The centre at the IIT Madras Research Park campus will focus on research and development (R&D) of products and services used in lasers, optical networking components and systems, EV batteries, and compound semiconductor devices.
Briefing the media on the outcome of the meeting of the digital economy ministers of G20 that took place in August, Rajeev Chandrasekhar said the group had wide-ranging discussions on the importance of cybersecurity for businesses and why it was becoming important.
Soonicorn Ventures has a sector-agnostic approach to investments and will allocate investments ranging from Rs 50 lakh to Rs 4 crore in startups at the initial funding stages.