Overview
- SINE will manage the Y-Point Venture Capital Fund, marking its move from incubation and mentorship to direct investment management.
- The fund plans to back 25–30 companies with individual investments of up to Rs 15 crore.
- Initial focus spans AI, advanced computing, advanced manufacturing, advanced materials, space and defence, nuclear technology, climate and cleantech, and life sciences and healthcare.
- While rooted in IIT Bombay’s research ecosystem, the fund will also invest in ventures from other premier academic and research institutions.
- Announced in Mumbai on December 9, the fund has disclosed its structure and mandate but has not named first investments yet.