Chandigarh University and 247VC Partner on Quantum Startup Investment

Insider Brief

• Chandigarh University’s CUBIC has become an academic and incubation partner for PRAGATI Q-Foundry 2026 and signed an MoU with 247VC Investment Trust to support quantum and deep-tech startups.
• The MoU provides a framework for potential investment introductions, strategic mentorship, pitch sessions and business-development support for eligible CUBIC startups.
• CUBIC’s participation in PRAGATI Q-Foundry 2026 supports India’s National Quantum Mission by connecting university research and startups with investors, industry and technology-development opportunities.

PRESS RELEASE — Chandigarh University’s CUBIC, India’s first university-led quantum incubator for deep-tech startups became an academic and incubation partner for PRAGATI Q-Foundry 2026, a national initiative of the Ministry of Science and Technology, aimed at accelerating the development and commercialization of quantum technologies, and signed a Memorandum of Understanding (MoU) with 247VC Investment Trust which is a leading Indian venture capital firm on the sidelines of the PRAGATI Q-FOUNDRY 2026 NQM Co-development and Venture Partnership Meet held on September 29–30 in New Delhi.

The MoU will facilitate direct access to potential investment opportunities, strategic mentorship and business support for quantum and deep-tech startups associated with CUBIC. The national meet was addressed by the Union Minister of State for Science and Technology and Earth Sciences, Dr. Jitendra Singh, and brought together startups, academic institutions, industry, investors, manufacturers to accelerate the translation of quantum technologies from research towards validation, co-development, commercialization and deployment under India’s National Quantum Mission (NQM).