The Division for Promotion of Trade and Inside Commerce on Saturday mentioned it has inked a pact with World Vitality Alliance for Individuals and Planet to help early-stage climate-tech startups by way of funding entry, and mentorship.
As a part of the MoU, GEAPP will launch the Vitality Transitions Innovation Problem, a aggressive platform providing as much as $500,000 in rewards for high-impact options, it mentioned.
Funding help may even be facilitated by way of companions like Spectrum Impression and Avana Capital, it added.
Joint Secretary within the division Sanjiv, mentioned this partnership would open important alternatives for clear vitality startups to scale applied sciences that help the nation’s long-term net-zero goals.
The MoU was signed by DPIIT Director Sumeet Jarangal and Saurabh Kumar, Vice President.
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