Oil India earmarked startup fund to foster, nurture & incubate new ideas
In line with GOI’s initiative, the Company has set up Start-up Fund for extending technical and financial support to the Startups to grow through innovation.
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Oil India earmarked startup fund to foster, nurture & incubate new ideas
New Delhi: Oil India Limited has earmarked a startup fund to foster, nurture & incubate new ideas. The ‘Start-up India’, a flagship initiative of the Government of India, was launched on 16th January 2016. It is intended to build a strong ecosystem for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large-scale employment opportunities.
OIL has partnered with the Incubation Centres of IIT Guwahati, Guwahati Biotech Park & Gauhati University. In line with GOI’s initiative, the Company has set up Start-up Fund for extending technical and financial support to the Startups to grow through innovation.
To apply for the 7th Phase of the OIL Startup Scheme at www.oil-india.com/Fund.aspx.
The Company shall facilitate the community of Innovators & Entrepreneurs in pursuit of promising technology/ business processes, re-engineering ideas towards validated PoC by funding of Incubation ecosystem and intellectual mentoring.
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