Question
Consider the following statements regarding the
DPIITāGEAPP collaboration to promote climate-tech entrepreneurship in India: 1. The partnership aims to support early-stage climate-tech startups through funding, mentorship, pilots, and market access. 2. The initiative will include the launch of ENTICE (Energy Transitions Innovation Challenge) by GEAPP, with funding of up to $500,000 for innovative clean energy solutions. 3. Investment support for the initiative will be provided by organizations such as Spectrum Impact and Avana Capital. 4. DPIIT will link the initiative with the Startup India network but will not integrate it with any government schemes. Which of the statements given above is/are correct?Solution
ā¢ Statement 1 ā Correct: The MoU between DPIIT and GEAPP focuses on nurturing early-stage climate-tech startups through funding, mentorship, pilots, and market access. ā¢ Statement 2 ā Correct: As part of the initiative, GEAPP will launch ENTICE (Energy Transitions Innovation Challenge), which offers up to $500,000 for impactful clean energy solutions. ā¢ Statement 3 ā Correct: The investment support for the program will come from Spectrum Impact and Avana Capital, among others. ā¢ Statement 4 ā Incorrect: DPIIT will not only connect the initiative to the Startup India network but will also promote it through major government schemes to enhance its reach. Hence, the correct answer is 1, 2 and 3 only.
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