Overview
- The IITM Unicorn Frontier Fund I debuts with a ₹600 crore corpus and a ₹400 crore greenshoe option.
- Managed by Unicorn India Ventures, the fund targets robotics, space, defence, semiconductors and medtech with an IP-first focus.
- It plans to back more than 25 companies with average first cheques of ₹8–10 crore and a 10+2 year tenure.
- The strategy prioritizes TRL 3–4 startups, allocating 60% for initial bets and 40% for follow-ons to help companies cross the “Valley of Death.”
- Fundraising will tap IITM alumni and global LPs, leveraging IIT Madras Research Park’s pipeline of 480+ incubated deeptech startups, including Ather Energy and Uniphore.