2013-10-07

ADB, Infuse Ventures and CIIE Launch \'PowerStart\' to nurture cleantech startups

IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) and Infuse Ventures have partnered with the Asian Development Bank to launch \'PowerStart\'.

ADB, Infuse Ventures and CIIE Launch \'PowerStart\' to nurture cleantech startups

IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) and Infuse Ventures have partnered with the Asian Development Bank to launch ‘PowerStart’.

 

PowerStart is an intensive bootcamp and accelerator programme for early stage start-ups as well as individuals keen on building a cleantech venture from scratch – and aims at providing business, technology, policy and financial support to new ideas and enterprises.

 

PowerStart leverages the strong network and experience of its partners – Asian Development Bank, Infuse Ventures and IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) – to help build a conducive ecosystem for cleantech entrepreneurship in India.

 

Infuse Ventures is a unique fund and ecosystem backed by the Government of India, BP, IFC and other domestic investors. ADB support for the programme is being provided through their Climate Technology Finance Centre (CTFC) project.

 

During this 4-day bootcamp, the ventures will get to interact with all relevant stakeholders of the ecosystem – including policy-makers, successful entrepreneurs, investors, among others. Subsequently the entrepreneurs will also be provided with 3-4 months of active acceleration support from mentors in the Infuse ecosystem. All travel and lodging expenses of participants during the bootcamp will be borne by ADB and Infuse.

 

The selected ventures would also be considered for investment between Rs 25 lacs - Rs 5 crores by Infuse Ventures, based on the stage and needs of each venture.

 

“Apart from supporting existing start-ups, our focus is on co-creating capital-efficient cleantech ventures from scratch. We invite individuals with relevant expertise in areas like information technology, analytics, supply chains and financing to work closely with us, leverage our networks and ideas and co-create scalable ventures”, said Kunal Upadhyay, CEO, Infuse Ventures.

 

Related opportunities
  • Education Supplies
    About Us: Qikme is a 4 in 1 Software as a..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lakh - 10lakh
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Sassafras brings a magnificent collection of Women’s clothing closer to..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy Parlors
    When the magical formula of Jain Shikanji Masala was made..
    Locations looking for expansion Uttar pradesh
    Establishment year 1957
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hapur Uttar pradesh
  • Home Safety & Security
    Czar Lab brings you unique product to India called IguanaGrip. IguanaGrip:..
    Locations looking for expansion KARNATAKA
    Establishment year 2010
    Franchising Launch Date 2012
    Investment size Rs. 2lakh - 5lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BANGALORE KARNATAKA
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads