To offer offer a unique lab-to-market opportunity for Indian startups in Energy sector, ‘Invest India’, a government of India’s official investment promotion agency, has joined hands with energy companies to offer its three-month programme for startups in the sector, announced department of industrial policy and promotion (DIPP), which funds Invest India.
Called as “Integrate to Innovate”, the programme is a 3-month corporate acceleration programme for energy startups housed at the corporate premises.
The programme aims to provides startups and entrepreneurs an opportunity for collaboration and conversation around valuable energy transitions, offering startups an opportunity to bring their ideas to life with the guidance and support from corporates.
Interested startups and entrepreneurs can enroll for programme by Applying at Startup India Hub Here.
The last date to apply for the programme is — August 10, 2018.
Selected Startups get a chance to pitch to a corporate panel and subsequently, the selected startups undergo a 3 month incubation at the corporate premises.
The programme provides an opportunity for collaboration and conversation around valuable energy transitions, offering startups an opportunity to bring their ideas to life with the guidance and support from corporates.
The selected startups will receive a cash prize grant of up to ₹ 5 Lakh per startup along with an opportunity to pilot their product with corporates. The corporates would offer them access to technology, technical and commercial mentorship and access to potential customers through the corporate network of partners.
Entries are invited from innovators across various stages of the energy life-cycle—generation, transmission and distribution, storage and consumption—in multiple sectors such as households, farm, industry, infrastructure, building, utility and transport. The winners will be assessed on select parameters such as the breakthrough nature of the innovation, business viability and scalability potential.