IIT Madras deep-tech venture fund co-managed with Unicorn India Ventures
IITM Unicorn Frontier Fund I is a deep-tech venture fund co-managed by IIT Madras, IIT Madras Research Park, and Unicorn India Ventures. In September 2026 it announced a ₹450 crore first close toward a ₹1,000 crore target and disclosed early deployments totaling about ₹55 crore across Hathor Rockets, Quanastra, Triolt Energy, and Carbelim. Focus areas publicly cited include defense, space, semiconductors, manufacturing automation, AI infrastructure, and health tech.