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Society for Innovation and Entrepreneurship
Society for Innovation and Entrepreneurship is a private equity based in Mumbai, founded 2004; the Altss profile covers its classification, headquarters,...
Society for Innovation and Entrepreneurship
SINE at IIT Bombay supports tech startups with incubation, mentorship, funding, and resources to turn innovative ideas into successful ventures.
General information
Firm type
Private Equity
Year founded
2004
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, India
Frequently asked questions
Who runs investment decisions at SINE?
SINE does not structure itself as a traditional fund with a CIO. Decisions around seed support and incubation admission are made by an internal committee drawn from IIT Bombay faculty and the incubator's management, whose names are not publicly disclosed on the website.
How does SINE source its startup pipeline?
SINE sources exclusively from within IIT Bombay — via faculty research, student projects, and alumni referrals. This is an internal academic pipeline, not an open market or network-based sourcing model. External founders without an IIT Bombay affiliation are typically not eligible.
Is SINE a single-family office or does it operate more like a venture firm?
SINE is neither. It is a not-for-profit academic incubator housed within IIT Bombay, deploying grants and in-kind resources rather than LP capital. It does not raise funds from external investors and does not charge management fees or carry.
Does SINE participate in fund commitments or only direct deals?
SINE does not make fund commitments. Its activity is limited to direct seed support — grants, mentorship, and infrastructure — for startups founded within the IIT Bombay ecosystem. It does not participate as an LP in external venture funds.
What investment stages does SINE target?
SINE targets the earliest stage — pre-seed and seed — often supporting ventures from the idea or prototype phase. Companies typically graduate from SINE once they are ready to raise their first priced equity round from external venture investors.
Where does the underlying capital come from?
SINE's operational funding is drawn from government grants, institutional support through IIT Bombay, and corporate partnerships. The exact sources and amounts are not publicly itemized, but SINE does not manage private investor capital as a pooled vehicle.
Does SINE maintain any philanthropic structures, and how are they separated?
SINE itself functions as a mission-driven, institution-hosted platform rather than a private operating foundation. There is no evidence of a separate philanthropic vehicle or DAF attached to its incubation activities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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