Oil-sector PSUs launch a new start-up platform

ONGC, IndianOil, BPCL, HPCL, GAIL, Oil India and Petronet LNG's MC² Foundation launched MC²+ Ignite at IIT Madras, with selected startups eligible for up to ₹2 crore in milestone-linked convertible funding. The first cohort targets roughly 30 startups initially, with an ambition to scale to around 100 annually