IIT Bombay's SINE launches India's 1st Deep Tech VC Fund, Y-Point, ₹250 Cr

• IIT Bombay's SINE launched India's first incubator-linked deep tech VC Fund.
• The Y-Point Venture Capital Fund has a total size of Rs 250 crore.
• It aims to provide crucial early-stage risk capital to deep tech startups, accelerating their journey from lab to market.
• The fund will invest in 25-30 pre-seed and seed stage deep tech startups from IIT Bombay and other premier academic institutions, with a maximum ticket size of Rs 15 crore.
• Key investment sectors include AI, Advanced Computing, Manufacturing, Space/Defence, Climate/CleanTech, and Life Sciences/Healthcare.

Why It Matters: This fund provides crucial early capital for India's deep tech startups from academia.