Joint fund to support Indo-Pac start-ups

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.

Scroll to Top