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Incubating Innovative Clean Tech Ventures – Private Sector Development
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Incubating Innovative Clean Tech Ventures – Private Sector Development
 

EUROPEAN UNION

 
 
 

Identifying and Incubating clean tech ventures is an important action implemented in the project. The programme organised a number of interactions with reputed universities and research organisations in order to identify clean technologies that could be supported in their commercialisation. TREC-STEP also placed advertisements in leading newspapers asking entrepreneurs with clean technology ideas to apply for support. Entrepreneurs who applied had their proposals shortlisted and then evaluated by a selection committee which focused on attributes like the innovativeness, the cleanness of the technology, its commercial viability, the suitability of its incubation at TREC-STEP, and the entrepreneurs experience and profile. Finally, five enterprises were chosen for seed fund support and incubation under the project.

Tungsten Carbide Reclamation:

Tungsten carbide is a very hard compound used extensively for making cutting tools. The compound is very expensive and is in great demand. Consequently, a lot of tungsten carbide scrap is invariably recycled. The chemical process that is used normally is expensive and polluting: it releases effluents and a lot of CO2 into the atmosphere. Aeyyes Tungsten came up with the idea of reclaiming tungsten carbide using a new ‘sequential thermo-mechanical process’. The process, is not only cheaper but also release less effluents and CO2. The venture started large scale production with the help of some seed fund and incubation support from TREC-STEP. The venture has patented its technology in many developed and developing countries.

Bio-mass Production for Power Plants:

Prosopis Juliflora is a small tree that grows extensively in India where it is known as Vilayati Babul. Estimates states that nearly 62.4 million tonnes of Juliflora cut wastes are burnt in the open air in India every year. These cut wastes are the small twigs that are discarded, after collecting the large stems. At present, there is no mechanism to collect and use this valuable biomass as a source of energy. Bharat Agro Product came up with a patented design of a ‘straw combine’. This machine is a tractor-mounted pulveriser capable of collecting and grinding Juliflora and other biomass wastes. The EU TREC-STEP BHEL CCT programme provided the support for them to design and fabricate their straw combine. Bharath Agro Products now sells this machine to farmers and young entrepreneurs in the state of Tamil Nadu
 

Novel Hollow Fiber Water Purification Systems for domestic and commercial applications:

AGalaxy Research Technologies has developed a new process for the production of hollow fibre membranes suitable for cost-effective water and gas purification. This technology has many advantages as it is more effective and reliable while being less expensive. Moreover, it has a lower environmental impact compared to its peers. This process can also be used in water purification for many industrial applications in sectors like textiles, electronics, food processing, pharmaceuticals and power plants. The venture has already entered the market with its products for water purification. It is currently in the process of patenting this unique filtration process

Indigenous Solar Energy Solutions:

Contura Solar aims to provide cost effective solar energy solutions specialising in photovoltaic technology. The venture has developed innovative solar roof tops; solar mobile generators; solar charging stations for electric vehicles and battery charging; and lighting and deep freezer systems for fishing trawlers. The enterprise has made presentations to the Neyveli Lignite Corporation for supplying solar products to their power plants.

Bio-fuel based fuel Additive:

The venture is producing innovative Bio-fuel based additive for petrol or diesel. The formulation, made from various plant oils, improves fuel economy and engine performance while controlling pollution. It has been tested and analysed by many research institutions. A number of studies have now shown that the fuel additive reduces smoke emission by around 75 percent, engine sound by 35 percent, and carbon compounds in the emitted smoke by 70%. The demand for the fuel additive has been growing and a network of over 30 agents now sells this product in different parts of Tamil Nadu.