IITM Unicorn Frontier Fund I

IIT Madras deep-tech venture fund co-managed with Unicorn India Ventures

iitmunicornfrontier.com

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About

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.

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Program details

Program kind
other
Organizer
IIT Madras / Unicorn India Ventures
Applications
Unknown
Funding offer
Deep-tech venture capital; fund targeting ₹1,000 crore with ₹450 crore first close (Sep 2026)
Defense TechnologySpace TechnologySemiconductorsManufacturing AutomationAI InfrastructureHealth Tech