Renewable Energy Search in an endeavor by IIM Ahmedabad’s Centre for Innovation, Incubation & Entrepreneurship (CIIE) and Ministry of New & Renewable Energy to identify, encourage and incubate entrepreneurial ideas aimed at solving the energy crisis in India.
The program shall provide support, recognition, licensing, seed-funding and mentoring to the following groups and invites applications in all the three categories:
Startups:
The program shall provide funding and mentoring support to technology-based early stage start-ups (even pre-revenue). CIIE shall make an investment of up to Rs 20 lacs per start-up and help in additional funding rounds
Entrepreneurs-in-residence (EIRs)
The program shall also identify entrepreneurs interested in setting up their venture in this growing sector, but not having yet narrowed down on their business idea. Such EIRs shall get to spend 3-4 months with the program as an EIR to identify a proven technology around which they would like to build their venture. Having done that, the EIR shall create a business plan and build a complimentary team around the idea. EIRs with most viable plans shall be provided funding and incubation support under the program.
