Tech Startup News | Tech Scoop India
No Result
View All Result
Subscribe
Tech Startup News | Tech Scoop India
No Result
View All Result
Tech Startup News | Tech Scoop India
No Result
View All Result

IIT Madras Unveils Rs 200 Crore Fund for Startup Growth

TSI Desk by TSI Desk
July 9, 2025
in News
Reading Time: 3 mins read
0 0
0
IIT Madras Unveils Rs 200 Crore Fund for Startup Growth
Share

IIT Madras Launches Rs 200 Crore VC Fund for Early-Stage Startups

The Indian Institute of Technology Madras (IIT Madras) is setting the stage for a new wave of innovation with its announcement of a Rs 200 crore venture capital fund. This initiative, unveiled at the Sangam 2025 summit, aims to bolster early-stage startups, particularly in the deep tech sector.

Focus on Deep Tech Innovation

The “IITM Alumni Fund” is designed to support pre-Series A and Series A investments, prioritizing startups within the IIT Madras ecosystem. By focusing on deep tech, the fund aligns with global trends where technology-driven solutions are at the forefront of industry transformation. The fund will function as an independent entity, ensuring robust governance and due diligence.

Key Highlights from Sangam 2025

  • Participants: Over 500 attendees, including alumni, faculty, investors, and students, gathered at the summit.
  • Keynote Speakers: Aparna Chennapragada from Microsoft and Srinivas Narayanan from OpenAI shared insights into the future of AI and innovation.
  • Startup Pitchfest: Twenty deep-tech and AI startups showcased their innovations to more than 250 venture capitalists and angel investors.

Funding and Support Ecosystem

The fund will primarily draw from IIT Madras alumni and high-net-worth individuals. Prof. V. Kamakoti, Director of IIT Madras, emphasized the community’s role in nurturing strong startups, stating, “This is an opportunity for our community to back strong startups and grow together.”

Related Posts

OTTplay and Doers Company Partner for Global Expansion

OTTplay and Doers Company Partner for Global Expansion

July 9, 2025
CardioTech: Transforming Heart Health Globally from India

CardioTech: Transforming Heart Health Globally from India

July 9, 2025
Tech Giant Announces New Layoffs Impacting Global Teams

Tech Giant Announces New Layoffs Impacting Global Teams

July 3, 2025
WEH Ventures Completes Exit, Recovers Full 2017 Fund Capital

WEH Ventures Completes Exit, Recovers Full 2017 Fund Capital

July 3, 2025

IIT Madras’ Incubation Success

  • 500+ Startups Incubated: The institute has incubated over 500 startups, valued at more than Rs 50,000 crore (approximately $6 billion).
  • Specialized Programs: Initiatives like the Pravartak Technologies Foundation and the Centre of Excellence in Sports Science and Analytics offer capital, advisory services, and physical infrastructure.

Government Support for Deep Tech

India’s government is actively fostering a deep-tech ecosystem. During the summit, Piyush Goyal, Minister of Commerce and Industry, reiterated the government’s commitment by announcing a second Rs 10,000 crore tranche for deep-tech innovation. This is part of a broader strategy to allocate $12 billion to the Department of Science and Technology, providing flexible capital for emerging technologies.

The Role of Alumni and Community

Prof. Ashwin Mahalingam, Dean of Alumni and Corporate Relations, highlighted the fund’s potential impact: “This fund—driven by alumni and designed for high-impact startups—is the kind of focused support that can help us scale these innovations into global ventures.”

Why Deep Tech?

Deep tech, characterized by significant scientific advances, is reshaping industries. From AI to biotechnology, these innovations promise to solve complex problems. By investing in deep tech, IIT Madras positions itself as a leader in nurturing groundbreaking solutions.

The Bigger Picture

IIT Madras’ venture capital fund is more than just financial support. It represents a strategic effort to create a sustainable ecosystem where innovation thrives. With a focus on deep tech, the institute is setting a precedent for other educational institutions globally.

What Does This Mean for You?

If you’re an aspiring entrepreneur or investor, this initiative signals a robust support system for deep-tech ventures. The combination of financial backing, expert guidance, and government support creates a fertile ground for innovation.

Conclusion

IIT Madras is not just supporting startups; it’s building a future where technology and innovation lead the way. The Rs 200 crore VC fund is a testament to the institute’s commitment to fostering an entrepreneurial revolution. As deep tech continues to evolve, IIT Madras is poised to be at the forefront, driving change and creating opportunities for the next generation of innovators.

For more information on IIT Madras and its initiatives, visit IIT Madras.

Thought-Provoking Question

Are educational institutions the new breeding grounds for technological innovation? How can other universities replicate IIT Madras’ success in nurturing startups?

Tags: LatestNews
Tweet
TSI Desk

TSI Desk

The TSI News Desk is the heart of Tech Scoop India, a dedicated team of tech-savvy writers, editors, and analysts passionate about delivering the latest and most impactful technology news. Committed to curating accurate, timely, and insightful content, the TSI News Desk ensures that readers stay ahead of trends in the ever-evolving tech landscape. From breaking stories on Indian startups to in-depth reviews of cutting-edge software by Indian companies, the team prides itself on its journalistic integrity and expertise. TSI News Desk is where technology meets trust.

Related Posts

OTTplay and Doers Company Partner for Global Expansion
News

OTTplay and Doers Company Partner for Global Expansion

July 9, 2025

HT Labs and The Doers Company Partner to Expand OTTplay Globally HT Labs, the...

CardioTech: Transforming Heart Health Globally from India
News

CardioTech: Transforming Heart Health Globally from India

July 9, 2025

Monitra Health: Transforming Cardiac Care from India to the World Monitra Health is redefining...

Tech Giant Announces New Layoffs Impacting Global Teams
News

Tech Giant Announces New Layoffs Impacting Global Teams

July 3, 2025

Microsoft's Strategic Layoffs: A Shift Towards Agility and AI Focus Microsoft has initiated another...

WEH Ventures Completes Exit, Recovers Full 2017 Fund Capital
News

WEH Ventures Completes Exit, Recovers Full 2017 Fund Capital

July 3, 2025

WEH Ventures’ Strategic Exit from Smallcase: A Significant Milestone WEH Ventures, a seed-stage venture...

  • Trending
  • Comments
  • Latest
Top 10 AI Startups in India

Top 10 AI Startups in India

November 17, 2024
Ecom Express Appoints Kammal Daas as VP of Last-Mile Delivery

Ecom Express Appoints Kammal Daas as VP of Last-Mile Delivery

January 3, 2025
TechWave AI Secures .5M in Initial Funding Round

TechWave AI Secures $1.5M in Initial Funding Round

June 17, 2025
LeadSquared CRM Review

LeadSquared CRM Review

November 16, 2024
Top 10 AI Startups in India

Top 10 AI Startups in India

1
Zomato Share Price Target for 2024 and 2030: What’s the Prediction?

Zomato Share Price Target for 2024 and 2030: What’s the Prediction?

1
India’s Deep Tech Ventures: Growth, Funding, and Challenges Ahead

India’s Deep Tech Ventures: Growth, Funding, and Challenges Ahead

1
TAC Security Expands to UK with New Subsidiary, VULMAN Ltd

TAC Security Expands to UK with New Subsidiary, VULMAN Ltd

1
OTTplay and Doers Company Partner for Global Expansion

OTTplay and Doers Company Partner for Global Expansion

July 9, 2025
CardioTech: Transforming Heart Health Globally from India

CardioTech: Transforming Heart Health Globally from India

July 9, 2025
IIT Madras Unveils Rs 200 Crore Fund for Startup Growth

IIT Madras Unveils Rs 200 Crore Fund for Startup Growth

July 9, 2025
Tech Giant Announces New Layoffs Impacting Global Teams

Tech Giant Announces New Layoffs Impacting Global Teams

July 3, 2025
Tech Scoop India

© 2025 Tech Scoop India

Navigate Site

  • Advertise with Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result

© 2025 Tech Scoop India