The United States-India Science & Technology Endowment Fund (USISTEF) has partnered with Social Alpha and has declared to call for Ignition Grants titled Technology-based Energy Solutions: Innovations for Net Zero to select and support new technologies that address climate change and clean energy challenges.
The Program was formally launched by the USISTEF Co-Chairs, Sanjeev Varshney, Adviser & Head, International Bilateral Cooperation, Department of Science & Technology, Government of India and John Speaks, Minister Counselor for Energy, Environment, Science and Technology (Acting), U.S. Embassy, New Delhi.
In his remarks, Varshney highlighted the spirit of entrepreneurship and said “The role of collaboration in Science and technology to deliver innovative solutions to address a global challenge is appreciable. A good demonstrable technology innovation to address a specific challenge in the focus areas having commercial viability is expected under the partnership of IUSSTF with Social Alpha”. Speaks remarked “USISTEF’s new initiative targeting innovations for net-zero is another example of the robust U.S.-India Comprehensive Global Strategic Partnership. It shows the United States and India working together to trigger the development of new joint clean energy technologies to address the urgent climate crisis”.
Speaking of the Ignition Grants Progam, Manoj Kumar, Founder & CEO, Social Alpha, said, “Breakthrough technologies can accelerate the planet’s transition to net-zero emissions. However, they need institutional support for solution development, pilots and deployment. We have to grow the innovation pipeline at an unprecedented pace and invest heavily to reduce green premiums on critical clean technologies and attract entrepreneurial talent to create new markets and industries. This is the only way we can transition to Net Zero while making sure everyone has access to clean, affordable and reliable energy.” Nandini Kannan, Executive Secretary USISTEF and Executive Director IUSSTF said “Achieving the ambitious climate and clean energy goals laid out in the U.S. India 2030 Partnership requires the creation of an ecosystem that fosters and supports S&T-based innovation, and encourages partnerships. Technology-based Energy Solutions: Innovations for Net Zero is a Call to Action, urging the Entrepreneur and Research communities in India and the United States to come together and develop transformative solutions to tackle critical climate and sustainability challenges.”
The “Technology-based Energy Solutions: Innovations for Net Zero” program addresses the pressing need for solutions that leverage cutting-edge, disruptive clean energy technologies to accelerate progress toward net-zero.
A panel of experts discussed the critical role of stakeholders, including Industry, Academia, financial institutions, Government Agencies, Policies and Foundations, in the development of an enabling ecosystem to address clean energy and sustainability challenges.
Speakers included Seema Paul, Program Director, Sequoia Climate Fund, Prashanth Prakash, Founding Partner, Accel, Praveer Sinha, CEO, Tata Power and William Tumas, Associate Laboratory Director, National Renewable Energy Laboratory.