In a major push to Bharat’s deeptech startup ecosystem, IIT Madras has partnered with Unicorn India Ventures to launch a ₹600 crore deeptech-focused venture capital fund, with an additional ₹400 crore greenshoe option.
The fund will back early-stage, IP-driven startups working in high-impact sectors such as robotics, space, defence, semiconductors, and medical technology.
Key Highlights
- Fund size: ₹600 crore (+ ₹400 crore greenshoe)
- Stage: Early-stage, technology-first startups
- Investments: 25+ startups
- Ticket size: ₹8–10 crore per startup
- Focus: Strong intellectual property and deep R&D
Why This Matters
Deeptech startups often struggle to raise capital due to long development cycles and high R&D costs. This fund aims to bridge that gap by supporting companies that are building core technologies, not just digital services.
The initiative aligns with Bharat’s priorities around self-reliance, advanced manufacturing, defence innovation, and healthcare technology, while also strengthening the link between academic research and commercialisation.
MSME Times View
This collaboration sets a strong precedent for institution-led venture funding in Bharat. By combining academic research strength with venture capital expertise, the fund could play a critical role in shaping the next generation of deeptech MSMEs and startups.
— MSME Times Exclusive
