HPCL Startup Fund

HPCL Announces Startup Fund

The Start-up scheme of Hindustan Petroleum Corporation Limited (HPCL), 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.

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.

Focus Area

  • Alternate Usages of Petroleum Products, Lubes & Base Oils.

  • Automation / Robotics – LPG, Retail, Refineries.

  • Business Analytics including IOT.

  • Business process / re-engineering software / IT related and logistics related development.

  • Cashless payments solution – Retail.

  • Cost Optimization solution – Storage / Logistics / Usage / Packaging.

  • Cross country pipelines security & safety.

  • Customer Loyalty Program

  • Development of device for cracks / leak detection in pipelines.

  • Gas/ liquid leak detection and protection system.

  • Improved Asset Utilization.

  • Innovative scheme for zero effluent in refineries.

  • Innovative storage solution – Energy, Petroleum Products, Lubes, Base Oils.

  • Inventory Management – Petroleum Products, Lubes, Base Oils.

  • Light weight LPG cylinders for improved safety standards.

  • Low cost fuel quality monitoring and onsite detection device/s.

  • Low Cost Model for Waste to Energy.

  • Low cost on-site lube condition monitoring techniques.

  • Low cost process for desalination of sea water.

  • Low cost synthetic Lube base stocks Polyalpha Olefins (PAOs) / Esters and friction modifiers.

  • Lube Packaging.

  • Manufacturing of biofuels including Ethanol.

  • Manufacturing of Nano Materials/Catalysts.

  • Non-fuel business model for Retail Networks / LPG.

  • Portable bio-toilets for Retail Outlets.

  • Replacing the heat source in refineries by renewables.

  • Secured Digital Marketing solution.

  • Significant reduction in emissions.

  • Waste disposal.

  • Other open areas related to petroleum refining, marketing and alternate energy.

Application Process

  • The applicant needs to submit the application online by registering and logging-on to the HPCL Start-up Portal http://startup.hpcl.co.in/. The applications shall only be accepted online.

  • Applicants are advised to provide sufficient details in their applications to allow for an informed and fair evaluation / review. Applicants are advised to provide self-contained proposals with essential supporting materials provided as uploads.

Source: http://startup.hpcl.co.in/HPCLStartup/

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