Program Details
About
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 ecosystem for encouraging Startups in India. EIL has taken up a mission based on the Government's vision to empower this Startup revolution through incubation, cultivation and fostering of worthy ideas.
Objectives
Energy is the lifeblood of the nation. With the growing demand for energy projected in the years to come, startups providing innovative solutions in the energy sector are the need of the hour. Along with policymakers and industry, academic incubation centres play a vital role in nurturing entrepreneurs.
EngSUI channels startup projects through incubation centres functioning at premier institutions such as the IITs.
The programme encourages innovation, disruption and technological breakthroughs in the oil & gas sector while also welcoming ideas from related fields that can generate meaningful benefits for the industry.
Areas of Interest
EIL intends to promote the Startup India initiative through:
- Intellectual support
- Infrastructure support
- Financial support
Startups are encouraged to work on the following focus areas:
- Commercial manufacturing and supply of hardware for oil & gas technologies.
- New processes and technologies relevant to the hydrocarbon sector.
- Information Technology (IT) and Industrial Internet of Things (IIoT) solutions.
- Renewable energy, energy storage, nanomaterials, engineering plastics, catalyst replacement, waste-to-energy, health, safety and environment (HSE), lubrication packaging and related innovations.
Application Process
Applications are invited through registered Host Institutions/Incubation Centres under two programme categories.
Innovation Challenge Programme
Based on the DST PRISM model, grants are provided through Host Institutions for prototype development. Incubation centres provide workspace, mentoring and technical support. Successful projects demonstrating commercialization potential may later apply for Seed Funding.
Start-up (Seed Funding)
Available for startups that have already demonstrated Proof of Concept with support from a Government institution or agency. Incubation centres also provide support in IP, taxation, finance, branding, compliance, manpower and mentoring to help commercialize the technology.
Methodology for EngSUI
Startup proposals are screened by a committee based on the following principles:
- Final selection rests solely with Engineers India Limited.
- Intellectual Property generated during the project will be shared on mutually agreed terms among EIL, the Host Institution and the Startup.
- Selected startups must undertake not to seek funding for the same project from another sponsor.
Funding Mechanism
A. Innovation Challenge
Scheme A – Proof of Concept / Prototype
Maximum assistance: ₹2 Lakhs or 100% of the proposal cost, whichever is lower.
Eligible for resident Indian citizens including student innovators.
Scheme B – Working Model / Technology Validation
Maximum assistance: ₹20 Lakhs or 100% of proposal cost, whichever is lower.
Available to resident Indian citizens with innovative technology ideas.
B. Startup (Seed Fund)
Maximum assistance of ₹1 Crore or 100% of project cost, whichever is lower.
Available for startups that have successfully demonstrated Proof of Concept with support from any Government institution or agency.
Selection Procedure
Funding proposals are processed through the following stages:
- Submission through registered Host Institutions.
- Eligibility screening.
- Evaluation and shortlisting using the following assessment criteria.
| S. No. | Criteria | Marks |
|---|---|---|
| A | Content of Proposal | 25 |
| B | Relevance to Focus Area | 25 |
| C | Innovative Content | 25 |
| D | Business/Societal Relevance | 25 |
| Total | 100 |
- Minimum qualifying score: 60 marks.
- Minimum 15 marks each in Content of Proposal and Innovative Content.
Execution Methodology
- MoU signed with the Host Institution.
- Project-specific MoA executed after approval.
- Funds released based on milestone-linked project progress.
