Indian Oil Corporation Limited (IndianOil)

IndS_UP (Indian Oil Startup Fund)

Faridabad, India

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About Indian Oil Corporation Limited (IndianOil)

IndianOil is India's largest oil and gas company, refining, distributing and marketing petroleum products.

How Indian Oil Corporation Limited (IndianOil) works with startups

IndS_UP is IndianOil's startup scheme, run through its R&D Centre in Faridabad with a revolving corpus fund, that incubates startups' technology and business-process ideas up to proof-of-concept stage with funding, mentoring and technical/testing support; selection is via the Indian Oil Open Innovation Challenge, with over 42 projects onboarded across 3 rounds to date.

Source: startupfund.indianoil.in

Areas of interest

Oil and gas technology
IoT and SaaS for hydrocarbons sector
Business process re-engineering
Environmental protection technology

Open calls

Standing invitation to apply via the Indian Oil Open Innovation Challenge, online portal only

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