Alstom launches incubation program to support startups in sustainable mobility

1 min read

Alstom has teamed up with NSRCEL, the start-up hub at the Indian Institute of Management Bangalore (IIM Bangalore), to launch the Sustainability Incubation Program to support companies in early revenue stages develop sustainable mobility solutions.

According to Alstom, the program will support start-ups facilitate the development, scale-up, and market penetration of technology solutions that replace high-emitting, energy-hungry and non-recyclable incumbents.

The program will be selecting innovations in the areas of sustainable mobility, last-mile connectivity, sustainable logistics and supply chain, green buildings, consumption management, agriculture and farming equipment, upcycling and recycling, and waste management.

Olivier Loison, managing director at Alstom India said, “Alstom’s ambition is to accelerate innovation in sustainable mobility and move the world closer towards clean and green transport. This vision is driving some of our CSR investments in the country. Our partnership with NSRCEL-IIMB will help us identify and nurture virtuous partnerships, accelerate local development and support inspiring and transformative projects.”

“Entrepreneurs have become the driving force for innovation and adoption in the sustainability space. Through the program, we ultimately look to equip entrepreneurs with the potential to catalyze the development of more sustainable and inclusive societies through their innovative solutions. With Alstom, we wish to nurture mobility solutions that provide the sustainable foundations for the future,” added Anand Sri Ganesh, COO at NSRCEL.

The applicants will be shortlisted based on their ideas’ viability and the suggested solution to the problem proposed. The shortlisted ventures will be selected for a pre-incubation program, which will help the startups build a foundation through reinforcement of business fundamentals and need-based mentoring.

In the next phase, the shortlisted ventures will enter a six-month incubation program based on their prototypes and their pitches presented to the screening committee.

The program is specifically designed to facilitate knowledge and expertise among ventures in the sustainability space by equipping them with the capability to analyze their product market fit for multiple contexts. The program will offer interactive capacity-building workshops, contextual mentorship, and ecosystem networks to the startups. 

The program’s content is tailored to meet the individual needs of each startup participating in the program. During the program, the startups will receive guidance on maneuvering the ecosystem, policy, and regulations. A funding grant corpus of Rs. 1.5 crores has been earmarked to support startups with the highest potential to create impact.