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Consider the following statements regarding new accelerator Rapid Innovation and Startup Expansion (RISE):
- It is a joint initiative of India and Australia to support circular economy startups.
- It mainly focuses on climate smart agriculture, clean energy and climate smart mobility.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding new accelerator Rapid Inno...
Introduction:
The Rapid Innovation and Startup Expansion (RISE) accelerator is a joint initiative between India and Australia. It aims to support circular economy startups and focuses on various sectors such as climate smart agriculture, clean energy, and climate smart mobility.
Explanation:
Statement 1: It is a joint initiative of India and Australia to support circular economy startups.
This statement is correct. RISE accelerator is indeed a joint initiative between India and Australia. The two countries have come together to support and promote startups that are contributing to the circular economy. The circular economy is an economic system that aims to minimize waste and maximize resource efficiency by reusing, recycling, and regenerating materials and products.
Statement 2: It mainly focuses on climate smart agriculture, clean energy, and climate smart mobility.
This statement is also correct. RISE accelerator primarily focuses on three sectors: climate smart agriculture, clean energy, and climate smart mobility. Climate smart agriculture refers to sustainable agricultural practices that reduce greenhouse gas emissions, conserve water, and improve productivity. Clean energy includes renewable energy sources such as solar, wind, and hydropower. Climate smart mobility involves promoting sustainable and low-carbon transportation options like electric vehicles, public transportation, and cycling.
Conclusion:
In conclusion, both statements are correct. The Rapid Innovation and Startup Expansion (RISE) accelerator is a joint initiative between India and Australia to support circular economy startups. It mainly focuses on climate smart agriculture, clean energy, and climate smart mobility. This initiative reflects the commitment of both countries towards sustainable development and addressing environmental challenges.
The Rapid Innovation and Startup Expansion (RISE) accelerator is a joint initiative between India and Australia. It aims to support circular economy startups and focuses on various sectors such as climate smart agriculture, clean energy, and climate smart mobility.
Explanation:
Statement 1: It is a joint initiative of India and Australia to support circular economy startups.
This statement is correct. RISE accelerator is indeed a joint initiative between India and Australia. The two countries have come together to support and promote startups that are contributing to the circular economy. The circular economy is an economic system that aims to minimize waste and maximize resource efficiency by reusing, recycling, and regenerating materials and products.
Statement 2: It mainly focuses on climate smart agriculture, clean energy, and climate smart mobility.
This statement is also correct. RISE accelerator primarily focuses on three sectors: climate smart agriculture, clean energy, and climate smart mobility. Climate smart agriculture refers to sustainable agricultural practices that reduce greenhouse gas emissions, conserve water, and improve productivity. Clean energy includes renewable energy sources such as solar, wind, and hydropower. Climate smart mobility involves promoting sustainable and low-carbon transportation options like electric vehicles, public transportation, and cycling.
Conclusion:
In conclusion, both statements are correct. The Rapid Innovation and Startup Expansion (RISE) accelerator is a joint initiative between India and Australia to support circular economy startups. It mainly focuses on climate smart agriculture, clean energy, and climate smart mobility. This initiative reflects the commitment of both countries towards sustainable development and addressing environmental challenges.
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Community Answer
Consider the following statements regarding new accelerator Rapid Inno...
Recently, AIM, NITI Aayog launched a new accelerator called Rapid Innovation and Startup Expansion (RISE) to support Australian and Indian circular economy startups.
- The India Australia RISE Accelerator is delivered in partnership between CSIRO, Australia’s national science agency, and Atal Innovation Mission (AIM), the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship.
- This initiative focuses on startups and small to mid-sized enterprises (SMEs) in India and Australia working on circular economy technologies and solutions.
- Focus Themes: With a focus on Environment and Climate Technology, the program will be tailored to accelerate start-ups working on a range of areas:
- Climate Smart Agriculture
- Clean Energy
- Circular Economy and Waste Management
- Climate Smart Mobility
- Over the nine-month RISE Accelerator program will help startups navigate early steps in a new region, fast-track connections to the right partners, customers and talent, and build credibility to succeed in international markets.
- The accelerator, in its first round, will focus on supporting startups and SMEs working on technologies and solutions for the waste and circular economy
- Participating startups may also be eligible for up to INR 40,00,000 in non-equity grants.
- The future rounds of the accelerator will focus on climate smart agriculture, clean energy and climate smart mobility.
Hence both statements are correct.
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Consider the following statements regarding new accelerator Rapid Innovation and Startup Expansion (RISE): It is a joint initiative of India and Australia to support circular economy startups. It mainly focuses on climate smart agriculture, clean energy and climate smart mobility.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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