“Start-up India” is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing Start-ups in India. The vision of the Government is to energize the “Start-Up” revolution in India. (http://startupindia.gov.in)
ONGC joins the mission and endeavors to provide support to worthy Ideas, innovation, products and processes, through funding, incubation support and nurturing. On 14th August 2016, the Diamond Jubilee, ONGC launched a Start-Up Fund of Rs 100 crore, to take the mission forward.
ONGC Start-up Vision
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.
ONGC Start-up Mission
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.