CIIE Initiatives, a non-profit company set up by the Indian Institute of Management, Ahmedabad's incubator-cum-angel investor, the Centre for Innovation, Incubation and Entrepreneurship (CIIE), is in talks with the central government and private organisations for establishing a renewable energy (RE) fund.
This will enable the firm, a wholly-owned subsidiary called CIIE Initiatives, to buy stakes in the companies that it incubates by investing its time and resources.
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