Venture Center

IIT Madras Unicorn Frontier Fund I ( Seed fund)

Organization
IIT Madras, Unicorn Ventures (IIT Madras Research Park)
Fund type
Equity | Preference | Debentures
Source
Non-Government
Status
Active
Focus area
Biotech, Medtech, Health & rehabilitation | Cleantech, energy, environment, waste, sanitation | Automation, mobility | Hardware, software, IOT, data, AI, ML | Industrial Products | Material Tech, textiles | Space and Aviation | Other sectors
Target
Private Limited Company
Fund range
Rs. 2 cr- Rs. 10 cr
Fund stages
A. Technology Development | D. Technology Scale-up/ Validation / De-risking

Involvement of IIT Alumni as LP in the fund. Patient capital for deep tech startups supporting companies from TRL 3-4, particularly from IIT Madras ecosystem.

Purpose

Catalyzed by IIT Madras Research Park (IITMRP) in partnership with Unicorn India Ventures, the fund will back IP-led, engineering-heavy startups across strategic sectors including Robotics, SpaceTech, DefenceTech, Semiconductors, MedTech, Quantum and more - aligned with national priorities.