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IIT Madras Revolutionizes Startup Ecosystem with ₹600 Crore Fund for Deeptech, ETEntrepreneur
IIT-Madras·University
AI Summary
IIT Madras has launched a ₹600 crore fund for deeptech startups in partnership with Unicorn India Ventures. The fund aims to bridge the gap in funding for deeptech startups in India. The institution floated a request for proposals and evaluated potential partners before selecting Unicorn India Ventures to jointly launch the fund.
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Title: IIT Madras Revolutionizes Startup Ecosystem with ₹600 Crore Fund for Deeptech, ETEntrepreneur
Description: That gap is one of the key reasons the Frontier Fund was created. Rather than building an in-house venture capital operation, IIT-Madras chose a different approach. The institution floated a request for proposals and evaluated potential partners before selecting Unicorn India Ventures to jointly launch the fund.
Source: https://entrepreneur.economictimes.indiatimes.com/news/long-reads/iit-madras-revolutionizes-startup-ecosystem-with-600-crore-fund-for-deeptech/131499453
Organization: Entrepreneur Economictimes Indiatimes