Workshop on creating an innovation ecosystem for Start Ups

01 Dec 2016

‘Start-Up India’ initiative was launched by the Hon’ble Prime Minister of India on January 16, 2016. The initiative aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive for growth of Start-ups. A workshop on creating an innovation ecosystem for Start Ups in the oil and gas sector was organized by ONGC on behalf of Ministry of Petroleum & Natural Gas on 28 November, 2016.

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Dignitaries at the Inaugral Session

Additional Secretary MoPNG, Mr Ajay Sawhney in his welcome address briefly explained the purpose of organizing the workshop. Mr Dharmendra Pradhan, Minister of State (Independent Charge), Petroleum and Natural Gas was the Chief Guest on the occasion. Mr Amitabh Kant CEO, NITI Aayog delivered the Keynote Address.  The workshop was attended by the CEOs and officers of the Oil and Gas companies and the officers of the Ministry of Petroleum and Natural Gas.

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Distinguished guests in the audience

Hon’ble Minister in his address mentioned that the government has a vision of a stronger and progressive India. Initiatives of Swachh Bharat, Make in India, Digital India, Skill India, and Smart City, are a fertile ground for entrepreneurs to showcase their innovativeness. Energy is a binding factor for all. With the growing demand for energy in development envisaged through these initiatives the Start Ups giving us innovative solutions in the field of energy are a need of the hour. This workshop in this context, as I believe, must give deeper insights to how we can kindle the creation and growth of Startups in our Oil & Gas sector.

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Hon’ble Minister delivering his address

Hon’ble Minister said that the startup initiative intends to give new dimension to oil & gas sector. He mentioned that this sector is full of innovation and ideas and with the support of industry, academia and policy makers a conducive ecosystem can be created for promoting startups in the country. The Hon’ble minister expressed his happiness on the allocation of about Rs 350 crore by oil & gas PSUs for the startup initiative. He commended ONGC for taking a lead and announcing a Rs 100 crore Start up fund in its Diamond Jubilee year on 14 of august 2016.

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Distinguished guests in the audience

CEO, NITI Aayog, Mr Amitabh Kant in his Keynote Address complimented the Ministry of Petroleum & Natural Gas for being the first Ministry to take up the startup initiative in its own sector. He mentioned that oil & gas sector needs disruption, technological breakthrough and it should unleash young dynamic people to break status quo and bring solutions for challenges faced in the sector. He encouraged the Industry, PSUs and institutions to support entrepreneurs for the risks they would face in their oil & gas startups.

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CEO, NITI Aayog delivering the Keynote Address

Secretary P&NG Mr K D Tripathi, highlighted the importance of participation of industry and academia for handholding of startups, he also stated that a conducive ecosystem is more so important for desired successes in oil and gas mini enterprises that shall emerge through this initiative of MoPNG and its PSUs.

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Secretary P&NG in his speech highlighted the importance of Start Ups

CMD, ONGC Mr D K Sarraf, mentioned that oil & gas sector has technology challenges and needs solutions for exploration and production in frontiers areas such as high pressure and temperature. He mentioned that these challenges open up scope for innovation and technology startups in the sector. He indicated that ONGC initially shall join hands with institutions already engaged in promoting startups and gradually take up promoting start-ups on its own.

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CMD, ONGC in his address outlined the plan of ONGC Start Up Initiative

Prof Wali from IIT Delhi, Prof Atrey from IIT Bombay, Mr. Sanjay Sethi CEO Shopclues, Mr. Abhishek from 91springboard and 12 start-Ups companies (DeTect Technologies, Planys Technologies, Delonex Energy, Sunkalp Energy, Prometheon Energy, Mobinet Technologies, Leaf Wearables, Corseco Tech, Karma Healthcare, Gesture Research and  Knowlarity) shared their experiences, and their journey from cradling the idea from thoughts to proof of concepts and successful commercialization. The energy sector startups ranged from small E&P companies to engineers who had taken solutions of heat capture and remote non-destructive evaluation to acceptable and commercial scale in a competitive scenario of the industry.

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Panel 1 discussions with MD FITT, IIT Delhi in Chair
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Sanjay Sethi, CEO Shopclues sharing his success story
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Panel 2 discussions with Head SINE, IIT Bombay in Chair
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Additional Secretary, MoPNG summing up the proceedings

Summing up the deliberations of the workshop Additional Secretary, MoPNG, Mr Ajay Sawhney, mentioned that the Oil & Gas sector startup initiative is unique, with big oil & gas companies like ONGC planning to extend support to tiny enterprises, and promoting them to bring solutions for the sector. He thanked ONGC for organizing the workshop for the roll out of the joint PSU-Ministry initiative to the visionary call of the Prime Minister for “Startup India”.

 

The Workshop was first of its kind and was successful in bringing together young entrepreneurs; oil PSUs and Policy Makers together. One of the main agendas of the Workshop was to increase oil PSUs involvement in Indian start-up ecosystem to facilitate investments, connections and collaborations in near future.

 

The Workshop was organized on behalf of Ministry of Petroleum & Natural Gas by INDEG under the guidance of Director (T&FS), ONGC on 28 November, 2016.