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Key Points

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a groundbreaking partnership with the Global Energy Alliance for People and Planet (GEAPP) to boost clean energy startups in India. This two-year collaboration aims to provide critical support for early-stage climate-tech entrepreneurs through funding, mentorship, and market connections. The initiative includes the Energy Transitions Innovation Challenge (ENTICE), which will offer up to $500,000 in rewards for impactful clean energy solutions. By leveraging GEAPP's global experience and DPIIT's institutional backing, the partnership seeks to accelerate India's path toward net-zero emissions through technological innovation.

Key Points: DPIIT GEAPP Launch Clean Energy Startup Boost Programme

  • DPIIT partners with GEAPP to accelerate clean energy startup ecosystem
  • Initiative offers $500,000 in rewards for innovative solutions
  • Supports early-stage climate-tech entrepreneurs through funding and mentorship
  • Aims to drive India's net-zero technology development
2 min read

DPIIT, GEAPP partner to boost opportunities for clean energy startups in India: Official

India's DPIIT and GEAPP partner to empower climate-tech startups with funding, mentorship, and innovation support for net-zero goals.

"India's climate leadership depends on a strong entrepreneurial base - Sanjiv, Joint Secretary DPIIT"

Mumbai, May 17

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the Global Energy Alliance for People and Planet (GEAPP) to enhance opportunities for clean energy startups in India, Ministry of Commerce and Industry announced on Saturday.

Sanjiv, Joint Secretary, DPIIT said the collaboration will help startups scale technologies that support India's long-term net-zero goals.

"India's climate leadership depended on a strong entrepreneurial base. The partnership would open significant opportunities for clean energy startups to scale technologies that support the country's long-term net-zero objectives," he stated.

Under the two-year partnership, both organisations aim to boost innovation, sustainability, and entrepreneurship in the clean energy and manufacturing sectors.

The initiative will support early-stage climate-tech startups by helping them access funding, mentorship, pilot projects, and market connections. There is also a provision to extend the partnership beyond the initial term.

As part of the MoU, GEAPP will launch the Energy Transitions Innovation Challenge (ENTICE) -- a platform that will offer up to $500,000 in rewards for impactful clean energy solutions.

Investment support will be provided through partners such as Spectrum Impact and Avana Capital.

DPIIT will help link the programme with the Startup India network and ensure its reach through various government schemes.

Sanjiv said India's leadership in climate action depends on building a strong entrepreneurial base and added that this partnership is a step in that direction.

Saurabh Kumar, Vice President - India at GEAPP, called the MoU a key milestone to drive systemic change.

He said the combined strengths of GEAPP's global experience, DPIIT's institutional backing, and Startup India's network would create new avenues for clean energy innovation in the country.

The agreement was signed by Dr Sumeet Jarangal and Saurabh Kumar in the presence of senior officials from both organisations.

- IANS

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Reader Comments

R
Rahul K.
This is exactly what India needs right now! 🇮🇳 Our startups have brilliant ideas but often struggle with funding and mentorship. The $500k rewards through ENTICE could be game-changing. Hope to see more such collaborations between government and global organizations.
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Priya M.
Great initiative but implementation is key. Many schemes fail to reach grassroots innovators. DPIIT must ensure transparency in selection process and make sure benefits reach startups beyond metro cities. Tier 2/3 cities have immense potential too!
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Arjun S.
Clean energy + Make in India = perfect combo! This partnership can help reduce our dependence on imported tech. Would love to see more focus on solar innovations - we have sunshine throughout the year after all ☀️
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Neha T.
As someone working in renewable energy sector, I'm cautiously optimistic. The mentorship aspect is crucial - many startups fail not because of bad tech but poor business models. Hope GEAPP brings international best practices to the table.
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Vikram J.
Two years seems like a short timeframe for such ambitious goals. The extension clause is good but they should have longer initial commitment. Climate solutions need time to mature and scale up properly.
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Smita R.
Wonderful news! But can we also focus on making existing clean energy solutions more affordable? Many rural households still can't afford solar panels. Maybe some startups can work on low-cost alternatives with this funding.

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