Under its committed Sustainability Incubation Program, Alstom India has given a grant of Rs 1.5 crores to 10 startups that have developed solutions in the fields of clean energy, shared mobility, and multimodal solutions.
Accelerated by NSRCEL-IIMB (NS Raghavan Centre for Entrepreneurial Learning), the selected startups will be able to use the grant funds to develop and deploy their solutions.
An expert jury including innovation leaders from Alstom screened over 200 applications and selected 20 startups for the incubation program.
Of these, 10 startups have been selected for grant support which are:
- MetroRide
- Evoride Motors
- Volar Alta C/o Drone Tech Solutions
- Epick Bikes
- ChargeEZ
- The Energy Company
- Green Tiger Mobility
- TrackNerd GPS
- Tadpole Projects
- Swytchd
Speaking about the incubation program, Olivier Loison, Managing Director, Alstom India commented, “While we are bringing our vision of sustainable mobility to life through our business, we have also committed to making active social investments to nurture startups who share our vision.”
Commenting on this milestone, Anand Sri Ganesh, COO of NSRCEL at IIM Bangalore, said, “The climate and sustainability spaces are still emerging. Knowledge networks, business models, funding, policy environment – all of these are still weakly defined. Yet we are staring at a crisis in climate change. At NSRCEL we are committed to injecting innovation to solve these priorities at scale, through the lens of entrepreneurship. Alstom’s commitment to the sector, and in supporting entrepreneurial innovation is an inspiration for other leading corporates to join the cause.”
The incubation program itself has brought a whole host of partners across research & engineering, policy and market access to accelerate the journeys of these ventures.
Through a combination of capacity & capability building, exposure to complementary partnerships, and funding; the incubation program will help sharpen the business and technology roadmaps of each venture to put them on a path to scale.