YES Bank launched its ‘YES Scale’, a cleantech accelerator platform. The bank is collaborating with the ministry of new and renewable energy to help startups working in the fields of energy efficiency, waste management, and water management. The bank will offer affiliated startups access to technology, mentorship, funding, and market entry. Such startups can receive up to Rs 2 million as a pilot grant or for proof of concept. Rana Kapoor, MD and CEO of the bank, said this effort is in line with the bank’s vision since inception – which was to cater to the ‘sunrise sectors of India’s economy’ using knowledge banking to deliver impactful ecosystem solutions. The program will focus on multiple sectors like smart cities, clean technology, agricultural technology, life sciences technology, educational technology, etc.
