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Closed Grant Equity-free DPIIT required

HP Udgam Cohort 2025 (Round-1) by HPCL

by Hindustan Petroleum Corporation Limited (HPCL)

HP Udgam is a corporate startup support initiative by Hindustan Petroleum Corporation Limited (HPCL). This program is a **startup funding program and not a grant**. It provides investment and support to early-stage startups. This program aims to nurture and invest in innovative startups across a diverse range of sectors including energy, sustainability, and digital solutions. The funding is provided through **Compulsorily Convertible Preference Shares (CCPS)**. A CCPS is a type of equity

This program is not accepting applications right now.Many schemes reopen in cycles. Explore currently open programs or talk to an expert about alternatives.
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.

About this scheme

HP Udgam is a corporate startup support initiative by Hindustan Petroleum Corporation Limited (HPCL). This program is a **startup funding program and not a grant**. It provides investment and support to early-stage startups. This program aims to nurture and invest in innovative startups across a diverse range of sectors including energy, sustainability, and digital solutions.

The funding is provided through **Compulsorily Convertible Preference Shares (CCPS)**. A CCPS is a type of equity instrument that gives the investor a stake in the company, which is mandatorily converted into equity shares at a future date. This means HPCL becomes an investor in the startup, taking a share of ownership rather than providing non-repayable grant money.

Who can apply

  • The startup must possess a valid DPIIT recognition certificate.
  • The program is open to early-stage startups working in energy, low carbon solutions, sustainability, digital solutions, and innovation related to the oil and gas business.
  • The funding provided is a **CCPS investment** and is not a grant.
Official application

Ready to apply? Get the official link

Applications are submitted directly with Hindustan Petroleum Corporation Limited (HPCL), in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.

Free. IncorpX provides assistance for preparation; selection rests with Hindustan Petroleum Corporation Limited (HPCL).

Frequently asked questions

How much funding does HP Udgam Cohort 2025 (Round-1) by HPCL provide?

HP Udgam Cohort 2025 (Round-1) by HPCL provides up to Rs. 2.5 Cr. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.

Is HP Udgam Cohort 2025 (Round-1) by HPCL currently accepting applications?

Closed on Aug 15, 2025. Always confirm the current window with the program authority before preparing your application.

Does HP Udgam Cohort 2025 (Round-1) by HPCL take equity?

No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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