CHENNAI: IIT Madras Research Park (IITMRP) is organising a enterprise capital fund to again early-stage deep-tech startups, in keeping with a senior government. The analysis park is within the strategy of appointing a fund supervisor and is focusing on a corpus of ₹500 crore for its first fund, with a 25% green-shoe possibility.Natarajan Malupillai, Group CEO of IITMRP, mentioned the fund will deal with the funding gaps and bottlenecks confronted by startups in seed, pre-Series A, and Series A phases. “The goal is to provide startups with enough runway to build deep-tech products and offer catalytic capital to help them attract commercial funding,” he mentioned.The common ticket dimension will vary between ₹4 crore and ₹5 crore. While it’ll primarily assist startups incubated at IITMRP, the fund can even again deep-tech startups throughout the nation that align with nationwide themes. The first shut is predicted by March 2026, following SEBI approval.“There is significant interest from IIT-M alumni, including global alumni, who want to support and be part of the Indian startup story. Having limited partners who understand both technology and markets is an added advantage,” Malupillai mentioned. “We already have substantial visibility in terms of soft commitments from alumni, sponsors, and the research park itself. We want to create a multiplier effect, with the fund focusing on three to four dominant themes that build on IIT Madras’ existing strengths,” he added.Noting that deep-tech companies require longer gestation durations, he mentioned the fund may have a regular tenure of 10 years, with two non-compulsory one-year extensions (a ten+1+1 mannequin). The analysis park can be in discussions with officers from the Anusandhan National Research Foundation (ANRF) — which goals to advertise R&D — and the Department of Science and Technology’s Research, Development and Innovation (RDI) scheme, which has a complete outlay of ₹1 lakh crore to advertise personal sector R&D.The fund is meant to enhance the preliminary seed funding supplied by the IITM Incubation Cell (IITMIC). The analysis park homes a number of deep-tech incubators, together with IITMIC, together with analysis centres that collaborate with trade. It has supported a number of profitable startups akin to Ather Energy and Uniphore.