IIM Lucknow Enterprise Incubation Centre Organized HPCL Startup Pitch Day

October 16, 2017: IIM-L Noida Campus Noida

After entering into an MoU with Hindustan Petroleum Corporation Limited, IIML-Incubator IIM Lucknow organized a start-up pitch day for funding and supporting innovative ideas and business start-ups in energy sector.

The Start-up scheme of Hindustan Petroleum Corporation Limited, HPCL received good number of applications from start-ups, seeking funding as well as incubation support. After application screening by Team IIML-Incubator and HPCL, 12 applications were selected for the first round of pitching session organized on 13th of October 2017.

The Pitch Day Screening Committee comprises of HPCL GM-Business, Sanjay Kumar, HPCL CGM-Retail Upgradation, D Ravichandran, HPCL CGM- LPG Sales & Marketing, Shyam Mustyalwar, Prof. M Akbar, Managing Director, IIML-Incubator, Dr. Prathosh A.P., Assistant Professor, IIT Delhi, Mr. Ashish Banerjee. Technology Expert, Mr. Sameer Rastogi, Legal Expert, Mr. Anirudh Agarwal, Angel Investor, Mr. Umesh Sisodia, Technology Expert, and Mr. SR Mustafa, VP, IIML-Incubator.

A pre-pitch workshop on Business Model Canvas was also organized to give better insights on business and financial modelling of new ventures.

All the applications received by HPCL were in the areas of Primary Energy and Hydrocarbon. The selected start-ups will be funded by Hindustan Petroleum Corporation Limited and incubated by IIM Lucknow Enterprise Incubation Centre.