Friday, July 19, 2024
Outlook India
Outlook Business

Climate Tech

SusVentures has pledged to offer a non-dilutive grant of over Rs 31 lakhs to eligible startups emerging from the program

The global venture capital senses great potential in these sectors as the investment ecosystem moves from being tech-enabled to being more core-tech in nature 

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

Selected startups to receive Rs 80 lakhs with a follow-on provisioning of INR 8 crore

The fund is backed by several investors representing six institutional and sovereign wealth investors, including SIDBI, as well as 125 limited partners

They will work jointly to establish an identity as the go-to biogas design and engineering firm for project developers globally

It will select start-ups with ideas to tackle climate change and fully fund the building of their proofs of concept

With this pre-seed funding, Myplan8 aims to strengthen its product and development efforts

The company has also opened applications for its 14th Cohort with a focus on sectors like climate tech, clean tech, urban tech, robotics, asset optimisation and big data

The cohort includes founders from a range of sectors such as climate tech, artificial intelligence, metaverse, digital health, and e-commerce. Each of the 30 founders will receive between $1 million to $2 million in capital from Sequoia