1 month ago
VIT Secures Rs 10 Crore for Student Startups
Vellore Institute of Technology (VIT) has made a big deal with two companies, Thinkuvate from Singapore and ValleyNXT from Indore.
They will give Rs 10 crore to help students start their own businesses.
Thinkuvate likes tech and health startups, while ValleyNXT likes startups that help with big problems like healthcare and education.
Important people from VIT and these companies signed the agreement.
This will help VIT students get money and support to start their own companies.
VIT signed MoUs with Thinkuvate and ValleyNXT to fund student startups.
Total investment of Rs 10 crore, with each firm contributing Rs 5 crore.
Thinkuvate focuses on deep-tech, fintech, and health-tech investments.
ValleyNXT supports ventures addressing healthcare, education, climate, employment, and livelihoods.
The MoU was signed by Addison Appu, Harshwardhan Saklecha, and Dr. Sekar Viswanathan.
- Who
- Vellore Institute of Technology (VIT), Thinkuvate, ValleyNXT
- What
- Signed MoUs to support and fund student-led startups
- Where
- Hyderabad and Chennai
- When
- Not specified
- Why
- To support and fund early-stage startups founded by VIT students
Thinkuvate
ValleyNXT
Investment Focus
Thinkuvate
Focuses on deep-tech, fintech, and health-tech investments.
ValleyNXT
Supports innovative ventures addressing healthcare, education, climate, employment, and livelihoods.
Key facts
- Total Investment
- Rs 10 crore
- Investment per Firm
- Rs 5 crore each
- Thinkuvate Focus Areas
- Deep-tech, fintech, health-tech
- ValleyNXT Focus Areas
- Healthcare, education, climate, employment, livelihoods
- Signatories
- Addison Appu, Harshwardhan Saklecha, Dr. Sekar Viswanathan
- Attendees
- Dr. V.S. Kanchana Baskaran, Dr. Parthasarathy Mallick, senior faculty, innovation leaders, university officials
Sources
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