Welcome Guest

Businessex.Com
Home News IIMA's CIIE to launch India's first Water Accelerator program

IIMA's CIIE to launch India's first Water Accelerator program

Tags: IIM Ahmedabad, Startups, Water Accelerator, Centre for Innovation Incubation and Entrepreneurship

July 13, 2015 | COMMENTS ( 0 )

IIMA's CIIE to launch India's first Water Accelerator program

With an aim to kick-start the ecosystem for water innovation and technology in India, IIM Ahmedabad’s technology business incubator - Centre for Innovation Incubation and Entrepreneurship (CIE) - is launching the country’s first water accelerator in partnership with Asian Development Bank, Arghyam Foundation, Luminous Water Technologies’ Livpure, the World Bank’s Water and Sanitation Program, and the other reputed purification solution providers.

The duo, Nishesh Mehta and Mudit Narain from CIIE are going to lead the program. Explaining how the program will operate, Nishesh said, “The program aims to accelerate, nurture, and invest in early stage startups that have the potential to become scalable and competitive enterprises. Selected startups will be provided intensive capacity building, mentoring and advisory support by leaders in industry, government, academia and practitioners.”

Mudit further added, “This program is unique in several ways. First, the Government of Rajasthan is expected to review and award pilots to the top startups to field test their solutions. Second, the program is going to run a separate track to support non-profits looking to become financially independent or scale rapidly. Finally, it also invites passionate individuals looking to venture out in the water and sanitation sector and plug them into existing companies to launch new products.”
 
Applications for this accelerator will be invited from early-stage startups working on breakthrough technologies and business models in various areas such as water supply, sanitation, treatment and purification, water management and mobile technology, irrigation and Internet of Things. The program expects to select about 10 to12 teams.

Kunal Upadhyay, the CEO of CIIE, said “Promoting entrepreneurship in sectors that affect a wide cross section of Indians, in rural or urban areas, can be a strong tool to bring together local knowledge for proper implementation of new technologies. Entrepreneurs are able to capture consumer preferences, and this model will improve service delivery in India, especially in critical sectors like water and sanitation.” CIIE will also assemble leading water focused funds and companies such as Livpure to consider potential investment in the shortlisted ventures.
 
“More than 100 million people in India live in places where water is severely polluted. It is absolutely critical to find and support promising entrepreneurs in India to develop and scale breakthrough solutions to help address water scarcity and climate challenges,” said Dr. Xuedu Lu, Advisor from ADB's Sustainable Development and Climate Change Department. “Pioneering initiatives like the Water Accelerator program can help make this happen,” she added.

Rohini Nilekani, chairperson and founder, Arghyam Foundation said, “Arghyam is happy to support the CIIE’s Water CoLab initiative. Apart from all the work done by government and civil society together with communities, we need a sharp focus on innovation. New technologies for detecting and solving water quality issues, for making invisible groundwater visible for better management, innovation in water efficiency tools and so on are an urgent need. India’s water crisis is now unfolding at an alarming rate. Anything that can help stem the deteriorating scenario is well worth investing in.”

RS Rajan, MD, Livpure, said, “We are delighted to partner with IIMA CIIE Water Accelerator. The partnership would enable Livpure to engage with entrepreneurs spearheading the Indian water ecosystem.” The Water and Sanitation Program (WSP) at the World Bank is the accelerator’s knowledge partner. According to Joep Verhagen of WSP, the program believes that private sector has an important role to play in the Water, Sanitation and Health (WASH) sector, and is looking to intensify its collaboration with innovative entities in the sector.

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....