The Department for Promotion of Industry and Internal Trade (DPIIT), a central government department under India's Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with the Global Energy Alliance for People and Planet (GEAPP) to accelerate climate-tech entrepreneurship in India.
The GEAPP was founded through a collaboration of The Rockefeller Foundation, the IKEA Foundation, a Dutch charitable organization founded in 1982 by Ingvar Kamprad, the founder of IKEA, and the Bezos Earth Fund, a $10 billion philanthropic commitment by Jeff Bezos to combat climate change. GEAPP was launched at COP26 in 2021 to accelerate clean energy access and drive sustainable economic growth.
The two-year DPIIT-GEAPP partnership, with a provision for extension, will support early-stage climate-tech startups through funding access, mentorship, pilot opportunities, and market linkages. The initiative seeks to build a strong pipeline of scalable, investable ventures aligned with India’s net-zero ambitions.
Key Highlights of the Collaboration
- ENTICE Challenge: A competitive platform offering up to USD 500,000 in rewards for startups developing impactful clean energy solutions.
- Funding & Mentorship: Early-stage climate-tech startups will receive investment support through partners like Spectrum Impact and Avana Capital.
- Integration with Startup India: DPIIT will connect the initiative to Startup India’s network, ensuring outreach through major government schemes.
- Net-Zero Vision: The partnership aligns with India’s long-term climate goals, fostering scalable and investable ventures.
Saurabh Kumar, Vice President – India at GEAPP, described the MoU as a pivotal step toward systemic change through government-private sector collaboration.
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