Assistance to low-carbon innovation
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- Assistance to low-carbon innovation
Support for low-carbon innovation through start-ups involves helping emerging businesses that create and apply technologies, products, or services aimed at reducing carbon emissions and fostering sustainability. VIT offers assistance in various forms such as financial backing, mentorship, resource access, networking opportunities, and government policies that promote affordable and clean energy. VIT supports this activity through its Technology Business Incubator.
ABOUT VIT-TECHNOLOGY BUSINESS INCUBATOR (VIT-TBI)
Incorporated in 2003, VITTBI is a Not-for-Profit Society that helps technology startups with all the necessary resources to evolve and grow as a mature business. VITTBI had its humble beginnings with the support from the Department of Science and Technology (DST), Ministry of S&T, Govt. of India. Today, VITTBI is a multi-stakeholder organization extending access to knowledge, funding, infrastructure, mentoring and network to innovative technology startups through its active programs supported by DST, BIRAC (BioNEST) and MeitY (TIDE 2.0).
FUNDING
VIT-TBI has constituted 5 different Grant & Seed Support Systems for Start-up companies like the DST NIDHI PRAYAS, DST NIDHI EiR, DST NIDHI SEED, BIRAC SEED & MeitY EIR/PoC/Scaleup funds, These schemes enable VITTBI to offer early stage financial support for deserving ideas / technologies while support is extended to startups requiring funds for upscaling and related work as well. VITTBI in association with DANA Foundation and extends CSR grants to deserving startups that have a social impact. VITTBI startups have raised grants from Rs. 2.00 lakhs to Rs. 25.00 lakhs from DANA. VIT-TBI has created a pool of investors who provide capital for tech start-ups, usually in exchange for convertible debt or ownership equity.
The WARER Energy incubatee explaining the vehicle operation to the Pro Vice Chancellor of INTI International University, Malaysia.
One such start-up which received funding, mentorship, resource access and few other benefits from VIT is WARAR ENERGY. With their (WARER ENERGY) innovative and insightful technology, they strive to enhance their users’ everyday experiences. Founded in 2020, the incredible team of engineers, programmers, designers, and marketing experts have worked tirelessly to bring WARAR ENERGY to the forefront of the industry.
Sample Pictures related to the product developed by WARER Energy with the funding support from VIT is given for your view.
GET IN TOUCH
Office in VIT: evs@wararenergy.com | #TT002A, Technology Tower, VIT, Vellore, Tamil Nadu 632014, India | 9944375576
Registered Office: #215A,Manager Narasimman St, Palavan Chattu, Vellore – 632002 / GST No: 33AADFW6965F1ZY
R&D Office: #TT002A, Technology Tower VIT, Vellore, Tamil Nadu 632014, India
Future Factory: Plot#S65, Sipcot Industrial Complex, Phase-III Automotive Engineering SEZ, Near Ampere EV Factory, Ranipet – 632405
Marketing & After Service Office: Pondicherry Engg Colleage, AIC-PECF, Kalapet Pondicherry 605014
Other Start-Ups and Companies in line with Low Carbon Innovation:
1. Wattz Automotive Private Limited
Electric vehicle with on board power generation
2. Shri Vishaal V
Innovative Methodologies and higher efficiency cathode material production from Li battery waste
3. Microbear Applied Sciences Private Limited
Creating IC packaging ceramic material from coal fly-ash
CO2 Research Centre Activity
CO2 Research centre has developed an engine that runs on carbon dioxide gas. This engine is hybridized with a diesel engine and is being assembled in a vehicle for demonstration and technology developmental studies. The successful demonstration will help in the mitigation of CO2 towards reducing its adverse effects on global temperatures and climatic changes.
CO2 is one of the important supercritical absorption solvents suggested for extraction of essential oils and concentrates. The equipment developed in this laboratory is used for extraction of vegetable oil from oil seeds and the absorption of CO2 in hydro carbon fuels to improve the combustion efficiency. All the pressure parameters and temperature parameters can be varied depending upon the systems requirement. The unit has also been provided with a data acquisition system for better research potential.
