Deadline: 10-Feb-22
The Indian Institute of Management Udaipur (IIMU) is inviting applications for the Tide 2.0 Climate Change Innovation Grant Program for early-stage climate tech ventures whose products or services are explicitly focused on reducing GHG emissions or addressing the impacts of global warming.
Selected startups will receive seed grant upto 7 lakhs, inclination support, and customised mentoring and guidance from industry experts for next one year.
The Climate Change Innovation Grant program by IIM Udaipur Incubation Centre in collaboration with Transworld Group under TIDE 2.0 scheme focuses on supporting early-stage climate tech ventures whose products or services are explicitly focused on reducing GHG emissions or addressing the impacts of global warming.
Focus Areas
IIMU is looking for solutions that are addressing the challenges in the following categories:
- Clean Energy: Generating electricity and heat energy accounts for around one-third of global greenhouse gases emissions each year. Finding net zero sources of energy – which are also reliable and affordable – is vital to limiting the effects of climate change.
- Mobility and Transport: With the transportation sector accounting for 16% of global emissions, they need to reinvent how people and goods move across neighbourhoods and around the world. Entrepreneurs are building companies that revolutionize shared mobility, enable the mass adoption of electric vehicles and fleets, slash emissions from freight and aviation, and deliver new revenue streams to cities and towns.
- Agriculture & Food Systems: The food systems that feed the world’s population account for 19-29% of global GHG emissions. But just as food production and consumption are key drivers of climate change, creating a regenerative food system can help us sequester carbon in soil and create healthier waterways, oceans, and ecosystems.
- Ports & Shipping: The shipping sector accounts for about 80% of the volume of global trade and is directly responsible for approximately 3% of global greenhouse (GHG) emissions. To limit global warming to below 1.5 degree Celsius, the shipping industry must be decarbonized by 2050.
- Green Buildings & Cities: Buildings and construction are responsible for 39% of global greenhouse gas emissions. Operational emissions (generated from energy used to heat, cool and light buildings) account for nearly two-thirds of this, while the rest comes from embodied carbon emissions, or the ‘upfront’ carbon that is associated with materials and construction processes. To eliminate the carbon footprint of the built environment, both buildings and the materials they are made from must therefore be more efficient, smarter, and cheaper than those used today.
- Circular Economy: The mass production and mass disposal model is linear, meaning that waste is mainly lost and not reused. They need to abandon the linear, extractive model of how they use resources and adopt the circular economy model – Reuse, Upcycle, Recycle, Repair and the Reduction of Resources rather than their disposal.
Incentives
- Grant of 4 lakh for Prototype Validation
- Grant of 7 Lakhs for Product Development
Eligibility Criteria
IIMU is looking for people who are motivated and passionate about fighting climate change. If you have an innovative idea, this is your chance to put it into fruition. If you’re an existing start-up and in need of financial aid and/or guidance on growing your business, this too is the programme for you!
- Start-ups with a minimum of two members or two people focused on a new technology or service with high potential for both commercial viability and climate impact.
- Your solution can address any of the problem statements mentioned for this Climate Change Innovation grant.
- Core value proposition can be based on digital as well as non-digital solutions.
- Your solution is at either of these stages: proof of concept/prototype development/a tested prototype/MVP created, and a roadmap designed.
- Your ultimate solution once developed has the potential to be quickly commercialized and scaled.
- Preference would be given to innovative ideas for which patent has already been filed or can be filed in the future.
For more information, visit https://iimuic.org/tide-2.0-climate-change-innovation-grant