BioCompute gets Rs 3.1 Mn climate entrepreneurship grant
ECONOMY & POLICY

BioCompute gets Rs 3.1 Mn climate entrepreneurship grant

At the SusCrunch 2024 event hosted by the Sustainability Mafia (SusMafia), BioCompute, a firm harnessing DNA for data storage to reduce emissions from data centres, earned India's highest non-equity climate entrepreneurship grant of Rs 31 lakh. According to a statement from the organisers, the "Big Pie" grant, which is being jointly provided by SusMafia and the Pilani Innovation and Entrepreneurship Development Society, intends to advance BioCompute in the worldwide battle against climate change.

Pitch sessions from ten other Indian climate action firms that are profitable and prepared to expand their solutions were held during the government-backed and private sector-supported conference.

Priya Shah, general partner at Theia Ventures, stated that their aim was to catalyse $100 million in investments into Indian climate tech startups by 2030 on behalf of individual and angel syndicate investors. She mentioned this during Theia Ventures' role as the investment partner for SusCrunch 2024.

At the event, Gagan Agarwal, founder of Planet Electric, introduced high-performance electric trucks, and Kuldeep Jain, founder and managing director of CleanMax, provided insights into the development of a large renewable energy company in India.

The summit also celebrated the graduation of the first cohort of SusVentures, a SusMafia programme in collaboration with the Birla Institute of Technology and Science (BITS Pilani), where early-stage climate entrepreneurs receive mentoring. In the inaugural batch, 48 student entrepreneurs from BITS campuses established 14 startups in sectors such as circular economy, energy efficiency, and electric vehicles. The event featured presentations from five student startups mentored by SusMafia: AgriVolt (focused on agri-voltaics for industries), Positive Zero (developing software for sustainable fashion brands), JouleLess (creating wireless IoT devices), and SwiLato (an app aimed at reducing vehicle emissions).

At the SusCrunch 2024 event hosted by the Sustainability Mafia (SusMafia), BioCompute, a firm harnessing DNA for data storage to reduce emissions from data centres, earned India's highest non-equity climate entrepreneurship grant of Rs 31 lakh. According to a statement from the organisers, the Big Pie grant, which is being jointly provided by SusMafia and the Pilani Innovation and Entrepreneurship Development Society, intends to advance BioCompute in the worldwide battle against climate change. Pitch sessions from ten other Indian climate action firms that are profitable and prepared to expand their solutions were held during the government-backed and private sector-supported conference. Priya Shah, general partner at Theia Ventures, stated that their aim was to catalyse $100 million in investments into Indian climate tech startups by 2030 on behalf of individual and angel syndicate investors. She mentioned this during Theia Ventures' role as the investment partner for SusCrunch 2024. At the event, Gagan Agarwal, founder of Planet Electric, introduced high-performance electric trucks, and Kuldeep Jain, founder and managing director of CleanMax, provided insights into the development of a large renewable energy company in India. The summit also celebrated the graduation of the first cohort of SusVentures, a SusMafia programme in collaboration with the Birla Institute of Technology and Science (BITS Pilani), where early-stage climate entrepreneurs receive mentoring. In the inaugural batch, 48 student entrepreneurs from BITS campuses established 14 startups in sectors such as circular economy, energy efficiency, and electric vehicles. The event featured presentations from five student startups mentored by SusMafia: AgriVolt (focused on agri-voltaics for industries), Positive Zero (developing software for sustainable fashion brands), JouleLess (creating wireless IoT devices), and SwiLato (an app aimed at reducing vehicle emissions).

Next Story
Infrastructure Urban

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Next Story
Real Estate

KPIL secures new orders worth Rs 22.73 billion

Kalpataru Projects International Limited (KPIL), along with its Joint Ventures (JVs) and international subsidiaries, secured new orders and notifications of awards amounting to Rs.2,273 Crores. The details of these new orders include: - Orders in the Transmission & Distribution (T&D) business in India and overseas markets. - Residential building projects in India. Manish Mohnot, the Managing Director & CEO of KPIL, expressed delight over the continuous inflow of orders, noting that their order book continues to grow, with significant traction in the T&D business, especially..

Next Story
Building Material

NMDC Steel Q2 loss expands to Rs 5.95 bn, income at Rs 15.35 bn

NMDC Steel announced on Tuesday that its loss had widened to Rs 595.37 crore in the September quarter, primarily due to a surge in expenses. The company had reported a loss of Rs 131.10 crore during the same period last year, according to an exchange filing. The company’s total income increased to Rs 1,535.46 crore, up from Rs 290.27 crore a year earlier. However, NMDC Steel's expenses escalated to Rs 2,364.39 crore in the second quarter of the current fiscal year, compared to Rs 464.93 crore in the corresponding period of the previous year. NMDC Steel Ltd, which was demerged from the mi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000