Tag : Venture

    IIT Madras Carbon Zero Challenge 2022 Launched With Focus On Sustainability Innovations & Eco-Ventures

    IIT Madras Carbon Zero Challenge 2022 Launched
    Inam Ansari
    August24/ 2022

    Chennai (The Hawk): Indian Institute of Technology Madras (IIT Madras) Carbon Zero Challenge’s (CZC) next edition is focusing on ‘Resource Depletion and Pollution,’ which has been accelerated by the crises of climate change, pollution and biodiversity loss. CZC 2022, an all-India eco-innovation and entrepreneurship competition, aims to accelerate lab-to-market transition of eco-innovations in India by funding innovations from proof-of-concept, lab-scale solutions to working prototypes or pilots. Shortlisted teams will get funding and mentorship support to establish start-ups and take their idea to the market through commercialization. In addition, CZC 2022 winners will get Rs. 10 lakh as start-up seed grant and continued support from IIT Madras such as access to IITM incubation resources and Angel and VC funding. Asia will have more than 1 billion vehicles by 2035 with as much as 80 per cent of air pollution in Asia’s cities being attributable to transport sector, according to reports by Asian Development Bank (ADB). Environmental degradation was costing India around US$ 80 billion annually, according to the Ministry of Agriculture, Government of India. Prof. V. Kamakoti, Director, IIT Madras, launched the third edition of Carbon Zero Challenge (CZC) today (24th August 22) at an event on campus in the presence of CZC Principal Coordinator, Prof. Indumathi M. Nambi and other stakeholders. The last date to apply is 24th September 2022. The details of the competition and application procedure can be obtained from CZC2022 web portal - https://czeroc.in Addressing the launch event, Prof. V. Kamakoti, Director, IIT Madras, said, “Based on experiences gained from previous editions of CZCs and other research initiatives, IIT Madras is go ...

    Continue Reading