NRDC MoA with IOCL for the Implementation of IOCL Startup Scheme


Dr. H. Purushotham Chairman & Managing Director, National Research Development Corporation (NRDC), an Enterprise of the Department of Scientific & Industrial Research, Ministry of Science & Technology, Govt. of India, New Delhi signed MoA with Indian Oil Corporation Limited, Faridabad.

IOCL created a revolving fund of Rs.30 Crores for each round of investment. In the first round 11 startups were funded and implemented by NRDC.  IOCL signed the MoA with NRDC again for the second found of investments in the IOCL startup scheme wherein about 17 startups were identified.  Under this MoA NRDC provides incubation support.

The MoA signed by Dr. H Purushotham, CMD, NRDC and Dr. SSV Ramakumar Director, IOCL during the glittering inaugural function of NRDC Innovate India – 2019 on 30th March, 2019 at EDII, Ahmedabad in presence of Chief Guest, Dr.V.K. Saraswat, Hon’ble Member, NITI Aayog; Dr. Anju Sharma IAS, Principal Secretary, Higher Technical Education, Govt. of Gujarat, Ms. Avantika Singh Aulakh IAS, Commissioner, Technical Education & CEO, Gujarat Knoweldge Soceity, Govt. of Gujarat, Dr. Yatin Karpe, Cabinet Chair, AUTM, Pennsylvania, USA, Mr. B.N.Sarkar, Scientist `G’, DSIR, Ministry of Science & Technology, govt. of India and many more. wishes the very best.

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