NRL & OIL organised first Start-up Investors’ Summit 2022

The objective of the Meet was to attract investors for start-ups from the North-East supported by NRL’s start-up initiative, iDEATION and OIL’s startup programme, SNEH.

NRL & OIL organised first Start-up Investors’ Summit 2022

New Delhi: Numaligarh Refinery Limited (NRL) and Oil India Limited (OIL) organised the first Start-up Investors’ Summit 2022 on 4th November at Guwahati. The objective of the Meet was to attract investors for start-ups from the North-East supported by NRL’s start-up initiative, iDEATION and OIL’s startup programme, SNEH.

The Summit was inaugurated by Joint Secretary (Refineries& Exploration), Ministry of Petroleum and Natural Gas (MoPNG), Shri Sunil Kumar who presided over as Chief Guest of the inaugural function which was also graced by MD NRL Shri Bhaskar Jyoti Phukan; Director (Finance) NRL Shri Indranil Mittra; Director (Operations) OIL Shri Pankaj Kumar Goswami; CMD NEDFi Shri P.V.S.L.N. Murty and many senior executives from Oil and Gas PSUs, Govt. officials, Venture Capitalists, Incubators, Accelerators, Angel Investors, Start-ups, entrepreneurs, industrialists and professionals.

The Summit commenced with felicitation of and addressing of the august gathering by the invited dignitaries, followed by the launch of NRL iDEATION Angel Fund with a corpus of Rs. 35 Crore for equity investment in Startups. Thereafter, the event also saw top 25 Start-ups from the North-East and other parts of the country (mainly supported by Oil and Gas PSUs) participating in a Start-up Elevator Pitch session, leading to an engaging panel discussion by the esteemed panellists.