The Indian Government through the Ministry of New & Renewable Energy (MNRE) has launched a unique innovation challenge for startups aiming to increase rooftop solar installations and renewable energy adoption in India.
The initiative, done in collaboration with StartUp India and under the guidance of MNRE and National Institute of Solar Energy (NISE), seeks breakthrough solutions for the country's rooftop solar and distributed renewable energy ecosystem.
The challenge, named Innovative Projects Start-Up Challenge on Rooftop Solar (RTS) and Distributed Renewable Energy (DRE) Technologies, invites applications from Indian innovators focusing on renewable energy affordability, resilience, inclusivity, and environmental sustainability.
Startups in green tech, AI, Blockchain, energy hardware, IoT, construction, fintech, and waste management sectors are encouraged to apply.
The challenge offers a total prize pool of Rs 2.3 crore, with the first prize being Rs 1 crore, the second prize Rs 50 lakh, the third prize Rs 30 lakh, and ten consolation prizes of Rs 5 lakh each.
Winners will not only receive prize money but also incubation support, opportunities for pilot projects, and mentorship from experts and investors.
The deadline for submissions is August 20th, and the winners will be announced on September 10th.