Joint fund to support Indo-Pac start-ups
Joint fund to support Indo-Pac start-ups
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La Excellence IAS Academy | March 19, 2024 | International Relations
Syllabus: GS-II Subject: International Relations Topic: Agreements involving India and/or affecting India’s interests, Issue: Indo Pacific
Context: India and France plan to launch a fund to support startups and climate-focused innovations in the Indo-Pacific region.
Synopsis:
- Projects likely to be funded in the Western Indian Ocean and broader Indo-Pacific.
- This initiative stems from the Indo-Pacific Triangular Cooperation (IPTDC)
| The Indo-Pacific Triangular Cooperation Fund (IPTDC) ;:
✔ Collaboration between India and France to support climate and SDG-focused innovations and start-ups in the Indo-Pacific. ✔ Aim to scale up green technologies in the region through Triangular Development Cooperation(India, France and third country in the Indo Pacific). ✔ Provides transparent funding alternatives to innovators and is a key aspect of the India-EU Connectivity Partnership. |
Source: Mint
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