BPCL Ankur Fund's 'Elevate' cohort invites startups to innovate and transform the energy landscape through equity investments. BPCL is a Fortune Global 500 company committed to achieving Net Zero carbon emissions by 2040 and is looking to expand its presence in Green Energy Businesses and Digital Ventures. This opportunity is for startups that have developed a Proof of Concept (PoC), Prototype, Minimum Viable Product (MVP), or a fully implemented solution in Oil & Gas or any other industry
BPCL
Bharat Petroleum's Project Ankur startup program providing grant and equity funding up to Rs 1.5 crore for energy sector innovations.
About BPCL
Bharat Petroleum Corporation Limited (BPCL), headquartered in Mumbai, runs Project Ankur to promote promising startups in the energy sector. Launched in 2016 with a corpus of Rs 25 crore as part of the Startup India initiative, the program supports innovative technology and business process re-engineering ideas with significant business potential, social relevance, and environmental focus.
BPCL supports selected startups through validated Proof of Concept via funding up to Rs 1.5 crore and intellectual mentoring, with acceleration and commercialization support post-PoC. Phase 2 of Project Ankur evolved from a pure grant model to a grant-plus-equity funding approach. BPCL has supported 30+ startups with Rs 28+ crore in total grant funding and recently launched the ELEVATE cohort for innovations in energy efficiency and city gas distribution.
## Who Benefits
Energy sector startups working on innovation in fuels, lubricants, LPG, petrochemicals, city gas distribution, and energy efficiency. Early-stage ventures with promising technologies seeking PoC validation, grant funding up to Rs 1.5 crore, and a structured pathway to commercialization with one of India's largest oil and gas PSUs.
Who they work with
Frequently asked questions
What funding programs does BPCL run?
BPCL currently has 1 program listed in this directory, including Elevate - BPCL Ankur Fund Startup Cohort. Each program page covers the funding amount, eligibility and application process.
Is BPCL a government organisation?
BPCL is listed as a corporate. It is not a government body, and its programs follow the organisation's own selection process.
How do I evaluate whether a BPCL program fits my startup?
Start with the stages and sectors shown on this profile, then open the program pages for eligibility conditions and document checklists. If you want a structured view, send an enquiry below and an IncorpX advisor will walk you through fit and readiness.
Do I apply to these programs through IncorpX?
No. Applications are always submitted in your own name with the respective program authority. IncorpX is independent of BPCL and provides assistance for application preparation, document organisation and prerequisite registrations such as incorporation, DPIIT recognition, MSME and GST.
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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.
