23/05/2025
NRL continues its focused efforts to support startups from the Northeast region through NRL iDEATION. The initiative has supported 65 startups with a cumulative grant funding commitment of ₹15 crore, fostering innovations across diverse sectors including clean energy, healthcare, agri-biotech, circular economy, and digital technologies. Complementing this, the NRL iDEATION Angel Fund—a SEBI-registered Category-I Alternative Investment Fund (AIF) and the first such fund established by any CPSE in the oil and gas sector—has made equity investments totaling ₹14 crore in 4 promising startups. This unique dual funding approach, combining both grant and equity support, is further enriched by strategic mentorship, market access, and institutional partnerships.
Through NRL iDEATION, the Company is playing a pioneering role in building a vibrant startup ecosystem in the Northeast and contributing meaningfully to India’s innovation-led growth.
We are honored by the recognition from Hon’ble Minister Shri Hardeep Singh Puri ji and invite you to read his words of encouragement here: 👉 https://lnkd.in/dSZRwNer
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