IIT Roorkee, IvyCap Venture, and NuQuant to launch ₹1,000 crore super endowment fund to support deep-tech startups
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The Indian Institute of Technology Roorkee (IIT Roorkee) has joined hands with IvyCap Ventures and NuQuant to launch a Super Endowment Fund with a target corpus of approximately Rs 1,000 crore.
Super Endowment Fund, part of the Bharat Innovates initiative, has been envisioned as a perpetual and self-sustaining source of capital to strengthen India’s innovation ecosystem by creating long-term and sustainable support for deep-tech startups. The Fund aims to support research excellence, innovation, entrepreneurship, and technology translation across IIT Network.
“The Super Endowment is the most exciting chapter yet in a journey we began with India’s first endowment fund at IIT Delhi,” said Vikram Gupta, Founder & Managing Partner, IvyCap Ventures. “What drives me is a simple conviction - that the wealth created by our institutions’ alumni must flow back to power the next generation of researchers and entrepreneurs. This fund makes that cycle of giving perpetual, and I believe it will redefine how India funds innovation.”
“This is more than a fund - it is a compounding engine for Indian innovation,” said Prof. K.K. Pant, Director, IIT Roorkee. “Every rupee will work in perpetuity to turn ideas born on this campus into entrepreneurs and IP that the world builds upon. By bringing together the collective strength of alumni, industry, philanthropic organizations, and global partners, we aim to create enduring impact and empower future generations of researchers, innovators, and entrepreneurs.”
Kislay Kanth, Founder, NuQuant, said that the collaboration aims to strengthen the connection between research, entrepreneurship, and global capital, enabling breakthrough technologies to scale and create meaningful impact. “The Super Endowment Fund represents a powerful model for fostering long-term innovation and international collaboration.”
The proposed endowment model aims to strengthen linkages between academia, industry, investors, and alumni networks, enabling sustained support for breakthrough technologies, startup creation, intellectual property generation, and societal impact. The endowment will be managed by IvyCap Ventures, pioneer of India’s endowment ecosystem known for pioneering institution-linked investment and endowment models in India.
IIT Roorkee and IvyCap Ventures have invited alumni, corporate leaders, philanthropists, institutional investors, global universities, and strategic partners to join this initiative and contribute towards building a sustainable, globally connected, and innovation-driven future for India.