Startups Key for Climate Tech Innovation, but Funding Opportunities Limited beyond EV and Energy

Yourstory.com | 15 December 2023

Startups have the potential to spearhead innovation in the climate tech sector, particularly on the software and tech side, said Ankit Jain, Co-founder and CEO of StepChange, an ESG management and reporting platform.

With ESG (environmental, social, and governance) goals a top priority for large corporations, tracking emissions, sustainability initiatives, and environmental impact is integral to business strategies. A lack of platforms for these tasks creates an opportunity for startups to innovate in environmental and sustainability reporting, said Jain, during a panel discussion at TechSparks Delhi, the first edition of YourStory's flagship startup-tech event in the capital city.

Jain, who held leadership positions at Ola and Ola Electric before launching StepChange, acknowledged that a lot of crucial problem areas within the climate tech domain remain unsolved by startups, and a lack of talent and education are to be blamed for it.