT Bombay’s newly approved Strategy Plan places strong emphasis on learning-centric education and innovation-led growth. It aims to expand experiential learning, strengthen international academic pathways, and enhance digital education offerings through online degrees and certificate programmes.

Exam Oriented Facts

• The Y-Point Venture Capital Fund is India’s first incubator-linked deep tech VC fund.
• The fund size is Rs 250 crore and will support early-stage deep tech startups.
• SINE at IIT Bombay manages the fund, integrating research and entrepreneurship.
• Core focus sectors include AI, clean tech, advanced materials, space and defence.

Role in India’s Deep Tech Ecosystem

The initiative positions IIT Bombay as a leading national hub for deep tech commercialisation. By backing startups from concept to market adoption, the fund is set to strengthen India’s technology capabilities and foster high-impact innovation across critical sectors.