India, Dec. 10 -- The Society for Innovation and Entrepreneurship at IIT Bombay (SINE) on Monday launched India's first deep-tech venture capital fund managed by an academia-linked incubator. The Y-Point Venture Capital Fund, with a total size of Rs.250 crore, aims to transform the country's deep-tech landscape by providing early-stage risk capital to startups built on advanced research.

Over the last two decades, SINE has supported more than 500 startups and 1,000 innovators. The new fund is designed to help deep-tech companies overcome challenges such as long development cycles, high capital requirements and limited access to specialised mentorship. Deep tech, a term that has emerged in the last few years, is part of the innovative sol...