EngSUI is an Initiative of Engineers India Limited under the Honourable Prime Minister’s flagship programme of Startup India. EngSUI is intended to build the eco-system for encouraging Startups in India. EIL has taken up a mission based on this Government's vision to empower this Startup revolution in India through Incubation, Cultivation and Fostering of worthy Ideas.
Energy is the lifeblood of the nation. With the growing demand for energy projected in the years to come, StartUps giving innovative solutions in the field of energy is a need of the hour. Besides the support of the policymakers and the industry, support of the academia is also crucial for startup entrepreneurs and the Incubation Centres at various academic Institutes perform a vital role on this front. EngSUI seeks to channel start-up projects through the network of incubation centres functioning successfully at leading academic institutions like the IITs.
EngSUI, the StartUp India initiative by Engineers India reflects this commitment to encourage in every way 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 for addressing its short-term needs and building a sustainable ecosystem as a long-term goal. While an initial list of focus areas has been identified to provide initial direction and fillip to this initiative, these are by no means exclusive and innovative ideas in other areas that result in spin-off benefits to the oil & gas sector would be equally welcome.
EIL intends to create an enabling system for promoting the “Start Up India (SUI)” initiative through
EIL encourages Start Ups to take up projects in the following areas, under this EngSUI program:
Applications are invited from registered Host Institutions/Incubation Centres (not directly from applicants) in two categories of programmes:
Innovation Challenge programme: This model fosters innovation in line with the PRISM model of DST. PRISM (Promoting Innovations in Individuals, Startups and MSMEs)
Under this programme typically a grant is given to the Innovation Challenge proposal through registered Host Institutions/Incubation Centres. The project processing and monitoring shall be done by the Host Institutions/Incubation Centres themselves under an established set of guidelines. The Host Institutions/incubation centres shall provide the start-up space, mentoring, and access to all facilities available at IIT/NITs. The output from these projects is expected to be the generation of a successful prototype. In case the project is found to have significant potential for successful commercialization, it can seek further funding under the next category i.e. Start Up (Seed Funding).
Start-up (Seed Funding): These are next-level start-up programmes wherein the funding is given to a Start-up entity who have successfully demonstrated proof of concept with the support of any government institution or agency.
In these programmes, Host Institutions/Incubation Centres provide training to start-ups for IP, Law, Taxation, finance and safety compliance, advertising & branding, exhibition, etc. The Host Institutions/incubation centre also helps in the promotion of product development, manpower supply and mentorship during the entire programme. The effort is to bring this product/project to a level good for commercialisation after which this can attract capital for investment.
Applications received from Startups for funding under EngSUI will be screened by a committee. The following broad guidelines will apply
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 student innovator can avail support to develop their novel idea into demonstrable models/prototypes.
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
Maximum support is limited to Rs. 1 Crores per proposal or 100% of the total project cost, whichever is lower. 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.
Start-up entities who have successfully demonstrated proof of concept with the support of any government institutions or agency.
Following selection, procedure shall be followed by EIL for funding of the projects under its “EngSUI” Programme:
|S. No||Criteria||Maximum Marks|
|A||The content of the proposal||25|
|B||Relevance to Focus Area||25|
|D||Relevance to EIL’s Business or Society||25|