IIT Madras Research Park kicks off plans for a ₹500-crore VC fund
IIT Madras Research Park plans a ₹500-crore VC fund, with a 25% greenshoe option, to support deeptech start-ups in sectors like semiconductors, quantum tech, medtech, and battery chemistry. Targeting $0.5–1 million cheque sizes, the fund aims to ease Series A funding bottlenecks. An accelerator will also mentor high-potential start-ups, boosting India’s innovation and self-reliance.