IIT Madras Launches ₹200 Crore Venture Capital Fund for Startups
In a major development that is set to boost the startup ecosystem in India, IIT Madras has launched a ₹200 crore venture capital fund to support innovative startups. The fund, which is backed by the institute’s alumni, will focus on investing in pre-Series A and Series A deep-tech, climate, AI, and mobility startups that have a strong research-driven approach.
The fund aims to bridge the gap between research and real-world applications, with a specific focus on startups that have originated from IIT Madras’s Research Park. The fund plans to invest in around 30-40 startups, providing them with the necessary capital and support to scale their innovative ideas.
The launch of the venture capital fund is a significant milestone for IIT Madras, which has a rich history of producing talented entrepreneurs and innovators. The fund is expected to play a crucial role in promoting entrepreneurship and innovation in the country, particularly in the areas of deep-tech, climate, AI, and mobility.
“We are excited to launch this venture capital fund, which is a significant step towards bridging the gap between research and industry,” said Dr. Bhaskar Ramamurthi, Director, IIT Madras. “Our goal is to support innovative startups that have the potential to create a significant impact in the world. We believe that this fund will not only create wealth but also contribute to the growth of the country.”
The fund is unique in its approach, with a focus on supporting startups that have a strong research-driven approach. The fund’s investment thesis is centered around identifying startups that have the potential to create a significant impact in their respective domains.
“We are looking for startups that have a strong research foundation and the potential to create a significant impact in the world,” said Dr. V. Gurusami, Associate Director, IIT Madras Research Park. “We believe that this fund will play a crucial role in supporting these startups, providing them with the necessary capital and support to scale their innovative ideas.”
The fund’s investment strategy is focused on identifying startups that have a strong competitive advantage, a clear market need, and a talented team. The fund will invest in startups across various sectors, including deep-tech, climate, AI, and mobility.
“We are excited to support startups that are working on innovative solutions that have the potential to create a significant impact in the world,” said Dr. Gurusami. “We believe that this fund will play a crucial role in promoting entrepreneurship and innovation in the country, particularly in the areas of deep-tech, climate, AI, and mobility.”
The launch of the venture capital fund is expected to have a significant impact on the startup ecosystem in India. The fund’s focus on supporting research-driven startups is expected to create a new wave of innovation and entrepreneurship in the country.
“We believe that this fund will play a crucial role in promoting entrepreneurship and innovation in the country,” said Dr. Ramamurthi. “We are excited to support startups that have the potential to create a significant impact in the world and contribute to the growth of the country.”
In conclusion, the launch of the ₹200 crore venture capital fund by IIT Madras is a significant milestone for the startup ecosystem in India. The fund’s focus on supporting research-driven startups is expected to create a new wave of innovation and entrepreneurship in the country. We believe that this fund will play a crucial role in promoting entrepreneurship and innovation in the country and contribute to the growth of the country.
