The Centre for University-Led Innovation and Commercialization (CUBIC) at Chandigarh University has executed a Memorandum of Understanding (MoU) with venture capital firm 247VC Investment Trust. Signed during the PRAGATI Q-Foundry 2026 NQM Co-development and Venture Partnership Meet in New Delhi, the agreement establishes a structured investment and mentorship pipeline for quantum and deep-tech startups operating within the university’s incubation ecosystem.
Organized under the auspices of India’s National Quantum Mission (NQM) and the Ministry of Science and Technology, PRAGATI Q-Foundry 2026 focuses on transitioning academic quantum research toward industrial validation, co-development, and commercial deployment. CUBIC, serving as an academic and incubation partner for the national initiative, will identify eligible seed-stage and early-stage ventures in quantum computing, sensing, communications, and photonics to facilitate direct deal flow, pitch sessions, and due diligence reviews with 247VC and its syndicate networks.
| [ Chandigarh University CUBIC & 247VC Collaboration Parameters ] | ||
|---|---|---|
| Program Pillar | Operational & Incubation Framework | Strategic & Investment Impact |
| • Institutional Positioning | • CUBIC (Chandigarh University) • Academic Partner for PRAGATI Q-Foundry 2026 | • Connects university research labs with industrial co-development and national quantum mission hubs |
| • Capital & Mentorship Pipeline | • 247VC Investment Trust partnership • Seed and early-stage venture access | • Prepares startups with financial projections, IP documentation, demo days, and angel/family office networks |
| • Domain Scope | • Quantum hardware & software • Semiconductors, photonics, and advanced materials | • Aligns research translation with India’s National Quantum Mission commercialization objectives |
The framework assists academic spin-offs in preparing institutional pitch materials, establishing IP valuation models, and securing follow-on capital. CUBIC’s mandate covers quantum hardware and software alongside adjacent deep-tech verticals, including semiconductor design, integrated photonics, advanced materials, and robotics.
Review the official announcement via PR Newswire here.
In GQI Portal
The players behind the news
The team that writes QCR tracks every company, deal and technology in the GQI Factory, GQI's verified database of the quantum industry. Next up: every story linked to its players, coming to QCR's paid plans.
- Players Companies and institutions across the quantum industry, by segment.
- Scorecards How the players compare on hardware, software, funding and more.
Newsletter
QCR Alerts in your inbox
The latest reporting and analysis from Quantum Computing Report. Free, unsubscribe any time.