India and the US announce new programme supporting innovations to tackle climate & clean energy challenges

What is the News?

India and the United States have launched a programme titled “Technology-based Energy Solutions: Innovations for Net Zero”.

What is Technology-based Energy Solutions: Innovations for Net Zero Program?

It has been launched by United States-India Science & Technology Endowment Fund (USISTEF) in partnership with Social Alpha, a non-profit organisation promoting S&T entrepreneurship.

Objective: To encourage out-of-the-box, innovative ideas from the community to address the goal of getting to net zero.

Focus Areas: The program would support project proposals that address the climate and clean energy challenges in the following focus areas:

• Next-generation Clean and Renewable Energy
• Energy Storage
• Carbon Sequestration

Funding and Award

Ignition Stage I: To help teams proposing early-stage creative ideas develop a proof-of-concept and/or build a prototype [upto INR 50,00,000/- or approx. $66,000/- up to 12 months

Ignition Stage II: To support teams with a workable, validated prototype. The technology must have significant potential to commercialize within 2-3 ears (INR 1.5 Crore or approx. $203,560/- up to 24 months)

Source: This post is based on the article “India and the US announce new programme supporting innovations to tackle climate & clean energy challenges” published in PIB on 17th Dec 2021.