ONGC launches startup to foster oil and gas sector

Q.  ONGC has started a new INR 100 crore startup fund to foster and incubate new ideas pertaining to the oil and gas sector. What is it called?
- Published on 17 Aug 16

a. ONGC Start Up
b. Start Up ONGC
c. Oil and Gas Start Up
d. Startup O&G

ANSWER: ONGC Start Up
 
Oil and Natural Gas Corporation has launched an INR 100 crore startup fund to foster, nurture and incubate new ideas pertaining to the oil and gas sector.
  • Initiative christened ONGC StartUp is in line with GoI initiative Startup India
  • ONGC will provide the untrue support chain for the startup including seed funding, monitoring, mentoring, market linkage and followups.
  • Initiative will also promote entrepreneurship among younger Indians by creating an ecosystem conducive for growth of start ups in the oil and gas sector.

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