Incubation program deadline for energy startups extended

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New Delhi, Aug 2 (IANS) The Ministry of Commerce and Industry on Thursday extended the last date for energy sector startups to apply for a three-month incubation program with a cash grant of Rs 5 lakh, to August 10.

Integrate to Innovate is a corporate acceleration program for energy startups housed at the corporate premises. Invest India has tied up with energy firms to offer lab-to-market opportunity for the startups through it.

“The last date to apply for the programme has been extended to August 10, 2018,” the Commerce Ministry said in a statement. The application for the programme is hosted on Startup India Hub — an online portal and part of the ministry.

The programme provides an opportunity to collaborate with the network of corporates to access technology, technical and commercial mentorship, and potential customers.

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“The selected startups will receive a cash prize grant of up to Rs 5 lakh per startup along with an opportunity to pilot their product with corporates,” it said.

Startups in various stages of the energy life-cycle — generation, transmission and distribution, storage and consumption — in multiple sectors are invited.

–IANS

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