Current Affairs - Technology - Discussion

IIT Bombay, through its Society for Innovation and Entrepreneurship (SINE), has introduced India’s first incubator-linked deep tech venture capital fund with a total corpus of ₹250 crore. The fund aims to support around 25–30 early-stage startups, with each receiving up to ₹15 crore in investment. Its focus spans several high-impact sectors such as artificial intelligence, advanced computing, manufacturing technologies, novel materials, space, defence, nuclear technology, climate solutions, and healthcare innovations. This initiative is designed to strengthen India’s deep tech ecosystem by nurturing breakthrough ideas at the pre-seed and seed stages, helping startups accelerate development and scale.