The initiative aims to empower startups within the academic community to emerge in the deep-tech space, accelerating India’s Net Zero goal
Transition VC, collaborated with IEEE (The Institute of Electrical and Electronics Engineers, Inc.), to launch “Net Zero Warriors” initiative. The two organisations signed an MoU in Bengaluru on July 13th, marking a significant milestone in accelerating India’s net zero goal.
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.
Country-wide energy transition is a complex challenge with large-scale overhauls required across industries. Some of the examples of energy transitions include Decarbonisation of the Electricity Sector, Electrification of Transportation, Net Zero in Buildings & Industry, and the utility of new energies such as Green Hydrogen. Deep-tech is poised to function as a critical enabler to facilitate these large-scale implementations.
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. It will help inventive solutions and determined entrepreneurs through capital support and access to sector expertise and mentorship.
In addition, it will also enable the existing engineering businesses to diversify their conventional portfolio with opportunities in deep-tech including AI, Data Analytics, Robotics, Blockchain, Computational intelligence, and Cognitive Computing, among others. “Net Zero Warriors” 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.
