India-Australia develop accelerator to help circular economy startups
circular economy design solutions and technologies specific to the needs of two countries to help them transition to a circular economy.
The new accelerator program, called Rapid Innovation and Startup Expansion (RISE), will be delivered virtually and free of cost, with a number of opportunities to travel between Australia and India, NITI Aayog said in a statement on Tuesday.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Senior Management ProgrammeVisit“Participating startups may also be eligible for up to Rs 40,00,000 non-equity grants,” it added.
The India Australia RISE Accelerator is delivered in partnership between CSIRO, Australia’s national science agency, and Atal Innovation Mission (AIM), India’s flagship initiative to promote a culture of innovation and entrepreneurship.
The circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible, thereby extending the life cycle of products and reducing waste to a minimum.
“RISE Accelerator stands as a pioneering multi-year bilateral program, uniquely crafted between India and Australia, dedicated to addressing the shared challenges of both economies,” Chintan Vaishnav, mission director, Atal Innovation Mission said.
“Focused on the overarching theme of environment and climate technology, RISE provides a platform for startups to innovate solutions that transcend global challenges,” Vaishnav added.
According to Tamara Ogilvie, CSIRO’s RISE Accelerator program director, the
