Climate Change Innovation Challenge
Accelerating Green Innovations, Powering a Sustainable Future
Application Deadline : Jan 7, 2024
About the Program
The Climate Change Innovation Challenge by IIM Udaipur Incubation Centre under the TIDE 2.0 scheme aims to support early-stage climate tech ventures that are focused on addressing pressing environmental challenges and mitigating the impacts of climate change.
We want to provide you and your startup with state-of-the-art mentoring and online training, as well as access to financial support and networking opportunities. The bottom line is success, both for you and your start-up and for the environment with tangible climate solutions.
Only teams that have developed a prototype or a minimum viable product with the intention of pilot validation and product commercialisation are eligible to join.
Focus Area
Clean Energy
Clean Energy Generating electricity and heat energy accounts for around one-third of global greenhouse gases emissions each year. Finding net zero sources of energy – which are also reliable and affordable is vital to limiting the effects of climate change.
We seek new ideas, innovations, and technologies that can disrupt how we generate and enable better adoption and distribution of renewable energy and improve energy efficiency in a low-cost and inclusive manner for urban and rural communities.
Food & Agriculture
Food & Agriculture The food systems that feed the world’s population account for 19-29% of global GHG emissions. But just as food production and consumption are key drivers of climate change, creating a regenerative food system can help us sequester carbon in soil and create healthier waterways, oceans, and ecosystems.
We seek innovations that make our agricultural systems more sustainable and increase access to law carbon food, tools, land, and resources for farmers and consumers, thereby, ensuring food security in both urban and rural communities
Mobility & Transport
With the transportation sector accounting for 16% of global emissions, we need to reinvent how people and goods move across neighbourhoods and around the world. Entrepreneurs are building companies that revolutionize shared mobility, enable the mass adoption of electric vehicles and fleets, slash emissions from freight and aviation, and deliver new revenue streams to cities and towns.
We seek new ideas as new services, platforms, and technologies to support the growing demand for sustainable mobility and supply chains.
Ports & Shipping
Ports & Shipping The shipping sector accounts for about 80% of the volume of global trade and is directly responsible for approximately 3% of global greenhouse (GHG) emissions. To limit global warming to below 1.5 degree Celsius, the shipping industry must be decarbonized by 2050.
We seek innovative solutions that can help the shipping sector transition away from fossil fuels and achieve the net zero targets by 2050.
Green Buildings & Cities
Green Buildings & Cities Buildings and construction are responsible for 39% of global greenhouse gas emissions. Operational emissions (generated from energy used to heat, cool and light buildings) account for nearly two-thirds of this, while the rest comes from embodied carbon emissions, or the ‘upfront’ carbon that is associated with materials and construction processes. To eliminate the carbon footprint of the built environment, both buildings and the materials they are made from must therefore be more efficient, smarter, and cheaper than those used today.
We seek green building innovations that tan reduce the carbon footprint of buildings and occupants, thereby constructing a sustainable future for climate mitigation.
Program Offerings
₹ 7 Lakhs
financial support
for top 2 Winner startup
₹ 4 Lakhs
financial support
for 2 Runnerup startups
Capital for building an MVP or pilot validation (in the form of grants and equity)
1:1 Mentoring and coaching curated to the startups’ goals and stages
Online workshops and bootcamp for future upscaling
Access to a network of like-minded collaborators and partners
Connect with investors for follow-on funding.
Winners Of 2021
Winners Of 2022
Eligibility Criteria
- Only teams that have developed a prototype or a minimum viable product with the intention of pilot validation and product commercialisation are eligible to join.
- Proposes an impactful solution that addresses key challenges in at least one of the listed thematic areas.
- Possesses an original and innovative proposal.
- Presents a feasible solution that can be adopted quickly and perform well in a large-scale setting.
- Potential for commercially viable solution, with a large market size
- Preference would be given to innovative ideas for which patent has already been filed or can be filed in the future.
Scoring Criteria
Impact (20 points)
The ability to create a positive impact on the environment or solve a problem, considering both qualitative and quantitative aspects.
Team Strength (20 points)
The qualifications, experience, and expertise of the founders and key team members and their ability to collaborate and drive the venture forward.
Feasibility (20 points)
The practicality and realistic possibility of implementing the innovation or solution, including a clear plan and timeframe.
Relevance (20 points)
The innovation or solution should align with the Climate Change Innovation Challenge theme.
Uniqueness (20 points)
The outstanding and competitive advantages of the team’s innovation compared to existing ideas.
Program Timeline
Applications Open
Dec 14, 2023
Application Screening
Jan 8 – Jan 14, 2024
Announcement of Finalist
Jan 16, 2024
Applications Close
Jan 7, 2024
Final Pitching
Jan 15, 2024
Startup Onboarding and Incubation Process
Jan 17, 2024