Avaana Climate and Sustainability Fund, an early-stage VC specialising in disruptive climate-focused start-ups, in collaboration with Start-up India, has introduced the 'Grand Challenge for ClimateTech Innovation.' The initiative aims to identify and support entrepreneurs developing cutting-edge solutions to facilitate India and the global community in achieving net-zero transition. 

The applications are invited in seven key themes for the challenge: Energy Transition and Mobility, Sustainable Food and Agriculture Systems, Industrial Decarbonization and Built Environment, Circular Economy, Climate Finance, Carbon Capture, Removal and Storage, and finally, Climate Data and Reporting. 

Speaking about this initiative, Aastha Grover, vice president of Start-up India said “In the era of a global shift towards sustainability and clean technologies, initiatives like the ClimateTech Innovation program provide an ideal platform for emerging entrepreneurs and start-ups to display their innovative solutions. These startups are envisioned as pioneers, ready to assume leadership roles in groundbreaking technologies aimed at effectively addressing environmental challenges. We hope that start-ups embrace this opportunity and leverage it to make a meaningful difference." 

“The Grand Challenge for ClimateTech Innovation represents our dedication to supporting visionary startups driving impactful climate solutions”, said Anjali Bansal, founding partner of Avaana Capital. “It is aligned with building from India, for India and the world.” 

Start-ups with DPIIT registration are only eligible to apply. Winners will not only receive monetary prizes but will also gain access to mentorship from industry leaders and exposure to opportunities with influential stakeholders. The jury, responsible for shortlisting applications, will be composed of esteemed professionals across the ecosystem. This distinguished panel will include sustainability champion corporates, research think tanks, academic institutions, and other key players, ensuring a comprehensive and insightful evaluation process. 

Applications for the 'Grand Challenge for ClimateTech Innovation' are open until 30th December 2023.

Other organisations who have come on board to partner for this initiative include NITI Aayog and Atal Innovation Mission (AIM), The Global Energy Alliance for People and Planet (GEAPP), Rocky Mountain Institute (RMI) India Foundation, Nestle, and Tata Power, among others.