IISc Bengaluru-backed AI and Robotics and Technology Park is seeking approval from the Indian regulator to raise a $100m venture fund.

AI and Robotics Technology Park (Artpark), an India-based non-profit foundation founded by Indian Institute of Science Bengaluru, has unveiled plans to launch a $100m venture fund, according to the Economic Times.

Artpark is seeking approval from local regulator, the Securities Exchange Board of India and it expects to formally launch the fund by the end of this month. It hopes to begin investing by May or June.

It will look to write cheques sized at $1m to $3m and will…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).