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.
October 7, 2026