MC² Foundation
India's flagship energy entrepreneurship platform (MC²+), an MoPNG initiative uniting seven energy-major PSUs to fund and incubate energy ventures.
MC² Foundation at a glance
| Address | India |
|---|---|
| Programmes | 1 standing programme |
| Official website | www.mc2plus.in |
Programs by MC² Foundation
1 past program · Filter all programs
Programmes they run
Standing programmes at MC² Foundation, separate from the funding calls above.
MC²+ Ignite
AcceleratorIndia's flagship energy innovation accelerator, offering funding and support to high-potential early-stage start-ups.
What you get, who can apply and how to applyHide details
Up to 50 lakh convertible funding plus up to 1.5 crore milestone-based funding for selected start-ups, supporting up to 30 high-potential early-stage start-ups across seven themes: AI-driven subsurface intelligence; next-gen drilling and well completion technologies; refinery process intensification and analysis; digital asset management; bioenergy with a focus on CBG; hydrogen and mobility; and other innovation in the energy sector. From start-up selection to pilot and procurement: mentoring support throughout the innovation journey, a pilot opportunity to test solutions in real operating environments, a pathway to procurement with an oil and gas PSU, and access to PSU, experts and ecosystem partners. Implementation partner: IIT Madras. Incubation partners: IIT Kanpur, Venture Center, C-CAMP and IIMA Ventures. Launching on 5 August 2026 — applications open, last date 31 August 2026.
Incubation tracks
The routes into MC² Foundation, and what each one includes.
| Track | Type | Space | Includes |
|---|---|---|---|
| MC²+ Fellows Entrepreneur-in-Residence track | Fellowship | — | — |
Labs & facilities
Equipment and space on campus.
R&D labs
Access via India's energy majors and research institutions
testing rigs
Access via India's energy majors and research institutions
fabrication workshops
Access via India's energy majors and research institutions
Support services
Help offered alongside funding and space.
News
- Six PSU energy majors’ MC² Foundation commits over ₹455 crore for startup innovationenergy.economictimes.indiatimes.com · 3 weeks ago
- MoPNG’s MC² foundation launches accelerator programme for oil and gas deep tech start-upsthehindubusinessline.com · 4 weeks ago
- MC² Foundation Launches Grand Butanol Challenge to Advance Indigenous Biofuel Technologies - energetica-india.netenergetica-india.net · last month
Source: Google News aggregated
About MC² Foundation
MC²+ is India's flagship energy innovation platform, uniting seven of the country's largest energy majors to carry ventures from the lab bench to industrial scale. It exists to catalyse Indian energy innovation and accelerate the country’s energy security and transition. MC²+ supports early-stage aspiring entrepreneurs, researchers with lab stage IP, and institutions, primarily in the energy sector. It offers shared access to R&D labs, testing rigs, fabrication workshops, and technical facilities across India's energy majors and research institutions. The platform provides mentorship, market access, and structured pathways to field pilots and procurement with energy majors, along with structured access to seed funding for early validation and scale-up capital.
Frequently asked questions about MC² Foundation
What does MC² Foundation do?
MC²+ is India's flagship energy innovation platform, uniting seven of the country's largest energy majors to carry ventures from the lab bench to industrial scale. It exists to catalyse Indian energy innovation and accelerate the country’s energy security and transition.
Where is MC² Foundation located?
MC² Foundation is based in India.
What programs does MC² Foundation run?
MC² Foundation runs MC²+ Ignite.
What facilities does MC² Foundation offer?
Incubatees also get access to R&D labs, testing rigs and fabrication workshops through its host institution.
Recommended grants & schemes
Other open programmes matching MC² Foundation's focus areas.
