Society for Innovation and Entrepreneurship (SINE) launches Y-Point Venture Capital Fund

Key facts

• SINE, IIT Bombay's umbrella organisation, launched India's first deep tech venture capital fund, Y-Point Venture Capital Fund, worth Rs 250 crore.
• The fund will invest in deep tech startups emerging from IIT Bombay and other premier academic and research institutes.
• It will invest in pre-seed and seed stages across 25-30 startups with a maximum ticket size of Rs 15 crore.
• The fund will strategically invest in companies building products backed by fundamental research, with a keen focus on high-impact sectors including Artificial Intelligence, Advanced Computing, Advanced Manufacturing, Advanced Materials, Nuclear Technology, Space and Defence Technology, Climate and CleanTech and Life Sciences and Healthcare.