How is DPIIT and GEAPP Collaborating to Enhance Clean Energy Startups in India?
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Synopsis
The DPIIT and GEAPP partnership aims to revolutionize clean energy startups in India. This collaboration promises funding, mentorship, and innovation opportunities, empowering entrepreneurs to contribute to the nation's climate goals. Stay tuned as we explore its potential impact on India's clean energy landscape.
Key Takeaways
- DPIIT and GEAPP have signed a MoU to support clean energy startups.
- The initiative aims to enhance innovation and sustainability in clean energy.
- Startups will have access to funding, mentorship, and market connections.
- The Energy Transitions Innovation Challenge will offer rewards up to $500,000.
- The partnership can be extended beyond the initial two years.
Mumbai, May 17 (NationPress) The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with the Global Energy Alliance for People and Planet (GEAPP) to elevate prospects for clean energy startups across India, as announced by the Ministry of Commerce and Industry on Saturday.
Sanjiv, Joint Secretary at DPIIT, remarked that this collaboration will empower startups to enhance technologies that align with India’s long-term net-zero aspirations.
“The climate leadership of India hinges on a robust entrepreneurial ecosystem. This partnership will unlock substantial opportunities for clean energy startups to amplify technologies that further the nation’s net-zero objectives,” he articulated.
Through this two-year alliance, both entities aspire to foster innovation, sustainability, and entrepreneurship within the clean energy and manufacturing domains.
The initiative will assist early-stage climate-tech startups by facilitating access to funding, mentorship, pilot projects, and market connections. There is also a possibility to extend the collaboration beyond the initial two years.
As part of the MoU, GEAPP will initiate the Energy Transitions Innovation Challenge (ENTICE), which will provide up to $500,000 in rewards for effective clean energy solutions.
Investment support will be rendered through partners like Spectrum Impact and Avana Capital.
DPIIT will connect the program with the Startup India network, ensuring its accessibility through various government initiatives.
Sanjiv emphasized that India’s role in climate action is reliant on establishing a strong entrepreneurial foundation, asserting that this partnership is a significant step forward.
Saurabh Kumar, Vice President - India at GEAPP, described the MoU as a pivotal milestone for instigating systemic transformation.
He noted that the combined strengths of GEAPP’s global expertise, DPIIT’s institutional support, and the Startup India network would pave the way for new opportunities in clean energy innovation within the country.
The agreement was formalized by Dr Sumeet Jarangal and Saurabh Kumar in the presence of senior officials from both organizations.
Point of View
It's vital to recognize the significance of the DPIIT and GEAPP collaboration. By fostering an entrepreneurial environment, India is poised to lead in clean energy innovation. This partnership embodies a proactive approach to climate change, aligning with global sustainability goals while empowering local startups.
NationPress
08/06/2025
Frequently Asked Questions
What is the purpose of the DPIIT and GEAPP partnership?
The partnership aims to boost opportunities for clean energy startups in India by providing funding, mentorship, and resources to support innovation in the sector.
How much funding will be available through the Energy Transitions Innovation Challenge?
The Energy Transitions Innovation Challenge (ENTICE) will offer up to $500,000 in rewards for impactful clean energy solutions.
What sectors will benefit from this MoU?
The MoU will primarily benefit the clean energy and manufacturing sectors by fostering innovation and entrepreneurship.
What role will DPIIT play in this initiative?
DPIIT will connect the program with the Startup India network and ensure its accessibility through various government schemes.
Can this partnership be extended beyond two years?
Yes, there is a provision to extend the partnership beyond the initial two-year term based on its success.
