By Tanmay Sharma
Photo Credit: The Suncity News
Roorkee, June 22, 2026: The Indian Institute of Technology Roorkee (IIT Roorkee), in collaboration with IvyCap Ventures and NuQuant, has announced the launch of a Super Endowment Fund with a proposed corpus of approximately Rs 1,000 crore.
The initiative aims to create a long-term and self-sustaining source of funding to strengthen India’s innovation and deep-tech ecosystem.
The fund has been launched under the Bharat Innovates initiative and is designed to support research excellence, technology commercialization, entrepreneurship, and startup development across the IIT ecosystem.
IIT Roorkee and its collaborative partners are focusing on deep-tech and research:
The Super Endowment Fund seeks to provide sustained financial support for artificial intelligence, semiconductors, quantum computing, critical minerals, clean energy, climate technologies, healthcare innovation, advanced manufacturing, circular economy, agritech, and climate resilience.
The initiative aims to bridge the gap between research laboratories and market-ready technologies by supporting intellectual property creation, startup incubation, and commercialization.
During Bharat Innovates 2026, held in Nice, France, India invited global universities, research institutions, investors, philanthropists, industry leaders, and innovation organizations to collaborate in strategic sectors.
The initiative seeks to create a globally connected innovation platform that accelerates research translation, encourages international partnerships, promotes technology commercialization, and supports globally impactful innovations.
Building on IIT Roorkee’s legacy:
With its 175-year academic and research legacy, IIT Roorkee aims to leverage alumni networks, industry partnerships, philanthropy, and institutional investments to strengthen India’s knowledge economy.
The proposed endowment model is expected to support breakthrough research, encourage startup creation, generate intellectual property, strengthen academia-industry collaboration, and create long-term societal impact.
The endowment will be managed by IvyCap Ventures, which has pioneered institution-linked investment and endowment models in India.
Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, said the initiative builds upon the experience of India’s first institutional endowment fund establishment at IIT Delhi.
He emphasized that alumni wealth and institutional success should be reinvested to support future generations of researchers and entrepreneurs.
IIT Roorkee director highlights long-term vision:
Prof. K.K. Pant, Director of IIT Roorkee, described the Super Endowment as a long-term engine for Indian innovation.
According to him, the fund will work continuously to transform ideas emerging from the campus into startups, entrepreneurs, and globally relevant intellectual property. He noted that the collaboration of alumni, industry, philanthropic organizations, and global partners can create lasting benefits for future generations.
Strengthening India’s deep-tech ecosystem:
Kislay Kanth, Founder of NuQuant, said that India possesses significant potential to become a global leader in deep-tech innovation.
He stated that the collaboration aims to strengthen the relationship between research, entrepreneurship, and global capital, enabling breakthrough technologies to scale internationally.
The Super Endowment Fund aligns with India’s broader goals of promoting innovation-driven economic growth, building a strong deep-tech ecosystem, encouraging research commercialization, supporting startups and entrepreneurs, enhancing global competitiveness, and establishing India as a leader in intellectual property and advanced technologies.
Through this initiative, IIT Roorkee, IvyCap Ventures, and NuQuant aim to create a sustainable and globally connected innovation ecosystem that can support India’s long-term technological and economic ambitions.
Also Read: IIT Roorkee announced 100 percent placement in MNCs in Data Science and Artificial Intelligence.
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