From IISc building a deeptech ecosystem to startups partnering to build pan-India EV infrastructure, YourStory brings you the latest news and updates from India’s tech and enterprise world. Featured storiesHow IISc’s FSID is building a vibrant deeptech ecosystem in India The Foundation for Science Innovation and Development (FSID) at IISc, formally incorporated in 2020, nurtures deeptech startups through comprehensive support. FSID receives 400 annual applications, selecting 20 startups (45% non-IISc background). It provides laboratory space, mentorship, and funding. Director Prof Balan Gurumoorthy said, “It is always about taking the know-how developed on the campus (IISc) to the outside world.” FSID targets 25-30 startups annually going forward.Read here. Funding news W Health Ventures raises Rs 550 Cr to back healthtech startups W Health Ventures has completed the first close of its second fund at Rs 550 crore, targeting a final corpus of Rs 630 crore. The healthcare-focused venture firm plans to incubate eight to 10 companies over four years, investing Rs 30–50 crore per venture. Managing Partner Dr Pankaj Jethwani said they “work with founders, clinicians, operators, and strategic partners to co-found companies from inception.” The first fund has backed companies including Nivaan, BeatO, and Wysa. Fund II has launched Everhope Oncology with Narayana Health and is developing a… Read MoreYourStory RSS Feed
