CLIMATETECH On The Rise, But Hurdles Remain

Amidst all the euphoria that surrounds such innovations, it can be easy to forget the humbling and complex reality that subsumes the sector in India.

- SOUMYA DUGGAL

It is increasingly becoming less disputable that the top business opportunity of our age is climatetech, much like e-commerce ruled the 2000s and fintech dominated the 2010s. But amidst all the euphoria that surrounds such innovations, it can be easy to forget the humbling and complex reality that subsumes the sector in India.

"There is no dearth of great ideas in the climatetech space, but the number of ideas that survive beyond the first 24 months is very low. The valley of death is very profound in this sector. Mortality in this space is very high. Many innovations are less investible and more moonshot," says Anand Ganesh, COO, IIMB NSRCEL.