The IIM-Calcutta Innovation Park (IIMCIP) has announced the launch of a dedicated INR 50 crore fund to support early-stage cleantech and sustainability ventures. The fund will be deployed over the next 12 to 18 months to back startups working in areas such as clean energy, climate resilience, sustainable agriculture, and waste-to-value solutions.
According to IIMCIP Chairman Ajay Jain, the initiative represents a significant step in how India nurtures sustainability-driven enterprises. He emphasized that beyond financial support, the programme will provide mentorship, market access, and opportunities for collaboration with corporates and governments, thereby building a comprehensive ecosystem for growth. Jain further highlighted that the vision of the fund extends beyond business outcomes, aiming to foster innovations that transform lives and communities.
As part of the announcement, IIMCIP also unveiled ‘Mission 2047,’ a long-term roadmap with the goal of positively impacting one billion lives by India’s centenary year of independence. The mission will focus on expanding women and rural entrepreneurship, strengthening ecosystems in underserved regions such as eastern and northeastern India, and mobilizing larger investment pools from CSR, philanthropy, and private investors.
Subhrangshu Sanyal, CEO of IIMCIP, described the fund as a natural progression of the organization’s work over the past decade. He noted that IIMCIP has already supported more than 130 startups, facilitated over INR 2,000 crore in follow-on investments, and built a portfolio valued at over INR 8,000 crore.
Since its inception in 2014, IIMCIP has mentored more than 2,000 startups and seed-funded over 130 ventures, including notable names such as agri-services platform Dehaat and medical AI startup 5C Network. With the new fund, IIMCIP aims to further accelerate India’s cleantech and sustainability-driven innovation landscape.
