VIT partners with venture capital firms to invest in student startups
VIT University has partnered with venture capital firms ThinKuvate and ValleyNXT to provide funding for student-led startups. The agreement involves a collective investment of ₹10 crore to support early-stage ventures in sectors like deep tech, fintech, and healthcare.
Why it matters
This initiative fosters entrepreneurship among students by bridging the gap between academic innovation and venture capital funding.
VIT has entered into a Memorandum of Understanding (MoU) with Singapore-based Thinkuvate and Indore-based ValleyNXT, both institutional early stage venture capital firms, to support and fund student led startups.
Under the agreement, the two firms will collectively invest up to ₹10 crore in early-stage home-grown startups founded by VIT students, with each contributing ₹5 crore.
“We will invest in two to three startups over the next 2-3 years, subject to due diligence. We will invest around ₹2 crore to ₹3 crore in each startup,” said Addison Appu, Managing Partner, ThinKuvate Ventures.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in