News & Updates

Indian Oil Corporation Limited, India’s flagship oil major has embarked upon promoting innovation eco-system by providing Financial & Intellectual Support to Start-Ups in the Hydrocarbon domain, under IndianOil Start-Up Scheme.

Lead by IndianOil’s Research & Development Centre, based at Faridabad, the Pan-India StartUp Scheme aims to encourage Innovative Technology and Business process re-engineering ideas with significant business potential and societal impact.

Driven by IndianOil's Research & Development Centre based at Faridabad, the scheme will support projects that aim to establish innovative technology and business process re-engineering ideas with significant business potential, social relevance and focussed on environment-protection.

The scheme aims to support innovative ideas that have significant business potential, social relevance and/or are focussed on environment-protection. Further, such validated PoCs may be supported for commercialisation through equity participation.

Encouraged by the overwhelming response in Round-1, 2, IndianOil Start-Up Scheme Round 3 is now open w.e.f 10^th March, 2021, inviting applications / proposals through our online portal https://startupfund.indianoil.in from entrepreneurs who want to be Job creators and not Job seekers.

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