IITH startup wins Rs 2.5 crore funding under ANIC programme

HYDERABAD: AIC-IIITH’s social startup Jivoule Biofuels, a Hyderabad-based green energy firm, has been selected for Rs 2.5 crore in funding by NITI Aayog under the Atal New India Challenge (ANIC), a flagship programme of the Atal Innovation Mission (AIM).

Jivoule Biofuels will split the funding with Verdant Impact, a Jaipur-based animal husbandry platform. The funds will be distributed once the startups have successfully completed the due diligence procedure.

 A big part of achieving UN Sustainable Development Goals (UN SDGs) also included supporting People with Disabilities. Recognizing the efforts of AIC-IIITH in supporting disabled people, SunQulp Tech has been selected for a grant of Rs 50 lakh from the Biotech Ignition Grant (BIG), the largest early-stage biotech funding programme in India. BIG is the flagship programme of the Biotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology.