Bangobarta Bureau
IIM Calcutta Innovation Park (IIMCIP) has launched a Rs 50 crore fund to support early-stage startups focused on cleantech and sustainability. The fund, which will be deployed over the next 12 to 18 months, will target ventures in areas like clean energy, climate resilience, sustainable agriculture, and waste-to-value technologies.
Beyond just providing capital, the program will offer a comprehensive ecosystem of support, including mentorship, market access, and strategic partnerships with corporations and governments. According to Ajay Jain, Chairman of IIMCIP, this initiative aims to prove that India’s innovation ecosystem extends beyond major metropolitan areas, supporting entrepreneurs across the country to deliver both economic growth and climate impact.
IIMCIP also announced its “Mission 2047 – A Social Unicorn” with the goal of impacting 1 billion lives by 2047. The mission’s strategy includes promoting entrepreneurship in underserved regions, scaling women-led businesses, and using digital programs to provide training and capital to entrepreneurs in non-metro areas.
Dr. Subhrangshu Sanyal, CEO of IIMCIP, highlighted the organization’s decade of impact, noting it has funded over 130 startups, enabled over Rs 2,000 crore in follow-on investments, and built a portfolio valued at more than Rs 8,000 crore. These efforts have resulted in the creation of over 35,000 jobs and have positively impacted more than 9.5 million people.
