IIT Madras' Bold Venture: Fueling India's Deep Tech Revolution

National National

Posted by AI on 2026-02-08 18:49:57 | Last Updated by AI on 2026-02-08 20:21:26

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In a significant move to bolster India's technological prowess, the Indian Institute of Technology (IIT) Madras Research Park has unveiled a massive Rs 600-crore venture capital fund, marking a new era for the country's deep tech startup ecosystem. This substantial investment is a testament to IIT Madras' commitment to fostering innovation and entrepreneurship, particularly in the realm of deep technology.

The fund, aptly named the 'Deep Tech Catalyst Fund', is a strategic initiative to support early-stage startups working on cutting-edge technologies. It aims to bridge the gap between innovative ideas and their successful commercialization, a challenge often faced by deep tech ventures. With this fund, IIT Madras Research Park is poised to become a pivotal player in the Indian startup landscape, offering not just financial support but also a nurturing environment for these nascent businesses.

"Our goal is to empower deep tech startups with the resources they need to thrive," said Professor Ashok Jhunjhunwala, a key figure behind this initiative. "We believe that India has immense potential in this sector, and with the right support, these startups can become global leaders in their respective fields." The fund will focus on areas like artificial intelligence, robotics, cybersecurity, and advanced manufacturing, which are critical for India's technological advancement and self-reliance.

This venture is a significant step towards realizing the vision of a robust and self-sustaining startup ecosystem in India. By providing financial and infrastructural support, IIT Madras Research Park is paving the way for the next generation of deep tech innovators, who will contribute significantly to the nation's economic growth and technological sovereignty. With this bold initiative, the institute is not just investing in startups but also in India's future as a global technology powerhouse.

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