OmniActive Foundation Launches Climate Tech Acceleration Program

OmniActive Foundation Launches Climate Tech Acceleration Program

Climate Tech Acceleration Program

OmniActive Improving Lives Foundation has unveiled the Climate Tech & Sustainability Acceleration Program, a significant step toward fostering innovation and sustainability in the agricultural sector. This groundbreaking initiative, funded by OmniActive Health Technologies in collaboration with Bioriidl – India’s First DIY Biolab & a Bioincubator, rigidly Somaiya Vidyavihar (Research Innovation Incubation Design Laboratory Foundation), aims to empower prototype-ready startups to address critical challenges in domains such as Clean Energy, Horticulture, Materials, Food & Agriculture, Circular Economy, Supply Chain, and Nutraceuticals. With paid pilot opportunities and funding of up to INR 20 Lakhs, the program seeks to drive impactful solutions towards a more sustainable future.

The agricultural industry in India, valued at over INR 80,000 Billion as of 2022, presents immense potential for innovation and modernization. However, AgriTech startups face challenges, including fragmented supply chains, limited technology adoption, and the urgent need for climate-resilient solutions. Recognizing the pivotal role of startups in driving innovation and transforming the agricultural sector, the Climate Tech & Sustainability Acceleration Program aims to provide a platform for startups to address critical challenges and revolutionize the industry.

Key Program Highlights

  1. Financial Support: Startups participating in the program can receive financial support of up to INR 20 Lakhs, enabling them to scale their impact in the Sustainability domain.
  2. Paid Pilot Opportunities: Selected startups will engage in paid pilots, leveraging industry expertise and resources for real-world applications, accelerating their journey toward success.
  3. Partner Credits: Access to partner credits valued at INR 95 lakhs+ facilitates strategic collaborations and accelerated growth for participating startups.
  4. Marketing & GTM Support: The program offers curated workshops, labs, market support, mentorship, grants & funds, investor connections, and various resources designed to accelerate the startups’ journey.

Fostering Innovation for a Sustainable Future

Bhavna Pandya, Head of Bioriidl & Innovation Catalyst at riidl Somaiya Vidyavihar, expressed the program’s commitment to fostering innovation that drives positive social impact for the environment and society. The initiative aims to reimagine farming by encouraging startups to build cutting-edge solutions using world-class infrastructure and agri ecosystems, paving the way towards a sustainable future.

Sanjaya Mariwala, CEO of OmniActive Health Technologies, highlighted the importance of bridging the gap between startups and farms through paid pilot options, aligning with the vision of Atma Nirbhar Bharat. Rushva Parihar, Head of Improving Lives Foundation, emphasized the program’s role in supporting innovation that positively impacts rural communities, driving change in agriculture and sustainability.

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