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The Hindu
17-05-2025
- Business
- The Hindu
DPIIT inks pact with GEAPP to support climate-tech startups
The Department for Promotion of Industry and Internal Trade on Saturday (May 17, 2025) said it has inked a pact with Global Energy Alliance for People and Planet (GEAPP) to support early-stage climate-tech startups through funding access, and mentorship. As part of the MoU, GEAPP will launch the Energy Transitions Innovation Challenge (ENTICE), a competitive platform offering up to $500,000 in rewards for high-impact solutions, it said. Investment support will also be facilitated through partners like Spectrum Impact and Avana Capital, it added. Joint Secretary in the department Sanjiv, said this partnership would open significant opportunities for clean energy startups to scale technologies that support the country's long-term net-zero objectives. The MoU was signed by DPIIT Director Sumeet Jarangal and Saurabh Kumar, Vice President - India, GEAPP.
India Gazette
17-05-2025
- Business
- India Gazette
DPIIT partners with GEAPP to boost climate-tech startups in India
New Delhi [India], May 17 (ANI): 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 promote innovation and entrepreneurship in the clean energy and manufacturing sectors. The Ministry of Commerce and Industry shared this update on Saturday. Ministry said this two-year partnership, which can be extended in the future, aims to support early-stage climate-tech startups in India. The collaboration will provide these startups with access to funding, mentorship, pilot opportunities, and market linkages. The goal is to create a strong pipeline of scalable and investable ventures that are in line with India's net-zero goals. Under this MoU, GEAPP will also launch the Energy Transitions Innovation Challenge (ENTICE). This challenge is a competitive platform that will offer up to USD 500,000 in rewards for solutions that can bring a high impact in the climate-tech space. In addition, investment support will be provided through partner organizations such as Spectrum Impact and Avana Capital. Commerce ministry in a statement said 'DPIIT will connect the program to the Startup India network and anchor outreach through major government schemes'. Sanjiv, Joint Secretary at DPIIT, emphasized that India's leadership in climate action depends on a strong base of entrepreneurs. He said the partnership with GEAPP will create important opportunities for clean energy startups to grow and develop technologies that support India's long-term net-zero targets. Saurabh Kumar, Vice President, India, GEAPP, called the MoU a major step towards driving change through collaboration between the government, private sector, and innovators. He said that GEAPP's global experience, combined with the support of DPIIT and Startup India's network, would help unlock new opportunities for climate-tech entrepreneurship. The MoU was signed by Sumeet Jarangal and Saurabh Kumar in the presence of senior officials from both DPIIT and GEAPP. (ANI)
Time of India
17-05-2025
- Business
- Time of India
DPIIT partners with GEAPP to boost climate-tech startups with funding, mentorship
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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
17-05-2025
- Business
- Time of India
DPIIT inks pact with GEAPP to support climate-tech startups
The Department for Promotion of Industry and Internal Trade on Saturday said it has inked a pact with Global Energy Alliance for People and Planet (GEAPP) to support early-stage climate-tech startups through funding access, and mentorship. As part of the MoU, GEAPP will launch the Energy Transitions Innovation Challenge (ENTICE), a competitive platform offering up to $500,000 in rewards for high-impact solutions, it said. Investment support will also be facilitated through partners like Spectrum Impact and Avana Capital, it added. Joint Secretary in the department Sanjiv, said this partnership would open significant opportunities for clean energy startups to scale technologies that support the country's long-term net-zero objectives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The MoU was signed by DPIIT Director Sumeet Jarangal and Saurabh Kumar , vice president - India, GEAPP.
