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Polyplex Corporation Limited, one of world’s largest manufacturers of packaging film, and Shriram Institute – Technology Business Incubator (SRI-TBI), a Delhi-based business incubator of Shriram Institute for Industrial Research and supported by Department of science & technology (DST), Government of India, have announced that they have joined hands to run an Accelerator Program – ‘CleanEdge’ for Environmental Sustainability, Waste Management & Renewables. This is a four month program and will run from February 2019 till May 2019.

CleanEdge Accelerator program has started accepting applications. With rigorous evaluation 15 startups will be shortlisted to participate in this program.

Key offerings under this program are 1) High quality intensive mentorship by Startup Experts, Functional Strategy Experts, domain related technical & sector specific experts. 2) Access to State-of-the-Art pilot lab facility at SRI-TBI in Delhi & Co-working facility at Aspirelabs. 3) Access to ‘Appropriate’ Technology, Opportunity to raise Seed-Capital upto 25 lakhs. 4) Access to Impact investors and Potential Customers. 5) Post acceleration support.

With Polyplex and SRI-TBI as anchors, this program is also being significantly supported by Department of Science & Technology (DST), Government of India under its umbrella of National Initiative for Developing and Harnessing Innovations (NIDHI) scheme launched in 2016.

Who can apply – Startups working in Clean technology but not limited to — Circular Economy, Waste Management, Recycling & Up-cycling, Plastic & Rubber, Clean water & Clean air Technologies, Renewables, 3D Printing, Smart City Solutions, Environment Sustainability.

Polyplex Corporation Limited is among the world’s largest manufacturers of packaging film with manufacturing facilities in five countries and employs over 2000 people globally. Apart from Infrastructural support, Polyplex through its network brings a high-quality business mentor pool, global linkages and market access for young startups.

Shriram Institute for Industrial Research is an organization providing research and testing services in the field of plastics, rubbers, specialty chemicals and waste management. It also helps startups grow through nurturing innovative ideas into technologies and incubating entrepreneurs through its Technology Business Incubator.

This program would be executed by Aspirelabs Accelerator – founded by Ranjit Singh – Director at Polyplex Corporation Limited and an alumnus of IIM Ahmedabad and BITS Pilani. Applications for CleanEdge Accelerator are now open. Program details are accessible at https://aspirelabs.com/clean-tech. Also anyone can share this article with budding entrepreneurs working in clean-tech areas in their network to help drive innovation, growth and collaboration in a socially impactful field.

Aspirelabs is a starup accelerator centrally located in Delhi-NCR with ten thousand square feet of premium office space and having access to high quality business and startup mentors. It is designed to foster entrepreneurship and innovation, and has a range of customized programs to enable young businesses and startups scale up to large profitable businesses. Aspirelabs is closely associated with Startup Oasis – a Jaipur based incubation centre of Centre for Innovation Incubation and Entrepreneurship (CIIE) which is India’s leading incubator operating under the aegis of IIM Ahmedabad.

In last few years there have been number of initiatives and programs launched by organizations, young businesses, startups and even by Government of India to tackle challenges in area of environmental sustainability, Waste Management and renewable energy.

In June last year, India’s Union science & technology minister Harsh Vardhan had announced that India will soon have its first international incubator to promote innovation in the field of clean energy and stimulate research, innovation, and entrepreneurship for the global initiative on clean energy. With a total investment of around $5 million, the incubator is being set up in a public-private partnership.

At the same time, Yes Bank has also launched multi sector accelerator program called YES SCALE which offers a 15 week program for startups in the areas of clean tech and Agritech, among others.

[Top Image Source – Aspire Labs@Facebook.com]

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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