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 support early-stage climate-tech startups in India.The partnership aims to provide these startups with access to funding, mentorship, and growth opportunities.Under the agreement, GEAPP will launch the Energy Transitions Innovation Challenge (ENTICE)—a competitive platform offering rewards of up to USD 500,000 for impactful solutions aimed at accelerating the clean energy transition, news agency PTI reported.In addition to the prize money, investment support for selected startups will be facilitated through ecosystem partners such as Spectrum Impact and Avana Capital.Sanjiv, Joint Secretary at DPIIT, said the collaboration will pave the way for innovative clean energy startups to scale their technologies and contribute to India’s long-term net-zero targets.The MoU was officially signed by DPIIT Director Sumeet Jarangal and Saurabh Kumar, Vice President – India, GEAPP.
Trending
- China tightens supply: India’s auto industry seeks govt help on rare earth magnet imports; key EV parts impacted
- Mohandas Pai flags lack of domestic capital for Indian startups; urges policy overhaul; calls for stronger R&D support
- Trump-Musk rift rattles Wall Street; Tesla share slide exposes market fragility; major indexes take a hit
- Real estate market: Major listed firms sell over Rs 1 lakh crore properties; Godrej leads
- Delhi infrastructure project: Centre approves Rs 24,000-crore plan to decongest Delhi; Tunnel to link Mahipalpur to Vasant Kunj
- Tata Steel new plant: $1.5-billion electric arc furnace facility to come up at Port Talbot; UK government gives 500 million pounds
- RBI repo cut effect: HDFC slashes lending rates by 10 bps; new rates already in effect
- Jamie Dimon-led JPMorgan issues stern warning! Job hopping analysts to be fired; ‘if you accept a position with..’
- Myntra goes global: Online retailer launches first international platform in Singapore; targets Indian diaspora
- Market valuation: Mcap of 9 of 10 most valued firms jumps Rs 1 lakh crore; Reliance leads the way