IIT Madras announces top 30 teams of Carbon Zero Challenge 2022
Selected teams to undergo a 6-month training to build prototype of an environment-friendly technology, identify customers and develop a viable business model for commercialisation of their innovation.
Indian Institute of Technology (IIT) Madras announced the top 30 teams of the Carbon Zero Challenge (CZC) 2022, an all-India eco-innovation and entrepreneurship competition.
These teams will undergo six months of training at the institute on building prototypes of environment-friendly technologies, identifying customers, and sustainability and developing a viable business model for commercialisation of their innovations.
Carbon Zero Challenge 2022
The CZC 2022 aims to support young minds to innovate and create start-ups in the environment domain to solve major challenges with respect to five natural resources water, energy, air, soil, and materials/solid waste. The previous editions of the competition have supported 50 teams in the last two rounds and many have become successful start-ups.
The competition received 750 registrations across India in five thematic areas out of which 30 were shortlisted. After their six-month training, the top five teams will be declared CZC 2022 winners and will get INR 10 lakh as a start-up seed grant and continued support from IIT Madras such as access to IITM incubation resources and Angel and VC funding.
Addressing the event, Gagandeep Singh Bedi, Commissioner, Chennai Corporation, said, “In the last few years, Greater Chennai Corporation has replaced most of the diesel waste collection vehicles into battery-operated vehicles. At about 5,200 such vehicles, we are among the civic bodies in the country with the largest number of electric vehicles.”
The TAURI Centre for Circularity and Sustainability of Entities was also inaugurated on the occasion. It will take up activities for capacity building of industries, communities and campuses for sustainability. An end-to-end portal called ‘REVALTRAC Portal’ to receive, evaluate and track the progress of start-up ideas was also launched on the occasion.
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