IIM Calcutta Innovation Park (IIMCIP) has announced a Rs 50 crore fund dedicated to early-stage cleantech and sustainability startups.
According to a release, the fund will be used to support projects in waste-to-value, clean energy, climate resilience, and sustainable agriculture over the course of the next 12 to 18 months.
“The initiative marks a turning point in how India nurtures sustainability-led enterprises. Beyond capital, the program will provide startups with mentorship, market access, and partnerships with corporates and governments, creating a full-stack ecosystem to help them scale faster and deliver meaningful climate impact,” said Ajay Jain, Chairman of IIMCIP.
“The next major wave of innovation in India will come from cleantech and sustainability. For us, success is not just about creating unicorns, but about transforming lives and communities,” he added.
IIMCIP also announced its ‘Mission 2047’, which aims to change one billion lives by 2047, according to the release.
The roadmap includes catalysing entrepreneurship in underserved regions like the East and Northeast, scaling women-led businesses that have already produced more than 60 “Crorepati Didis,” and rolling out digital-first incubation programs to bring training and capital to entrepreneurs outside metro hubs.
“At IIMCIP, impact has always been our true measure of success,” stated Dr. Subhrangshu Sanyal, CEO. We have facilitated over Rs 2,000 crore in follow-on investments, funded over 130 businesses, and amassed a portfolio worth over Rs 8,000 crore in the last ten years.
We have witnessed a number of successful exits along the way, which shows how solid and developed our incubation process is. Our work has improved the lives of over 9.5 million people, scaled 450 rural businesses, and produced over 35,000 employment.
