Standard Post with Image

Energy sector may get a boost after IIM-L MoU with TERI

<p>Indian Institute of Management-Lucknow&#39;s (IIM-L) Enterprise Incubation Centre or L-Incubator signed an MoU with The Energy Resource Institute (TERI) to nurture energy sector start-ups. The focus of the incubator is to help entrepreneurs with strategy, business plans and models, marketing and fund raising, said TERI director. India is currently at a very interesting stage of economic growth. Globally, technology has been used to disrupt traditional sectors very effectively. The story in India is no different.</p> <p>India&#39;s trademark jugaad, now known as &#39;frugal innovation&#39;, needs to be institutionalized to create social enterprises.TERI has sophisticated labs to carry out biotechnology research. It also has facilities to take products from lab-scale to pilot-scale and finally, to commercial-scale. This will be made available to entrepreneurs to build a social enterprise using biotechnology in the areas of energy and environment.</p>