{"id":20335,"date":"2025-04-05T09:49:40","date_gmt":"2025-04-05T04:19:40","guid":{"rendered":"https:\/\/asiannewsservice.in\/en\/?p=20335"},"modified":"2025-04-21T06:51:17","modified_gmt":"2025-04-21T01:21:17","slug":"mopng-drives-energy-innovation-with-strong-presence-at-startup-mahakumbh-2025","status":"publish","type":"post","link":"https:\/\/asiannewsservice.in\/en\/mopng-drives-energy-innovation-with-strong-presence-at-startup-mahakumbh-2025\/","title":{"rendered":"MoPNG Drives Energy Innovation with Strong Presence at Startup Mahakumbh 2025"},"content":{"rendered":"<p>Delhi, April 5<br \/>\nThe Ministry of Petroleum and Natural Gas (MoPNG) has actively participated in Startup Mahakumbh 2025, being held from April 3-5 at Bharat Mandapam, New Delhi.<\/p>\n<p>Oil and Gas PSUs have established robust frameworks to incubate, mentor, and fund innovative startups. A total of 32 PSU-backed startups are participating in Startup Mahakumbh 2025. ONGC\u2019s startup fund has seen a 450% growth in valuation over five years, with WellRx\u2014its first oilfield startup under the Startup India Policy\u2014expanding its energy solutions to over 120 countries. IndianOil has funded 42 startups under its IndS_UP initiative, generating 86 intellectual properties and 635 jobs. Oil India supports deeptech ventures such as Caliche Private Limited, which specializes in biochemical sand influx control for oil wells, and Carbonation India Private Limited, which develops sustainable waste management solutions for the oil and gas sector. <\/p>\n<p>Expert participation from PSU officials added significant value to Startup Mahakumbh 2025, offering startups access to decades of industry experience and strategic insights. A total of 14 senior executives from leading PSU oil and gas companies shared their expertise on research monetization, EV innovation, manufacturing integration, and mobility solutions. Chairman, ONGC was part of opening pleanary session. Other sessions featured insights  on investment strategies for electrification, policy incentives for EV innovation, acceleration of last-mile EV mobility etc.. The event also hosted an incubation roundtable titled \u201cFrom Lab to Market \u2013 Unlocking Research Monetization,\u201d featuring senior executives from BPCL, ONGC, Oil India, and HPCL. <\/p>\n<p>Following the grand success of its inaugural edition, which was graced by Prime Minister Shri Narendra Modi, Startup Mahakumbh 2025 is themed \u2018Startup India @ 2047: Unfolding the Bharat Story.\u2019 The event has expanded significantly, with over 3,000 startups from 11 thematic sectors participating alongside more than 1,000 investors and incubators, fostering an environment conducive to innovation and entrepreneurship. <\/p>\n<p>The Ministry of Petroleum and Natural Gas has consistently supported and recognized innovation, as demonstrated during India Energy Week 2025, held from 11th to 14th February at Yashobhoomi, Dwarka, Delhi. The \u2018Avinya\u201925 \u2013 Energy Startup Challenge\u2019 identified and rewarded startups making advancements in CO\u2082 capture, ESG solutions, and renewable energy. Additionally, the \u2018Vasudha \u2013 Oil and Gas Startup Challenge\u2019 recognized international startups pioneering AI-driven solutions in the upstream oil and gas sector.<\/p>\n<p>Other PSUs are also driving innovation. EIL\u2019s EngSUI initiative has supported 31 startups with \u20b935 crore, funding projects in industrial enzymes, compostable polymers, and carbon capture. HPCL\u2019s HP Udgam program has provided \u20b935 crore in seed funding to 29 startups, including Maraal Aerospace, which develops solar-powered long-range drones. BPCL\u2019s Ankur program has funded 30 startups with \u20b928 crore, helping them raise $132 million and achieve a cumulative valuation of $300 million. GAIL\u2019s Pankh initiative supports startups in energy, logistics, and industrial technology, with ventures showcasing solutions in pipeline repair, biogas generation, and sustainable materials. <\/p>\n<p>Through these sustained efforts, MoPNG and its PSUs are fostering a technology-driven and sustainable energy ecosystem, empowering startups to lead India\u2019s energy transition and innovation landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delhi, April 5 The Ministry of Petroleum and Natural Gas (MoPNG) has actively participated in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":73,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,36,2],"tags":[],"class_list":["post-20335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - 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