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ONGC signs MoU with five start Ups

Akash Sharma, New Delhi
04/11/2017   0 Comments

The Oil and natural gas Corporation Limited signed a Memorandum of Understanding with five start Ups at Start Up Sangam.

The MoU was signed under a start-up program for entrepreneurs where a fund corpus of Rs 320 crore is to be disbursed over a time period of three years.

ONGC selected five Start-Ups namely M/s Red Ginger Technologies Pvt Ltd, Gurgaon; M/s Planys Technologies Pvt. Ltd, Chennai; M/s Detect Technologies Pvt. Ltd, Chennai; M/s String Bio Pvt Ltd, Bangalore & Chakra Innovation Pvt. Ltd, Delhi based on pre-approved evaluation criteria and due approvals.

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