Transition VC Signs MoU with IEEE to Launch Net Zero Warriors Initiative
The breakthrough initiative aims to empower start-ups within the academic community to emerge in the deep-tech space, accelerating India's net zero goal.
July 15, 2023. By Anurima Mondal
Under this initiative, Transition VC and IEEE’s structured teamwork will empower a multitude of start-ups, originating from the academic community and young professionals alike, to provide deep-tech solutions across transitioning sectors.
‘Net Zero Warriors’ sets out to address the dual concern of environmental preservation and economic growth, in keeping with India’s energy security requirements. India's economic trajectory necessitates a threefold increase in per capita primary energy consumption by 2047. Therefore, decarbonisation becomes imperative, given India’s commitment to achieving net zero by 2070.
Through ‘Net Zero Warriors’, Transition VC and IEEE have set up an indicative roadmap envisioned for four key stakeholders: engineering students, start-ups, MSME industry, and the IEEE Standards Association (IEEE SA). The initiative will increase awareness of deep-tech opportunities and motivate young engineers and entrepreneurs to take up a variety of innovation challenges, with clear scalable commercialisation objectives.
The initiative will foster a platform where all the stakeholders in India’s energy transition journey can contribute towards the development of new standards/regulations, as well as provide key policy recommendations.
Commenting on the initiative, Mustafa Wajid, Co-founder & General Partner of Transition VC said, “The battles against climate change are many. The ‘Net Zero Warriors’ program by IEEE & powered by Transition Venture Capital is focused on enabling young engineers, professionals, academicians, startups, entrepreneurs, investors to participate in such battles and create large value. The next generation of unicorns shall emerge from the winners of these battles.”
“IEEE’s mission is to advance technology for the benefit of humanity. Today the world faces its largest modern-day threat—climate change. We recognize this global crisis and are committed to helping combat and mitigate the effects of climate change through pragmatic and accessible technical solutions and providing engineers and technologists with a neutral space for discussion and action,” added Srikanth Chandrasekaran, Senior Director, IEEE India Operations.
please contact: contact@energetica-india.net.
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