PACEsetter Fund programme

About:

• Constituted by: India and the USA.
  
  
• Constituted in: 2015. 
  
  
• Objective: It is a joint fund to provide early-stage grant funding to accelerate the commercialization of innovative off-grid clean energy products, systems, and business models.
  
  
• Features: The Fund's main purpose is to improve the viability of off-grid renewable energy businesses that sell small scale (under 1 megawatt) clean energy systems to individuals and communities without access to grid connected power or with limited/intermittent access (less than 8 hours per day).