(l-r): Shireesh Kedare, director of IIT Bombay, and K Radhakrishnan, chair of the board of governors. Credit: SINE.
The Indian Institute of Technology (IIT) Bombay’s incubator, the Society for Innovation and Entrepreneurship (SINE), has launched a ₹2.5 billion venture capital fund aimed at early-stage deeptech spinouts.
The Y Point Venture Capital Fund will focus on preseed and seed-stage companies spun off from IIT Bombay, although it will be able to also invest in startups originating from other universities and research institutes.
Although billed by IIT Bombay as the first fund
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