ONGC Start-Up Initiative (ONGC Start-Up Fund)
A programme by ONGC Start-Up Fund
ONGC's in-house start-up programme for energy and oil-and-gas ideas, with seed capital, mentoring and market linkage, taken in numbered selection rounds.
At a glance
| Best for | Energy-sector start-ups with an oil-and-gas or energy product, process or idea that are not individuals, proprietorships, partnerships, LLPs, public limited companies or not-for-profits. |
|---|
About ONGC Start-Up Initiative (ONGC Start-Up Fund)
ONGC runs this programme from its New Delhi head office to foster, nurture and incubate new ideas related to the oil and gas sector. Applications are collected in numbered selection rounds, and no round is shown as open at the time of this check.
What you get
- Seed capital, hand-holding, mentoring, market linkage and follow-ups, described by ONGC as its support chain.
- Whether the money is equity, a grant or something else is not stated on the site.
Who can apply
- Start-ups from the energy sector with a product, process or idea related to oil and gas.
- Not-for-profit start-ups are excluded, and so are businesses formed by splitting up or reconstructing an existing business.
- Individuals, proprietorship firms, partnership or LLP firms and public limited companies are not eligible.
How selection works: ONGC evaluates applications and sets a first cut-off. Shortlisted start-ups then present their business plan to a Steering Committee. Selected start-ups go through due diligence and finalise term sheets and a Joint Incubation and Investment Programme Agreement.
How to apply: Fill in the online form on the Apply Now page when a round is open. All fields are mandatory, the form cannot be saved, and you upload a presentation in ONGC's format as a PDF. Applications can also reach ONGC through an Innovation Challenge. Questions go to startupenquiry@ongc.co.in.