Engineer India Limited EngSUI

ENGINEER INDIA LIMITED

BRIEF DESCRIPTION

EIL EngSUI, the Startup India initiative by Engineers India Limited encourages possible innovation, disruption, and technological breakthroughs in the oil & gas sector. The objective of the scheme is to stimulate, foster, and enhance strategic research and innovation capabilities in the oil & gas industry. Startups giving innovative solutions in the field of energy are supported.

 

SECTOR FOCUS:
Oil & Gas Sector
 

BENEFITS :
 

  • EIL intends to create an enabling system for promoting the “Start-Up India (SUI)” initiative through:-

    1. Offering Intellectual support

    2. Offering Infrastructural support

    3. Offering Financial Support

  • EIL encourages Start-Ups to take up projects in the following areas, under this EngSUI program:

    1. Developing capability to commercially manufacture and supply hardware for oil & gas technologies.

    2. Developing new process/technology in areas of interest to the hydrocarbon sector

    3. Information Technology (IT) and Industrial Internet of Things (IIoT) interventions of relevance to the hydrocarbon sector

    4. Other Areas like: Lube packaging, Renewable energy and storage, Nanomaterials, Engineering plastic from petrochemicals product slate, Replacement of raw material/catalyst, Waste to energy, Health, Safety & Environment (HSE).

PHASES OF FUNDS:

The funding is provided in identified Focus Areas, for its Start-up India initiative “EngSUI” under the following phases:

  1. 1.    INNOVATION CHALLENGE FUNDING (IC): Provision of taking equity at a later stage at the discretion of EIL
  2. 2.    SEED FUNDING (SF): Provision of taking equity at a later stage at the discretion of EIL
  3. 3.    DIRECT EQUITY FUNDING (EF): Equity will be taken straight away:
  • a)    Equity Funding through Host Institution (EF-HI)
  • b)    Equity Funding other than Host Institution (EF-OHI)

 

ELIGIBILITY CRITERIA:
 

ENGSUI PROPOSALS

ELIGIBILITY

Phase-I (Innovation Challenge Grant)

 

Category-I:

Proof of Concept/prototypes/Models-

Maximum support is limited to Rs. 2 Lakhs per proposal or 100% of the total proposal cost whichever is lower

Any resident Indian citizen including a student innovator can avail support to develop their novel idea into demonstrable models/prototypes.

Category-II:

Fabrication of working model/process know-how / testing & trial/patenting/technology transfer etc. (Innovation Incubation)-

Maximum support is limited to Rs. 20 Lakhs per proposal or 100% of the total proposal cost whichever is lower.

Any resident Indian citizen having innovative ideas

Phase-II (Start-Up Proposals- Seed Fund)

 

Maximum support is limited to Rs. 1 Crores per proposal limited to 100% of the total proposal cost. The support may be provided for scaling up technology based innovations, including patenting/design                           registration/trademark registry/ technology transfer to develop a marketable          product/process                         towards enterprise creation.

Startup entities who have successfully demonstrated proof of concept with the support of any government institutions or agency.

Valid DIPP/DPIIT Certificate

Direct Equity Fund

 

A) Equity Funding through Host Institution (EF-HI):

Maximum support is limited to Rs. 5 Crores per proposal. The direct equity fund may be provided for scaling up the Startup towards enterprise creation.

Startup entities who have successfully                                 demonstrated marketable product/process

Valid DIPP/DPIIT Certificate


 

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