<ul data-eligibleForWebStory="false"><li>IIT Madras plans to launch an INR 200 Cr venture capital fund to support early-stage startups, focusing on deeptech ventures incubated at the institute seeking pre-Series A and Series A investments.</li><li>The 'IITM Alumni Fund' will operate as an independent legal entity and is set to receive funding primarily from IIT Madras alumni and high-net-worth individuals.</li><li>IIT Madras, home to successful alumni ventures like Ather Energy and Uniphore, aims to raise funding to back promising startups and nurture the growth of new unicorns.</li><li>With over 500 startups incubated and valued at over INR 50,000 Cr, IIT Madras also provides support through its Incubation Cell, offering funding, advisory services, workspaces, and connections to startups in various sectors.</li></ul>

IIT Madras To Launch INR 200 Cr Alumni-Backed Early Stage Startup Fund

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