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Udgam - HPCL Startup Initiative

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.




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Objective of Scheme

  • 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.




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Nature of Projects

Supported for Funding

  • 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.




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Nature of Projects

Not Supported for Funding

  • 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.