Print

DPIIT partners with GEAPP to boost Climate-Tech Entrepreneurship in India

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), aiming to foster innovation, sustainability, and entrepreneurship in India’s clean energy and manufacturing sectors.
 
This two-year collaboration, which includes a provision for extension, is designed to support early-stage climate-tech startups by providing access to funding, mentorship, pilot opportunities, and market linkages. The initiative is aligned with India’s net-zero ambitions and seeks to create a robust pipeline of scalable and investable ventures in the climate-tech space.
 
Under the partnership, GEAPP will launch the Energy Transitions Innovation Challenge (ENTICE), a competitive platform offering up to $500,000 in rewards for breakthrough climate solutions. Investment support for selected startups will be facilitated through partners such as Spectrum Impact and Avana Capital. DPIIT will integrate the program with the Startup India network and anchor outreach efforts through major government schemes.
 
Speaking on the occasion, Shri Sanjiv, Joint Secretary, DPIIT, said that India’s climate leadership depended on a strong foundation of entrepreneurship. He added that the partnership would unlock opportunities for clean energy startups to scale up technologies that are essential to achieving the country’s long-term net-zero targets.
 
Saurabh Kumar, Vice President – India, GEAPP, termed the collaboration a pivotal step toward enabling systemic change. He emphasized that GEAPP’s global expertise, combined with DPIIT’s institutional backing and the reach of the Startup India network, would create a fertile ground for clean energy innovation in India.
 
 
 
 
 
 
 
 

RELATED ARTICLES

2 hours ago | Fairfax Financial Holdings

Cabinet approves Rs 52,878 crore sale of 60.72% stake in IDBI Bank to Fairfax entity

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Canada-based Fairfax Financial Holdings Ltd. as the strategic buyer for a 60.72% stake in IDBI Bank for approximately ₹52,878.08 crore. The transaction comprises the sale of a ...

3 hours ago | Annual Meetings

Nirmala Sitharaman to Attend IMF-World Bank Annual Meetings in Bangkok

Union Finance and Corporate Affairs Minister Nirmala Sitharaman will visit Bangkok, Thailand, from October 14 to 18 to participate in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, along with meetings of G20 an...

3 hours ago | Benchmark equity indices ended lower

Sensex falls, Nifty slips below 22,650 as pharma, healthcare stocks drag

Benchmark equity indices ended lower on Wednesday, weighed down by losses in pharma and healthcare stocks, even as gains in information technology shares limited the decline. The Sensex declined 251.89 points, or 0.34 per cent, to close at 72,781.8...