ONGC inks MoU with SINE incubator housed in IIT Bombay and launches “ONGC Start-up” website
19 Dec 2016
ONGC, IIT Bombay and Society of Innovation and Entrepreneurship (SINE), entered into a MoU on 7th December, 2016 at New Delhi, during Petrotech, 2016 The MoU was signed by Shri D. K. Sarraf, Chairman & Managing Director ONGC and Dr. Devang Khakar, Director IIT Bombay in the august presence of Shri Nitin Gadkari, Hon’ble Minister for Road Transport and Highways, Shri Dharmendra Pradhan, Hon’ble Minister of State (I/C), Petroleum & Natural Gas, Shri Piyush Goyal, Hon’ble Minister of State (I/C), Power, Coal, New and Renewable Energy and Mines and Shri Anil Madhav Dave, Hon’ble Minister of State (I/C) Environment, Forest and Climate Change.
As a sequel to the “Startup India” initiative launched by the Hon’ble Prime Minister of India on January 16, 2016, On its Diamond Jubilee foundation day, ONGC launched the “ONGC Startup Fund” of Rs 100 cr on 14.08.2016.
This MoU shall enable ONGC to make use of the startup ecosystem of SINE of IIT Bombay to set its own “Startup India” initiative on the roll and nurture and incubate entrepreneurs with new ideas in energy sector. On the same occasion, ONGC’s Start Up website “startup.ongc.co.in” was launched by Shri Dharmendra Pradhan, Hon’ble Minister of State (I/C) Petroleum & Natural Gas to receive ideas and proposals from startups.
Dharmendra Pradhan. Hon’ble, Minister of State (I/C) Petroleum & Natural Gas launching ONGC’s Start-Up website.
This interactive website contains all relevant information like procedure, focus, methodology and contact details of ONGC Startup Cell. The website provides a unique opportunity and platform for entrepreneurs, who have ideas in Energy Sector, to share their ideas proposals with ONGC through “Apply Now” area of the website.
The INDEG team of ONGC, under the stewardship of Shri D. K. Sarraf, CMD and Shri Shashi Shanker, Director (T&FS) formalized the tie-up with IIT Bombay and launch of the website. The team stands by to receive credible proposals from the Start Ups as well as suggestions of ONGCians to promote the ONGC Startup Initiative.