The Energy Transitions Innovation Challenge (ENTICE)
ENTICE is an initiative powered by The Global Energy Alliance for People and Planet (GEAPP) that is incentivizing innovations at scale for energy transitions. Interest from venture capitalists is often low during Series A funding (being focused more on Series B and C funding), as a result, start-up ideas do not progress beyond the drawing board.
The current energy landscape presents significant challenges and unmet needs in achieving green energy transitions.
- Technical Challenges: The execution of clean energy solutions is faced by challenges such as elongated development and execution timelines and lack of infrastructure for deployment of clean energy solutions.
- Financial Challenges: Scaling up tech and innovation requires far more capital than what is currently available, limiting opportunities for commercialisation of products in the market.
- Regulatory Challenges: The deployment, scaling, and adoption of green energy technologies are often hindered by regulatory complexities and barriers.
- Supply-Demand Imbalance and Skill Building: Limited advocacy and incentivisation on the demand as well as supply side hinders the adoption of innovative clean energy solutions. Additionally, there is a need for skill building and mentorship support to businesses for scaling of projects.
To accelerate India’s progress towards its sustainability goals, we must deploy new strategies, models, and approaches driven by innovation.
India’s thriving startup ecosystem and growing clean energy industry provides an unparalleled opportunity to lead the way in devising innovative and effective solutions and getting closer to our sustainability targets
A platform to accelerate people-positive green energy transitions
ENTICE — Energy Transitions Innovation Challenge, an initiative powered by The Global Energy Alliance for People and Planet (GEAPP), is dedicated to incentivizing innovations at scale for energy transitions with Series A funding, market linkages and mentorship. Watch the video to learn more.
Member of Parliament; Former Minister of State for Finance, Government of India
Global Energy Alliance for People and Planet Board Chair
Senior Advisor, India Climate Collaborative
Chief of Staff, CQuest Capital; Former MD, Convergence Energy
Co-founder, SELCO India
Group Chief Public Affairs Officer and Executive Board Member, Mahindra Group
Founding Partner, Avaana Capital