DPIIT signs MoU with GEAPP for Climate-Tech Entrepreneurship in India

Current Context: On May 17, 2025, the Department for Promotion of Industry and Internal Trade (DPIIT) signed a Memorandum of Understanding (MoU) with the Global Energy Alliance for People and Planet (GEAPP) in New Delhi.

Key Highlights

• Objective: Support clean energy startups through funding, mentorship, pilot projects, and market access.
• ENTICE Challenge: GEAPP launched the Energy Transitions Innovation Challenge (ENTICE), offering up to $500,000 for impactful climate-tech solutions.
• Investment Support: Facilitated through Spectrum Impact and Avana Capital, ensuring scalability for startups.
• Startup India Integration: DPIIT will link the initiative to Startup India, expanding outreach via government schemes.
• Leadership Remarks: Sanjiv, Joint Secretary, DPIIT, emphasized India’s climate leadership and the need for strong entrepreneurship.

Question:

Q.1 What is the main objective of the MoU signed between DPIIT and GEAPP on May 17, 2025?
a) Promote tourism in India
b) Support clean energy startups
c) Regulate foreign direct investment
d) Develop rural infrastructure

Answer: b) The MoU aims to support clean energy startups through funding, mentorship, pilot projects, and market access, highlighting India’s push toward green energy solutions.