Saturday, 22 February, 2025
The objective of the ‘Global Green Hydrogen Startup Challenge’ is to identify and support green hydrogen startups engaged in developing innovative, scalable and commercially viable solutions within the steel and transport sectors. This initiative will serve as a global platform for these start-ups to incubate and grow. The challenge will invite applications from eligible start-ups, and ~20 selected startups will receive seed grants along with strategic acceleration support.
About Global GH Start-Up Program
Green Hydrogen is a rapidly evolving field, with increasing interest from investors and governments across the globe. The objective of creating the start-up program is to support development and commercialization of innovative technologies and solutions that aim for Green Hydrogen deployment and adoption. GH start-ups require a significant upfront investment, so securing funding is a crucial step. The Global Start-Up Program on the portal will create a bridge between producers and investors in the sector, thereby accelerating investments and creating a pool of entrepreneurs in this space. The program will also help to build partnerships among companies and stakeholders including suppliers, manufacturers, and government agencies.
The program will provide GH start-ups with an opportunity to submit ideas, innovations, business models, and/or a strategy. Following application form submissions, a designated panel/steering committee of global experts will review proposed ideas and business plans, including focus areas, target customers, revenue streams, and marketing strategy. This plan will be crucial in securing funding and attracting potential buyers. There will be various stages for funding including R&D funds, pilots, early commercial development, and commercial viability stage..
Creation of Global Green Hydrogen Startup Library
As part of the first step towards launching this Program, ISA is creating a Global Startup Library. The library will give the existing startups an opportunity to get their companies registered/empaneled on this portal. All relevant GH startups would be housed in the library. Enlisting in this Library will entail several benefits for existing startups, such as: