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In an effort to fight climate change, India's government is putting its money where its mouth is.
Avaana Climate and Sustainability Fund, an early-stage venture capital firm specializing in climate-focused start-ups, has teamed up with Start-up India to launch the Grand Challenge for ClimateTech Innovation, a competition seeking solutions to seven key climate issues, the Times of India reports.
"In the era of a global shift towards sustainability and clean technologies, initiatives like the ClimateTech Innovation program provide an ideal platform for emerging entrepreneurs and start-ups to display their innovative solutions," says Aastha Grover, vice president of Start-up India.
The seven themes are Energy Transition and Mobility, Sustainable Food and Agriculture Systems, Industrial Decarbonization and Built Environment, Circular Economy, Climate Finance, Carbon Capture, Removal and Storage, and Climate Data and Reporting.
Contenders will have until the end of the year to submit applications, which will be evaluated by a jury that includes sustainability champion corporates like Nestle and Tata Power, as well as academic institutions and other key players.
The winners will also get access to mentorship from industry leaders.
The competition is open until the end of the year.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Sustainable Principles for an Innovating Nigeria
The Central Bank of Nigeria (CBN) released the Nigerian Sustainable Banking Principles, an agreement signed by 34 banks, including the original eight of the nation’s leading banks, that covered nine key areas: environmental and social risk management, environmental and social footprint, human rights, women’s economic empowerment, financial inclusion, environmental and social governance, capacity building, collaborative partnerships and reporting.