TLDR:
- Bharat Innovation Fund (BIF) was established in 2018 to focus on Deep-Tech B2B, IP, and innovation-based startups in India.
- BIF differentiates itself by investing in deep-tech startups at pre-Series A and Series-A stages.
In an exclusive interview with CXOToday, Somshubhro Pal Choudhury, Co-Founder & Partner at BIF, shared insights into the mission and impact of the fund.
BIF considers several criteria when selecting startups to invest in, including market size, team credibility, scalability, and technological innovation. The fund focuses on three key sectors: Deep Science, Hardware Technologies, and AI & Software.
BIF’s portfolio includes startups like Entropik Technology, A5G Networks, and Cybersecurity AI, each making significant strides in their respective industries, such as Emotion AI and AI-driven network infrastructure solutions.
Beyond providing funding, BIF offers extensive support to its portfolio companies, assisting in governance, strategy, business scalability, and market access. The fund aims to foster innovation and entrepreneurship by providing resources and guidance to startups in India.
Through its strategic investments, mentorship, and networking opportunities, BIF plays a pivotal role in addressing the challenges faced by startups in India, particularly in accessing early-stage funding for deep-tech ventures.
Some success stories from BIF’s portfolio include Entropik Technologies, Detect Technologies, and FireCompass, which have seen substantial growth and recognition in their respective markets due to BIF’s support and guidance.
