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IIT Bombay’s SINE announced the first close of its Y-Point Venture Capital Fund, aimed at bridging the early-stage funding gap for deep-tech startups. Beyond capital, the fund offers mentorship, industry networks and access to venture capital.

Mumbai: The Society for Innovation and Entrepreneurship (SINE) at the Indian Institute of Technology Bombay (IIT Bombay) has achieved the first close of the Y-Point Venture Capital Fund, which it describes as India's first incubator-linked venture capital fund dedicated to deep-technology startups. Alongside the milestone, SINE also unveiled a new logo and brand identity, signalling its transition from a technology incubator to a broader innovation ecosystem supporting startups from research to commercialisation.

Fund Aims to Address Early-Stage Risk Capital Shortage for Deep-Tech Startups

According to IIT Bombay, the newly launched fund has been established to address a major challenge faced by deep-tech startups—the shortage of early-stage risk capital required for technologies that involve long development cycles and sustained investment. Beyond financial support, the fund aims to provide mentorship, industry connections and access to venture capital networks to help research-driven startups scale into globally competitive enterprises.

The institute said the launch marks an important milestone in SINE's evolution. Since its inception in 2004, SINE has supported more than 500 startups across sectors. With the Y-Point Venture Capital Fund, the incubator intends to extend its role beyond incubation by supporting entrepreneurs throughout the innovation lifecycle, from laboratory research and prototype development to commercialisation and business growth.