Technip Energies India – Venture Center CSR Collaboration aims to support entrepreneurs / start ups working on technologies with potential social impact.
Under its Corporate Social Responsibility activities Technip Energies India has provided funding for implementing technologies with potential social impact relating to Environment & Sustainability at Venture Centre. This collaboration was launched in F.Y. 2021-2022.
Objective: To identify and support science/technology based ideas which helps in creating a cleaner and greener environment by reducing carbon emissions
Scope
Technip Energies India CSR Grant will enable an entrepreneur / startup to implement / deploy certified product or solution (ready to market) to address social needs in the following focus areas of Environmental Sustainability.
1) Circular Economy ( Resource recycling leading to reduced air / water / land pollution )
2) Carbon capture, utilization & storage
3) Reducing carbon foot print
4) Clean Energy leading to Net Zero Emissions
Without limiting scope unduly, the projects and technology entrepreneurs chosen shall be:
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Enterprise’s offerings are innovative and commercially viable
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Enterprise’s should have a quantifiable performance indicators of that relates to above mentioned focus areas( viz. X Metric tons of carbon emissions sequestrated)
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Preference will be given to
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first generation entrepreneurs
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women entrepreneurs(with more than 50% women representation in their board or founded by women)
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enterprise with credible past record of such validated technology/product development
Monitoring and reporting
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Venture Center shall constitute a Program Oversight Committee (POC) for selection of grantees and to oversee the implemenation of the project.
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The scope and extent of support to the grantee shall be decided on a case-to-case basis by POC
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The Project Leader shall periodically review projects and report the progress to the POC