"The two entrepreneurs -- Oorja Energy Engineering Pvt Ltd and Boond Engineering Services Pvt Ltd -- have been conferred with WWF-India's Climate Solver award under the GHG Reduction and Energy Access category, respectively," a WWF statement said.
Climate Solver is a global innovation platform that encourages innovations in technology and business models that contribute towards mitigating climate change and enhancing energy access through their economic growth.
WWF's Climate Solver platform first began in Sweden in 2008 and has now expanded to China, South Africa and India.
"Climate Solver platform complements the efforts by the government to provide momentum to the innovation ecosystem in the country.
"Through this platform, we have been showcasing some of the best innovations emerging from the SME sector that are scalable and have tremendous scope for mitigating carbon emissions and enhancing energy access to people living in remote and rural areas," said Ravi Singh CEO, WWF-India.
Speaking at the event, Stefan Henningsson, Senior Adviser, Climate Innovation, WWF, Sweden, said that though there is a relatively high public research and development expenditure in the Indian market, one cannot see as many Indian cleantech entrepreneurs being listed on the stock market.
"Thus, the need for expansion finance for our Indian entrepreneurs is an issue of Indian competitiveness as well as the global emissions reduction," he said.