According to reports, the Centre for Innovation Incubation and Entrepreneurship at Indian Institute of Management Ahmedabad (IIM-A) had organized a four day boot camp for start-ups in the clean technology space.
The objectives of the boot camp were networking, mentoring and investment. Twelve selected cleantech start-ups were mentored by a group of illustrious and eminent leaders and personalities. These mentors came from a wide variety of backgrounds and capacities, with most of them having worked in the cleantech space.
Sunand Sharma, country president at Alstom said, “Considering the current economic and political scenarios, if India has to ever achieve the targets foreseen by the Planning Commission, we need young and innovative cleantech entrepreneurs like you.”
The start-ups are a part of INFUSE Venture Accelerator (IVA), India’s first accelerator program for cleantech start-ups launced by CIIE’s INFUSE Ventures. The will act as a bridge for early stage cleantech ventures, helping them identify and bridge gaps, define roadmaps, build strong teams and speed-up their market entry.
Since its launch, IVA received 130 applications from start-ups in the various sub-sectors within the cleantech space. A final shortlist of 12 start-ups was chosen and invitations were extended to them to attend a four day boot camp at IIM Ahmedabad earlier this month.
NURU Energy, which makes innovative lighting products and recharging systems was one of the start-ups at the boot camp. Gaurav Mailk, chief operating officer, NURU Energy said, “The boot camp has not just been a catalyst for knowledge transfer but also the start of some friendships that will last a lifetime.”
INFUSE Ventures is a sustainable energy and cleantech-focused early stage venture fund set up and managed CIIE. The fund has been the product of a unique public-private-academia partnership between government of India’s ministry of new and renewable energy (MNRE) & Technology Development Board (TDB), BP Ventures and IIM-A.
Commending the quality of the start-ups at the boot camp. Subramanian, former Secretary at MNRE remarked that they demonstrated commitment, enthusiasm and zeal.