India’s is going to have its very first international incubator in the capital city Delhi. The incubator is made to enhance clean energy and flourish research like, it’s a global initiative for entrepreneurs in the field of clean energy, the announcement was made by Harsh Vardhan the Union Science and technology minister.
The incubator is set at public- private tie up with investment of $5 million. This will also promote entrepreneurs and inventions chances in the field of clean energy. The opportunity is given under Mission Innovation countries local market is going to face the change.
The Mission Innovation is taking initiative by 22 countries and European Union to have exaggerated chance in the field of clean energy. Countries who are participating in the initiative have to reach c investment than their government’s clean energy research and development (R&D) in five years by including most likely private sector investment for the cause.
“All the 22 countries along with Delhi will come together and work for the welfare of clean energy research and development. India is lacking behind in the field of clean energy Innovation we had to find ways to get best results and with this collaboration the problem will vanish. There is a need to retain all the energies Fir future we are in race of loosing those but now the time has come to start thinking about future and also start doing for the cause. ” said Harsh Vardhan.
India’s name is among three countries who are participating to take utmost responsibility for representing the global initiative thought of innovation in clean energy. This will make the idea of clean energy Innovation to accelerate widely.
According to need we have already alloted $10 million for beneficial Innovations and $5 million for biofuels Innovations to promote clean energy said Harsh Vardhan.
Initially India has also done a ‘virtual clean energy centre’ in collaboration with UK and the joint ‘clean energy research and development centre’ for energy storage and smart Innovation in the US.
India’s department of science and technology has set up a centre for Clean Energy centre for renewable sources and sufficient storage on the track or off the track methods. Delhi Government had also announced to launch a startup on incubator which is going to be India’s largest startup on incubator till now.