Institute to launch fund for sustainable energy

The Indian Institute of Management, Ahmedabad (IIM-A) said it will launch the Indian Fund for Sustainable Energy (INFUSE) to support innovative and commercially viable ventures in clean energy. The fund is a joint project with the Ministry of New Renewable Energy (MNRE), Technology Development Board (TDB) and British Petroleum (BP). IIM-A’s Centre for Innovation Incubation and Entrepreneurship (CIIE) will manage INFUSE. “We shall support all innovative and commercially viable ventures in clean and green technology from across the country. It could be a grass root level innovation even,” Rakesh Basant, chairperson of CIIE of IIM-A, said. (August 24, 2011)