Latest news with #InnovativeProjectsStart-UpChallenge
Time of India
7 days ago
- Business
- Time of India
MNRE launches ₹2.3 cr Start-Up Challenge to accelerate rooftop solar and distributed energy innovation
NEW DELHI: In a major push to catalyze innovation in India's clean energy sector, the Ministry of New and Renewable Energy (MNRE) has launched the Innovative Projects Start-Up Challenge with a total prize pool of ₹2.3 crore. The initiative aims to discover cutting-edge solutions to scale up rooftop solar (RTS) and distributed renewable energy (DRE) technologies across the country, according to an official release on Saturday. The challenge was formally announced during the National Conference on Skill Development for the Renewable Energy Workforce, held at Atal Akshay Urja Bhawan in the capital. It is being implemented with support from the National Institute of Solar Energy (NISE) and coordinated through the StartUp India platform under DPIIT. Four Key Focus Areas for Innovation The Start-Up Challenge invites applications from Indian innovators and start-ups across four mission-critical categories: Affordability: Innovations that make rooftop solar more accessible to low- and middle-income households through modular systems, circular economy practices, and novel financing models. Resilience: Technologies that improve grid stability, enhance cybersecurity, and ensure climate resilience, especially for remote and vulnerable communities. Inclusivity: Community-based models like virtual net metering and inclusive financing to widen solar access in underserved regions. Environmental Sustainability : Eco-friendly approaches such as solar panel recycling, land-neutral deployments, and hybrid renewable systems. Start-ups from diverse sectors including green tech, IoT, AI, blockchain, energy hardware, fintech, and waste management are encouraged to apply. Prize Money and Incubation Support Winners of the challenge stand to gain significant financial and institutional support: 1st Prize: ₹1 crore2nd Prize: ₹50 lakh3rd Prize: ₹30 lakh10 Consolation Prizes: ₹5 lakh each In addition to the monetary awards, selected participants will receive incubation support, pilot implementation opportunities, and mentorship from domain experts and investors. Challenge Timeline Application Deadline: August 20, 2025 Results Announcement: September 10, 2025 Apply via: Startup India Portal Driving India's Energy Transition The ministry said this initiative reflects MNRE's continued commitment to building a robust innovation ecosystem for India's clean energy future. By fostering scalable, inclusive, and sustainable solutions, the government aims to make rooftop solar and DRE mainstream components of India's renewable energy mix, it added.
India Gazette
21-06-2025
- Business
- India Gazette
MNRE launches Rs 2.3 crore start-up challenge
New Delhi [India], June 21 (ANI): The Ministry of New and Renewable Energy (MNRE) has launched the Innovative Projects Start-Up Challenge on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) Technologies, during the National Conference on Skill Development for the Renewable Energy Workforce at Atal Akshay Urja Bhawan, New Delhi. This unique national innovation challenge aims to identify and support breakthrough solutions for India's rooftop solar and distributed energy ecosystem, the statement from the Ministry said. It is being implemented under the aegis of MNRE with support from the National Institute of Solar Energy (NISE), and in coordination with StartUp India, DPIIT. Further, as per the statement, the Start-Up Challenge seeks applications from innovators and startups in India, focusing on four key categories to boost renewable energy adoption: Affordability - Making rooftop solar affordable for low- and middle-income households using innovative financing, modular systems, and circular economy strategies. Resilience - Enhancing climate resilience, grid stability, and cybersecurity in solar infrastructure, especially for vulnerable and remote areas. Inclusivity - Expanding access to underserved communities through community solar, virtual net metering, and inclusive financing models. Environmental Sustainability - Promoting eco-friendly technologies such as solar panel recycling, land-neutral solar deployment, and hybrid clean energy models. The challenge welcomes a wide range of startups in green tech, IoT, AI, blockchain, construction, energy hardware, fintech, and waste management. The selected innovators will compete for a total prize pool of Rs 2.3 crore, including Rs one crore for 1st Prize, Rs 50 lakh for 2nd Prize, Rs 30 lakh for the third Prize, and 10 Consolation Prizes of Rs five lakh each. Winners will also gain incubation support, pilot implementation opportunities, and mentorship from domain experts and investors, facilitated by MNRE and NISE. The last date for applications is August 20, 2025, and the result will be announced on September 10, 2025. Applications can be submitted through Startup India's website. (ANI)
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Business Standard
21-06-2025
- Business
- Business Standard
Govt launches ₹2.3-cr startup scheme to boost rooftop solar installations
The Ministry of New & Renewable Energy (MNRE) on Saturday announced the launch of a Rs 2.3-crore startup innovation challenge with an aim to accelerate rooftop solar installation and renewable energy adoption in the country. This innovation challenge aims to identify and support breakthrough solutions for India's rooftop solar and distributed renewable energy ecosystem, a ministry statement said. It is being implemented under the aegis of MNRE with support from the National Institute of Solar Energy (NISE), and in coordination with StartUp India, DPIIT. According to the statement, the Innovative Projects Start-Up Challenge on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) Technologies was launched during the National Conference on Skill Development for the Renewable Energy Workforce. The challenge seeks applications from innovators and startups in India, focusing on four key categories to boost renewable energy adoption -- affordability, resilience, inclusivity and environmental sustainability. The challenge is open for a wide range of startups in green tech, IoT, AI, blockchain, construction, energy hardware, fintech, and waste management. Applicants will compete for a total prize pool of Rs 2.3 crore, including Rs 1 crore for 1st prize, Rs 50 lakh for 2nd, Rs 30 lakh for 3rd, and 10 consolation prizes of Rs 5 lakh each. Winners will also get incubation support, pilot implementation opportunities, and mentorship from domain experts and investors, facilitated by MNRE and NISE. The deadline for submitting entries is August 20 and the winners will be announced on September 10. Applications can be submitted through the startup India's Website:
