GAIL is an innovation and technology driven company operating in the field of Natural Gas and its derivatives. In order to stay competitive, it is required to keep abreast with the latest technological developments in our core businesses. Investment in Start-Ups in our Core Areas is likely to play an important role in our quest to remain competitive.
GAIL has created a corpus of ₹ 50 Crores to be invested in Start-Ups to support the Government of India (GoI) Start-Up initiative and to generate long term commercial benefits. GAIL may also infuse further funds in this initiative based upon investment requirements and success of this initiative.
Our Mission for Start-Up Initiative is to Identify, Invest and Nurture Start-Ups that can become successful companies in the long run and provide profitable returns from this diversification.
Our 1st round of Solicitation has been successfully completed. We received 47 Investment Proposals and their evaluation has been completed. GAIL has selected 10 Start-ups for investment. This is the 2nd round of our Solicitation Process and is open from June 1, 2018 to June 20, 2018.
Selection Process for funding Start-Ups :
Selection of Start-Up Proposal shall be a 4-Stage Process:
- Eligibility Screening
- Shortlisting
- Evaluation
- Approval
For more info visit :https://gailebank.gail.co.in/GUSI/frmStartUpGAIL.aspx