India, Dec. 10 -- IIT Bombay's startup incubator Society for Innovation and Entrepreneurship (SINE) has unveiled India's first incubator-linked VC fund, Y-Point Venture Capital Fund, with a target corpus of INR 250 Cr (about $28 Mn).

Under this fund, SINE is aiming to back 25-30 early stage deeptech startups with ticket size of up to INR 15 Cr. The fund will be focusing on sectors including AI, advanced computing, advanced manufacturing, advanced materials, nuclear technology, spacetech, defencetech, cleantech, life sciences and healthcare.

SINE CEO Shaji Varghese said that it has already begun preliminary evaluations and will be closing 2-3 investment deals soon.

"Having supported over 500 startups, 1000 innovators, SINE understands t...