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IIT Madras’s Sangam Summit Crowns Deeptech Champions as Government Doubles Startup Fund

The event showcased partnerships across AI, biotech and defense sectors as IIT Madras accelerates research commercialization under its Viksit Bharat 2047 roadmap.

IIT Madras director addressing Sangam 2025 in Chennai on 4 July, 2025 | Ananthapathmanabhan | ThePrint
Piyush Goyal | By Special Arrangement | ThePrint

Overview

  • Folium Sensing won the Rs 3 lakh top prize for its fibre-optic sensing technology that detects structural weaknesses in real time.
  • Q-axis Motors claimed the Rs 2 lakh second prize with India’s first military-grade precision gimbal for stable surveillance imagery.
  • Zentor Medtech secured the Rs 1 lakh third prize for its solid-state laser system designed to make ophthalmic surgery safer and more accessible.
  • Union Minister Piyush Goyal announced an additional Rs 10,000 crore tranche for the Fund of Funds for Startups, doubling government support for venture capital and alternative investment funds.
  • IIT Madras Director Kamakoti Veezhinathan affirmed the institute’s focus on deeptech innovation and entrepreneurship as a pillar of its Viksit Bharat 2047 vision.