In a bid to boost solar-power use in the country, the Ministry of New & Renewable Energy (MNRE) on Saturday announced the launch of a ₹2.3-crore start-up innovation challenge that will aim at accelerating rooftop solar installation and renewable energy adoption in India.
The unique programme seeks applications from innovators and start-ups in India that focus on four key categories to boost adoption of renewable energy – affordability, resilience, inclusivity, and environmental sustainability.
The applicants – who may represent a wide range of start-ups in green tech, IoT, AI, blockchain, construction, energy hardware, fintech, and waste management – would be required to identify and support breakthrough solutions for India’s rooftop solar and distributed renewable energy ecosystem, a statement by the MNRE said.
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Launched during the National Conference on Skill Development for the Renewable Energy Workforce by the Innovative Projects Start-Up Challenge on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) Technologies, the programme is being implemented under the aegis of MNRE with support from the National Institute of Solar Energy (NISE), and in coordination with StartUp India, DPIIT.
Applicants will compete for a total prize pool of ₹2.3 crore, including ₹1 crore for 1st prize, ₹50 lakh for 2nd, ₹30 lakh for 3rd, and 10 consolation prizes of ₹5 lakh each.
Winners will also get incubation support, pilot implementation opportunities, and mentorship from domain experts and investors, facilitated by MNRE and NISE.
The deadline for submitting entries is August 20, and the winners will be announced on September 10.
Applications can be submitted through the startup India's Website: https://www.startupindia.gov.in.
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