SICCI - Climate Solver+ Seminar

SICCI - Climate Solver+ Seminar

In its latest report, entitled ‘Strides to Success’ : A profile of successful innovators and active investors in the cleantech space’, WWF dwells upon a few innovators who have managed to establish themselves in the climate innovation ecosystem. In addition, the report also covers investors, both institutional, as well as foreign, including commercial banks, international and regional donors, venture capitalists, corporate investors and so on.

The report was launched yesterday at the Climate Solver regional workshop, ‘Climate Solver+ : Accelerating Cleantech Innovation in the SME sector in India’, organized by WWF-India, in partnership with The Southern India Chamber of Commerce and Industry (SICCI), in Chennai.

This is one amongst a series of regional workshops held every year, as part of the expanded WWF-India’s Climate Solver+ initiative, reaching out to cleantech entrepreneurs working on sustainable energy solutions, to enhance the outreach and scope of the platform.

Speaking in the inaugural session, Mr. R. Ganapathi, President, SICCI remarked, “Our ability to mitigate the impact of climate change depends partly on global action to fight climate change. But it also depends on what actions the government takes to fight climate change, and to invest in climate mitigation efforts. No doubt, India is moving ahead aggressively on low-carbon technologies. In this context what WWF is doing is certainly commendable. Taking all the efforts to identify cleantech innovations among the SME community and recognizing them appropriately is quite a herculean task and we are happy to note that WWF is committed to this.”

Padma Shri Dr. Ashok Jhunjhunwala, In-charge IITM Incubation Cell & IITM Research Park, in his keynote address talked about the roadmap and the need for innovation in the roll out of e-vehicles in India by 2020.

Holistically analysing the clean technology innovation landscape in India, Dr T.S. Panwar, Director, Climate Change & Energy, WWF-India said, “There is need to strengthen the cleantech innovation ecosystem with increased partnerships and networking opportunities amongst various ecosystem stakeholders. Platforms like Climate Solver facilitate global outreach and networking amongst the various orchestrators in the innovation space”

The workshop included representation from government, venture capitalists, incubation centres, SMEs, universities, financial institutions, industry associations and other ecosystem stakeholders from the southern region.

Climate Solver - WWF’s global innovation platform, recognizes transformative innovations in technology and business models that substantially contribute towards mitigating climate change and enhancing clean energy access. Over the last six years, the India chapter of this platform has recognized 19 promising innovators and conferred the Climate Solver award to them. WWF-India is currently inviting applications from innovative SMEs for the seventh edition of the Climate Solver Awards.

The report showcases interesting case studies, wherein innovators have made compelling value propositions with sound financial plans, backed by robust business models, compelling investors to invest in these companies.

According to Ravi Singh, Secretary General and CEO,WWF-India, “Climate Solver initiative has endeavoured to accelerate the development and use of low-carbon technologies in India through multiple channels, including knowledge products. The report, Strides to Success, provides a comprehensive knowledge resource for aspiring entrepreneurs, showcasing successful innovators and active financiers in the climate innovation ecosystem.”