Roorkee, June 22 :The Indian Institute of Technology Roorkee , in collaboration with IvyCap Ventures & NuQuant, has announced the launch of a Super Endowment Fund with a target corpus of approximately INR 1,000 crore. As part of the Bharat Innovates initiative, Super Endowment Fund 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.
During Bharat Innovates 2026, an initiative of the Government of India, implemented by the Ministry of Education, at Nice, France, India is extending an invitation to leading global universities, research organizations, innovators, investors, philanthropists, and industry leaders to collaborate in the domains of Climate Technologies, Energy Systems, Semiconductors, Advanced Manufacturing, Critical Minerals, Healthcare, and other strategic DeepTech sectors, and to participate in the Fund and its associated innovation activities. The initiative aims to create a globally connected innovation platform that accelerates research translation, fosters cross-border partnerships, and enables the development of technologies with global impact.
Building upon IIT Roorkee’s distinguished 175-year legacy of academic excellence and innovation, the initiative seeks to create a transformative platform that mobilizes alumni, philanthropic, corporate, and institutional contributions towards advancing India’s knowledge economy. The Fund is expected to catalyze high-impact research and innovation in strategic sectors including artificial intelligence, semiconductors, critical minerals, quantum computing, clean energy, climate resilience, healthcare, advanced manufacturing, circular economy and agritech.
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. Through this initiative, IIT Roorkee aspires to contribute significantly to India’s vision of becoming a global leader in innovation, deep-tech entrepreneurship, and innovation-driven economic growth.
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. Through this endowment model, IvyCap is enabling India’s premier institutions to generate world-class intellectual property from their own campuses – advancing India’s journey to becoming the IP capital of the world.
“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.”
Commenting on this, Kislay Kanth, Founder, NuQuant, said,
“India has the potential to emerge as a global leader in DeepTech innovation. Through this collaboration, we aim 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.”
IIT Roorkee and IvyCap Ventures invite 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.