The ICIC will act as a hub that supports enhanced coordination within India’s innovation system, helping entrepreneurs to access the full range of support required to help them identify, develop and commercialize new climate technologies. The ICIC will address the needs of entrepreneurs and new ventures launching and scaling innovative cleantech products and services in India. The Center aims to generate tangible green growth benefits by helping deploy technologies that address climate change and energy security challenges, while creating needed skilled jobs. The ICIC will focus on a number of priority cleantech sectors in India including water management and purification, energy efficiency, climate smart agriculture, solar power, and transportation technologies. As part of a network of CICs, the ICIC will be a high-visibility organization that will attract attention from international organizations, regional bodies, governments, investors, multi-national corporations, and others.
The India CIC will be closely aligned with another World Bank managed project, the Facility for Low Carbon Technology Deployment (FLCTD). This project is focused on technology development and deployment in energy efficiency areas. The FLCTD will be implemented by the Technology Development Board, closely affiliated to the above-mentioned NSTEDB.