Overview
- Y-Point is registered as a Category II Alternative Investment Fund with SEBI approval, positioning it as India’s first academia-linked deep-tech VC vehicle.
- The fund will back 25 to 30 companies at pre-seed and seed stages with cheques up to Rs 15 crore per startup.
- Focus areas include AI and advanced computing, advanced manufacturing and materials, nuclear, space and defence, climate and cleantech, and life sciences and healthcare.
- While anchored in IIT Bombay’s ecosystem, the mandate extends to startups from other premier academic and research institutions, combining capital with advisory and industry access.
- SINE says the fund expands its role from incubation to investment management and, citing strong interest, it expects to close fundraising in six to nine months.