ONGC Start-up Fund

To foster, nurture and incubate new ideas in energy sector

Rs 100 crore Start-up fund launched on 14 August 2016, ONGC's Diamond Jubilee
MoU with Society For Innovation & Entrepreneurship (SINE), IIT Bombay
Support chain covers seed capital, hand-holding, mentoring, market linkage and follow-ups

AIF

Overview

About ONGC Start-up Fund

ONGC has launched a Rs 100 crore Start-up fund on its Diamond Jubilee year to foster, nurture and incubate new ideas related to oil and gas sector. The initiative, christened as 'ONGC Start-up', is in line with the Govt. of India's initiative 'Start-up India'. As part of this initiative, ONGC will provide the entire support chain for start-ups including seed capital, hand-holding, mentoring, market linkage and follow-ups. The aim of 'ONGC Start-up' is to increase the contribution of fresh implementable ideas in the oil and gas sector.

Investment philosophy

Build a sustainable eco-system to foster strategic research, innovation, enhance productivity, improve efficiency and to find solutions to problems by supporting ideas in products and processes through synergizing national participation by start-ups in our area of business. The mission is to support, incubate and foster start-ups in energy sector. ONGC intends to nurture and incubate new ideas related to energy sector to create an entrepreneurial mind set and fresh thinking amongst employees, stakeholders and public for revitalizing corporate culture. The industry and technology is progressing at a very rapid pace and it is imperative for ONGC to keep abreast with the latest technology. ONGC also intends to tie up with the academic institutions to develop the best technological solutions in the interest areas of ONGC and the nation. The ONGC Startup Program will support young entrepreneurs through the early stages of their development in the Energy Sector.

AIF funds1

ONGC Start-Up Fund

Registered 2019

Cat I1 in team

Team1

Anurag Sharma

SEBI Contact Person, ONGC Start-Up Fund

Anurag Sharma is the SEBI-registered contact person for the ONGC Start-Up Fund. He is an ONGC employee and can be reached at sharma_anurag@ongc.co.in.

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

ONGC Start-up Fund

Overview

About ONGC Start-up Fund

Investment philosophy

AIF funds1

Team1

Live

Funds

Community

Company