IIM Calcutta Innovation Park Unveils Rs 50 Crore Fund for Cleantech & Sustainability Startups
- Rs 50 crore fund to back startups in clean energy, climate resilience, sustainable agriculture, and waste-to-value.
- Mission 2047: Aiming to impact 1 billion lives and scale women-led and rural entrepreneurship.
- Over 130 startups funded, Rs 2,000+ crore in follow-on investments, and 35,000+ jobs created to date.
IIM Calcutta Innovation Park (IIMCIP) has launched a Rs 50 crore fund to accelerate early-stage cleantech and sustainability startups across India. The investment will be deployed over the next 12 to 18 months to support innovations in clean energy, climate resilience, sustainable agriculture, and waste-to-value technologies.
Ajay Jain, Chairman of IIMCIP, emphasized that this initiative goes beyond funding:
“The program will also provide mentorship, market access, and partnerships with corporates and governments, creating a full-stack ecosystem to help startups scale faster and drive meaningful climate impact.”
He added that cleantech and sustainability represent the next big wave of innovation in India:
“Through this fund, we aim to back entrepreneurs who can deliver both economic growth and climate outcomes. Our vision of success is not just about creating unicorns, but transforming communities and lives on the path to Viksit Bharat @2047.”
Alongside the fund, IIMCIP unveiled Mission 2047 - A Social Unicorn, with the ambitious goal of impacting 1 billion lives by 2047. The roadmap includes fostering entrepreneurship in underserved regions like the East and Northeast, empowering women-led ventures already producing over 60 “Crorepati Didis” and scaling digital-first incubation programs to reach entrepreneurs outside metro hubs.
Dr. Subhrangshu Sanyal, CEO of IIMCIP, highlighted the incubator’s impact over the past decade:
Funded 130+ startups,
Enabled Rs 2,000+ crore in follow-on investments,
Built a portfolio valued at Rs 8,000+ crore,
Generated 35,000+ jobs,
Scaled 450 rural enterprises, and
Positively impacted 9.5 million lives.
“For us, impact has always been the true measure of success. Our journey proves that India’s startup nation is not confined to metros it thrives equally in Guwahati, Ranchi, Bhubaneswar, and every small town where entrepreneurial dreams take root,” Jain concluded.
