Udgam is a program to enable innovators and entrepreneurs pursue a promising idea, establish and validate proof of concept (POC) and support commercialization. HPCL wishes to help innovators and entrepreneurs or projects having established proof of concept (POC) to eventual commercialization / implementation.
To support and fund projects in the area of primary energy and hydrocarbon sector that aim to pursue an innovative idea, by promoting the creation of new Startups / early Startups and establishing or validating proof of concept (POC) leading to commercialization / business development.
To support innovators and entrepreneurs or projects having established proof of concept (POC) with commercial potential to eventual commercialization / implementation.
Projects that propose a process / product innovation with significant potential impact or commercial potential.
Projects with clear technology objectives.
Projects focused on establishing or validating proof-of-concept for an innovative idea.
Projects aimed at technology de-risking i.e. reducing uncertainties in the technology.
Projects focused on generating and providing the scientific data needed to demonstrate an idea to potential licensors/ investors, etc.
Innovative ideas present or future, allied / ancillary areas of business areas which are of relevance to HPCL's line of business / petroleum industry / future areas of the industry.
Basic / exploratory research projects that aim to demonstrate scientific principles, techniques, etc. without technology commercialization objectives.
Projects with no plan to convert ideas into saleable (implementable) technology / products / services.
Projects with no element of novelty or innovation.
Projects with serious ethical and EHS risks.
Projects which are not in line with the Objectives of Startup India scheme.
Funding under this scheme cannot be used to support PhD student research or any other academic research. This grant is not a research fellowship.
Projects which have received funding for the same objectives from other companies.
Projects which are of Pure R&D in nature with no potential for commercialization.
Projects which are not connected to the nature of HPCL business or allied services.