IIT Bombay Launches India’s First Deep Tech VC Fund Worth Rs.250 Crore
IIT Bombay has made a significant advancement in India’s innovation landscape with the introduction of the Y-Point Venture Capital Fund. This fund, established by the Society for Innovation and Entrepreneurship (SINE), marks the country’s first venture capital fund dedicated to deep tech startups. The announcement was made by Dr. K. Radhakrishnan, Chairperson of the Board of Governors at IIT Bombay, during an event attended by key officials from the institute.
A Landmark Fund for Early Stage Deep Tech Innovation
The Y-Point Venture Capital Fund boasts a total fund size of INR 250 crore. Its primary objective is to redefine the trajectory of deep tech startups in India. The fund aims to fill a crucial gap in the innovation ecosystem by providing risk capital at the earliest stages of a startup’s development.
Deep tech startups often focus on complex, research-driven technologies that require substantial investment, specialized technical mentorship, and extended periods for development. The Y-Point Fund is designed to support these ventures, helping them transition from innovative ideas to scalable, market-ready enterprises.
Experience and Expertise of SINE
For over two decades, SINE IIT Bombay has been instrumental in nurturing breakthrough ideas and facilitating their journey from the laboratory to the market. The organization has supported more than 500 startups and over 1,000 innovators, gaining valuable insights into the unique challenges faced by deep tech ventures. The launch of the Y-Point Fund is a direct response to these challenges, providing essential support to early-stage companies.
Investment Focus and Impact on India’s Startup Landscape
The Y-Point Venture Capital Fund will primarily invest in startups emerging from IIT Bombay and other prestigious research and academic institutions across India. The fund will target pre-seed and seed-stage investments, aiming to support approximately 25 to 30 startups with a maximum investment of INR 15 crore per company.
This initiative is expected to create an institutional funding pathway for deep tech ventures, thereby catalyzing private sector participation in India’s innovation ecosystem. Additionally, it signals a broader national effort to position India as a global hub for advanced technology development.
National Leadership Applauds the Initiative
Prof. Abhay Karandikar, Secretary of the Department of Science and Technology, Government of India, expressed his congratulations to IIT Bombay and commended SINE for its ongoing contributions to India’s research and innovation landscape. This recognition underscores the importance of the Y-Point Fund in fostering technological advancement in the country.
Conclusion
The launch of the Y-Point Venture Capital Fund by IIT Bombay represents a pivotal moment for India’s deep tech ecosystem. By providing essential funding and support to early-stage startups, the fund is poised to make a significant impact on the innovation landscape, ultimately contributing to the growth of advanced technology in India.
Note: The information provided in this article is based on the latest available data and announcements as of December 2025.
