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With an aim to kick-start the ecosystem for water innovation and technology in India, IIM-Ahmedabad’s technology business incubator, Centre for Innovation Incubation and Entrepreneurship (CIIE), and Startup Oasis, along with the Rajasthan Industrial Development and Investment Corporation (RIICO), on Friday, announced the launch of India’s first accelerator.
Partners The program has been set up in partnership with Hindustan Unilever’s Pureit, Arghyam Foundation, Luminous Water Technologies’ Livpure, The World Bank’s Water and Sanitation Program, and the Asian Development Bank. CIIE, along with Startup Oasis, is now hosting a demo day for the accelerator in Jaipur on December 12.
The program selected 11 of the most promising organisations from India and provided them with tools, mentoring and access to industry experts over a four-month program.
These companies have since validated their prototypes and business models.
The demo day will witness eight of these start-ups demonstrating their solutions that could make a significant impact on the water sector in Rajasthan.
The State government has signed a Memorandum of Understanding (MoU) with CIIE, and is slated to attend the program with an eye on picking the most relevant companies and award their pilots.
“As part of the MoU, the government has agreed to support these companies in implementing and certifying their solutions,” said Nishesh Mehta, who is leading the programat CIIE, in a statement here.
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