New Delhi, NFAPost:<\/strong> Government-owned oil and gas majors have established robust frameworks to incubate, mentor and fund innovative startups which is reflected in a total of 32 PSU-backed startups participating in the ongoing Startup Mahakumbh 2025 in the national Capital. <\/p>\n\n\n\n

ONGC\u2019s startup fund has seen a 450% growth in valuation over five years, with WellRx \u2014 its first oilfield startup under the Startup India Policy \u2014 expanding its energy solutions to over 120 countries.<\/p>\n\n\n\n

Downstream oil refining and marketing giant Indian Oil has funded 42 startups under its IndianOil Startup Scheme initiative, generating 86 intellectual properties and 635 jobs. Upstream oil exploration and production major Oil India supports deeptech ventures such as Caliche Private Limited, which specialises in biochemical sand influx control for oil wells, and Carbonation India Private Limited, which develops sustainable waste management solutions for the oil and gas sector.<\/p>\n\n\n\n

Downstream oil refining and marketing giant Indian Oil has funded 42 startups under its IndianOil Startup Scheme initiative, generating 86 intellectual properties and 635 jobs. Upstream oil exploration and production major Oil India supports deeptech ventures such as Caliche Private Limited, which specialises in biochemical sand influx control for oil wells, and Carbonation India Private Limited, which develops sustainable waste management solutions for the oil and gas sector.<\/p>\n\n\n\n

Expert participation from PSU officials added significant value to Startup Mahakumbh 2025, offering startups access to decades of industry experience and strategic insights. A total of 14 senior executives from leading PSU oil and gas companies shared their expertise on research monetisation, EV innovation, manufacturing integration, and mobility solutions.<\/p>\n\n\n\n

The ONGC chairman was part of the opening plenary session. ONGC Chairman Arun Singh emphasised the crucial role of startups in driving India\u2019s energy transition to achieve the goal of Net zero by 2070 during the inaugural day of Startup Mahakumbh in New Delhi.<\/p>\n\n\n\n

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“I urge all Startups to innovate to enhance efficiency and productivity for the oil and gas sector furthering the vision of Viksit Bharat,” said ONGC Chairman Arun Singh.<\/p>\n<\/blockquote>\n\n\n\n

Other sessions featured insights on investment strategies for electrification, policy incentives for EV innovation, acceleration of last-mile EV mobility etc. The event also hosted an incubation roundtable titled ‘From Lab to Market \u2013 Unlocking Research Monetisation,’ featuring senior executives from BPCL, ONGC, Oil India, and HPCL.<\/p>\n\n\n\n

Following the grand success of its inaugural edition, which was launched by Prime Minister Narendra Modi, Startup Mahakumbh 2025 is themed \u2018Startup India @ 2047: Unfolding the Bharat Story.\u2019 The event has expanded significantly, with over 3,000 startups from 11 thematic sectors participating alongside more than 1,000 investors and incubators, fostering an environment conducive to innovation and entrepreneurship. <\/p>\n\n\n\n

According to a statement issued by the Ministry of Petroleum and Natural Gas, other PSUs are also driving innovation. EIL\u2019s EngSUI initiative has supported 31 startups with Rs 35 crore, funding projects in industrial enzymes, compostable polymers, and carbon capture. HPCL\u2019s HP Udgam program has provided Rs 35 crore in seed funding to 29 startups, including Maraal Aerospace, which develops solar-powered long-range drones. <\/p>\n\n\n\n

BPCL\u2019s Ankur program has funded 30 startups with Rs 28 crore, helping them raise $132 million and achieve a cumulative valuation of $300 million. GAIL\u2019s Pankh initiative supports startups in energy, logistics, and industrial technology, with ventures showcasing solutions in pipeline repair, biogas generation, and sustainable materials. Through these sustained efforts the PSUs are fostering a technology-driven and sustainable energy ecosystem, empowering startups to lead India\u2019s energy transition and innovation landscape, the statement added.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi, NFAPost: Government-owned oil and gas majors have established robust frameworks to incubate, mentor and fund innovative startups which is reflected in a total of 32 PSU-backed startups participating in the ongoing Startup Mahakumbh 2025 in the national Capital. ONGC\u2019s startup fund has seen a 450% growth in valuation over five years, with WellRx […]<\/p>\n","protected":false},"author":2,"featured_media":2347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12],"tags":[236,516,517,515,497],"class_list":["post-2340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-innovation","tag-oil-gas","tag-power","tag-psu","tag-startup-mahakumbh"],"yoast_head":"\n