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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.
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.
India Gazette
08-05-2025
- Business
- India Gazette
DPIIT and Hafele India signs MoU to boost manufacturing startup and local sourcing
New Delhi [India] May 8 (ANI): The Department for Promotion of Industry and Internal Trade (DPIIT) and Hafele India Pvt. Ltd signed a Memorandum of Understanding (MoU), aimed to significantly strengthening India's manufacturing and innovation ecosystem, the Ministry of Commerce & Industry said in a press release.'The partnership reflects a shared commitment to building resilient local supply chains and accelerating India's vision of becoming a global manufacturing hub,' the ministry this partnership Hafele will lend its support to startups and Micro, Small, and Medium (MSMEs), providing easy access to infrastructure, supplier development opportunities, technical collaboration, and market.'Hafele has already committed over USD 2.5 million in an Indian appliance manufacturing startup and has extended purchase orders to Indian MSME manufacturers of architectural hardware and furniture fittings. DPIIT will facilitate ecosystem access through Startup India, enabling startup connections, program participation, and co-branding,' the release Sanjiv, Joint Secretary, DPIIT, emphasized the significance of the partnership, stating, 'the partnership with Hafele India exemplifies our approach of fostering collaborative industrial ecosystems. It brings together global best practices and local entrepreneurial energy to drive sustainable manufacturing growth aligned with the Make in India vision.'Sumeet Jarangal and Frank Schloeder, Managing Director - South Asia, Hafele India signed he MoU in the presence of senior officials from both organizations and 'it will remain in effect for period of two years from the date of signing, with scope for extension based on mutual agreement.''At Hafele, we believe that India's innovation and manufacturing potential is unmatched. Through this MoU, we are excited to deepen our engagement with Indian entrepreneurs and startups and work together toward the vision of 'India for India' today and 'India for the World' tomorrow.' said Frank WAVEX 2025, the flagship startup initiative under the World Audio-Visual Entertainment Summit (WAVES) being held in Mumbai, is a promising intersection of innovation, entrepreneurship, and investment. (ANI)
