Second edition of carbon zero challenge, an initiative aimed at encouraging environmental entrepreneurs and startups has begun
The second Edition of carbon zero challenge (CZeroC), has attracted participants from all over the country. More than 850 registrations from students, start-ups and entrepreneurs besides educational institutions have been received so far for CZeroC 2019, a Green Business Idea Contest pioneered by Indian Institute of Technology Madras in collaboration with Virtusa and Shaastra 2019.
Financial and mentor support
What sets CZeroC 2019 from other initiatives is that it not only seeks innovative ideas but additionally supports the best performing teams to build working prototypes by providing them financial and mentor support and helps them to take their technology to the market by helping them set up start-ups. The winning teams will get connected to IIT Madras Incubation Cell or equivalent and get a start-up support fund.
Prof. Ashok Jhunjhunwala, IIT Madras and Advisor to Carbon Zero Challenge 2018 emphasized that the innovation must not stop just in the ideation phase but must be materialized for all practical purposes.
He said, If and when the products out of carbon zero challenge emerge to become something that can be manufactured and commercialized, there is enough help available in the country to support the teams with entrepreneurship, either with IIT Madras Incubation Cell or other incubators in the country.
Affordable and indigenous technology
The Industrial Waste Management Association (IWMA) is organising partner and YouNoodle is technology partner. The last date to apply for this contest is July 22, 2018. CZeroC 2019 was launched at IIT Madras on June 5 2018, to commemorate the World Environment Day 2018.
Speaking about the importance of this National Contest, Carbon Zero Challenge Principal Coordinator Prof of IIT Madras, said that they have traditionally imported technology for environmental protection that has not been India-centric, which often results in failure or not being cost-effective. There is a need to develop affordable, indigenous technology which requires less energy and chemicals and produces less waste and more recoverable material, he said.