IIM-Ahmedabad’s CIIE to Launch $100 Million Climate Tech Fund; Check Details Here

IIM Ahmedabad Centre for Innovation Incubation and Entrepreneurship (CIIE), is preparing to develop a new climate tech fund with a target capital of $100 million.

This will be a follow-up to its first fund, Infuse Ventures, which is fully drawn currently. In India, Infuse Ventures focuses on the sustainability and renewable energy sectors. The fund, tentatively termed the Bharat Climate Fund, would investigate a wide variety of options such as e-mobility, energy efficiency, sustainable manufacturing, substitute proteins, and others.

In addition to Infuse, CIIE manages two more funds: the Bharat Innovation Fund and the Bharat Inclusion Fund. Bharat Innovation invests in deep-tech start-ups, and Bharat Inclusion Fund invests in India Stack-based products aimed at the next billion internet users.

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According to Shyam Menon, a partner and co-founder at Bharat Innovation Fund, the company intends to complete the first close for the climate tech fund later this year for $50 million.

Menon said, “Broadly, the interest levels are increasing, although most of the global capital is still focused on Europe and North America for the climate. There is a lot of capital available and we expect that in the new 2-3 years, a lot more global capital will come to India. If you don’t solve the carbon problems from India's perspective, you are not solving it for the world. It’s not a localized problem, it’s a global problem”.  

He also added, “Opportunity sets that the start-ups in India addressing are only a small percentage of this ecosystem. So, we will have to see where the clear winners are going to be.”  

The Centre for Innovation Incubation and Entrepreneurship (CIIE), IIM Ahmedabad is India’s one of the leading research centres that encourage activities for the entrepreneurship ecosystem. 

For a while on seed-funding and accelerating startups at their nascent stages, CIIE has been on a roll, creating scope and interventions for raising funds to support new startups. 

The research centre was set up by IIMA in collaboration with the Government of India and the state government of Gujarat. This centre aims at incubating support to create superlative impact and foster innovation in technological spaces.

In recent news, CIIE has collaborated with Bajaj Electricals Limited to launch a new Incubation Centre. The new incubation centre will be known as ANANT BAJAJ LIMITLESS IDEAS HUB. The hub aims at helping women entrepreneurs, innovative startups, craft, and sustainable fashion businesses, solopreneurs and early-stage tech startups. 

CIIE IIM Ahmedabad Contributions and Funding

IIMA alumni have contributed enormously for tailoring success in the journey of CIIE since 2007. The alumni have looked forward to taking the initiative in the center for startups in various ways, thus supporting 500+ startups in various sectors.

The initiative has been the foreground for more than 700,000 publications that inspire today’s youth. It has scouted 30,000 ideas and mentors of the institute have mentored more than 5000 ideas. It has trained accelerated ventures even more than 500. 

Seed-funding 100 startups, about 80 of them have been successful in raising follow-on funding. The center has also helped to generate jobs in the market for providing employment. In the past year, it has generated more than 3000 jobs.

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CIIE IIM Ahmedabad Initiatives

CIIE IIM Ahmedabad has also adopted multitudes of creative initiatives to foster an equitable entrepreneurial ecosystem within the country. It has been focused on mentoring youths about the knowledge and financial aspects that are required for entrepreneurs to run successful startups.

Flagged by students, alumni and faculty of IIMA, this team works as mentors and service providers for different industrial sectors. With a history experience in serving sectorial domains, geographies and functional areas, CIIE aspires new entrepreneurs and disruptive innovation to exude commercial success for start-ups.

The faculty members mentor the youths other than investing and incubating in high tech sectors. The institute has conducted an institute that has strengthened and developed the look towards start-ups among the youths.

CIIE has been incubating start-ups as of GIBSS, Get Legal, Frame Bench, Castro, Alma connect, FORMCEPT Technologies, 11TechSquare Pvt Ltd, Axestrack Software Solutions Pvt.Ltd, Aakar Innovations Pvt. Ltd, Ecolibrium Energy Pvt Ltd, Focaloid Technologies, and Enfin Technologies India Pvt. Ltd, to name a few.

The staff members of CIIE IIM Ahmedabad include Ravi Rahul, Shyam Menon, Rohan Choukkar, Nishesh Mehta, Anshul Modi, Kunal Upadhyay, Kritika Manshani, Maneesh Bhandari, Mainak Bhattachary, and Mohsin Bin Latheef. 

CIIE, as an Association under IIMA, set up several activities for providing physical infrastructure to the entrepreneurs to investment and incubation. It helps start-ups to get more recommendations and growth through promoting the start-ups in an online platform or site. 

Currently, on the official site of CCIE, it has recommended two start-ups. Those are Easypuja that is founded by Riya Shah, and LoveForSalad which is innovated by Vidyan Rana.

CIIE IIM Ahmedabad Aims

The institute keeps focusing on the aim of providing skill sets to the entrepreneurs by engaging innovative high-tech activities. This allows them to explore new ideas to break through traditional entrepreneurial approaches paving the way for new ideas in the market.

Alongside this, funding helps in raising employment opportunities that are required in operating new start-ups.

The mentors guide the youths with the common motive of easing the toughest problems of the country through the use of innovation.

The institutes have been aware of risk by investing in start-ups with large capital at the early stage. However, it stayed committed towards most required support for entrepreneurs with mentoring, practicing research, seed funding, and training.

How to Apply for CIIE IIM Ahmedabad?

The entrepreneurs can apply for several workshops, start-up showcase, acceleration, and coaching.

• Visit the official website of CIIE, IIMA.
• Click on “programs”
• Select the workshops, Coaching, or acceleration as per requirement.
• Click on “Apply Now”
• Now provide all details about the start-up and plan for the start-up