Calcutta: IIM Calcutta Innovation Park (IIMCIP) has launched a Rs 50 crore fund to support early-stage startups focused on cleantech and sustainability. The fund, which will be deployed over the next 12 to 18 months, will back ventures work in clean energy, sustainable agriculture, climate resilience, and waste-to-value technologies. According to Ajay Jain, Chairman of IIMCIP, the initiative is intended to build a full-stack ecosystem that combines capital with mentorship, corporate and government partnerships, and market access, enabling startups to scale while delivering measurable climate impact. He added that cleantech and sustainability are likely to drive India’s next major wave of innovation, and the fund will support entrepreneurs across the country in contributing to both economic growth and climate action.
The incubator has also outlined its long-term Mission 2047 – A Social Unicorn, aimed at impacting one billion lives by 2047. As part of this roadmap, IIMCIP will focus on catalysing entrepreneurship in underserved regions such as the East and Northeast, strengthening women-led businesses, and introducing digital-first incubation programs to expand training and funding access beyond metropolitan hubs. Dr. Subhrangshu Sanyal, CEO of IIMCIP, said the incubator has already supported more than 130 startups, facilitated over Rs 2,000 crore in follow-on investments, and created over 35,000 jobs in the past decade. With a current portfolio valued at over Rs 8,000 crore, he noted that the organisation’s efforts have scaled rural enterprises, fostered profitable exits, and impacted nearly 9.5 million lives, positioning the new fund as a continuation of this strategy.
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