Energy Transitions Innovation Challenge – ENTICE
Powered by Global Energy Alliance for People and Planet
To accelerate India’s progress towards its sustainability goals, we must deploy new strategies, models, and approaches driven by innovation.
India’s thriving startup ecosystem and growing clean energy industry provides an unparalleled opportunity to lead the way in devising innovative and effective solutions and getting closer to our sustainability targets.
Applications for ENTICE 3.0 are closed
ENTICE 3.0 Rewards
Up to USD 100,000 in milestone-based catalytic funding through a convertible instrument, designed to support both pilot implementation and long-term growth
New for ENTICE 3.0: Our updated funding model
As ENTICE evolves, so does the way we support innovators. Winners selected for ENTICE 3.0 will receive up to USD 100,000 in catalytic funding through a convertible instrument to support the development, pilot implementation, and scale-up of their solution.
A convertible instrument is a form of patient philanthropic capital that enables GEA to support innovators today while retaining the option to participate in their future success as an equity investor. The funding remains milestone-based and is tied to agreed project outcomes with utility, with the same focus on impact and accountability as previous ENTICE cohorts.
If your company raises follow-on financing, GEA may choose to convert its investment into a passive minority equity stake under mutually agreed terms. If GEA does not exercise this option, there is no repayment obligation. This updated approach enables GEA to build long-term partnerships with innovators while creating a more sustainable model for supporting innovation across the grid-tech ecosystem.
Why did we choose a convertible instrument instead of a pure grant?
- Long-term partnership: A convertible instrument reflects GEA’s commitment to supporting innovators beyond the pilot phase, enabling a long-term partnership as your company grows.
- Greater market and investor confidence: GEA’s participation signals confidence in your technology, business model, and team – strengthening investor confidence and supporting future fundraising.
- Facilitating future investment: Our participation creates a bridge to future investment rounds by connecting innovators with GEA’s broader ecosystem of investors, partners, and industry stakeholders.
- Building a stronger innovation ecosystem: By supporting successful ENTICE companies as long-term portfolio partners, GEA can recycle potential future returns into future ENTICE cohorts, allowing philanthropic capital to work beyond a single funding cycle for innovators.
Please note: The detailed terms of the convertible instrument will be discussed with selected winners during the partnership process and tailored to the stage and financing profile of each company.
Deployment opportunity with BSES Rajdhani Power Limited (BRPL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL)
Funding consideration by investment partners, subject to due diligence
Mentorship and networking opportunities
FROM INNOVATION CHALLENGE TO SYSTEMS PLATFORM: How ENTICE connects clean-energy innovators with India’s energy ecosystemENTICE Impact Showcase
Deployment of solutions in partnerships with DISCOMs