BANGALORE: With the wait for jobs getting longer, the number of B-school graduates turning to start-ups is also increasing. A first-year student at IIM Bangalore launched a start-up called NextGen this year which deals in clean technology.
NextGen recently bagged clean technology projects from the ministry of renewable energy and Yes Bank and companies like Intel, Infosys, MindTree, and now boasts of presence in Singapore and Portugal.
“There is a lot of pressure on companies to go green and reduce the carbon footprint. We are now working on a biogas plant based on food wastes to produce fuel. IISc is helping us in this and we are setting up a pilot project in BITS Pilani and on the Intel campus,” said the 22-year-old student. “Although the primary objective is to make money, there is also the need to create sustainable sources of energy for rural areas.”
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