Transition VC, T-Hub, and IEEE sign MoU to launch India’s first Energy Transition-focused Startup Accelerator program
The first cohort of the accelerator aims to support four to five startups, while it will expand its support to seven to eight startups in following cohorts.
Hyderabad: Transition VC, India’s first energy transition-focused venture capital fund, has signed an MoU with T-Hub and IEEE (Institute of Electrical and Electronics Engineers) to launch the country’s first energy transition-focused Startup Accelerator Program.
The first cohort of the accelerator aims to support four to five startups, while it will expand its support to seven to eight startups in following cohorts. The application process for the accelerator will be announced by soon, a press release said.
Hyderabad-based T-Hub will function as the Innovation Execution Partner under this collaboration, and play a key role in structuring and executing the Accelerator Program, while also helping startups with R&D and product prototyping.
Transition VC will be instrumental as the Funding and Market Access Partner, ensuring that startups receive the financial support, market resources, and mentorship needed for commercialisation and growth. Similarly, IEEE will serve as the Knowledge Partner, providing founders and their teams with academic support, access to technical domain experts, skill training, and university network.
This strategic partnership addresses the comprehensive incubation required for deep-tech startups, empowering them with an all-round support, the release added.
