Your Voice, Our Strength

NRL & OIL organise Start-up Investors’ Summit 2022

AZIR KHOBOR, GUWAHATI, 8TH OCTOBER, 2022 : NRL and OIL organised the first Start-up Investors’ Summit 2022 today at Guwahati. The objective of the Meet was to attract investors for start-ups from the North-East supported by NRL’s start-up initiative, iDEATION and OIL’s startup programme, SNEH.

The Summit was inaugurated by Joint Secretary (Refineries & Exploration), Ministry of Petroleum and Natural Gas ( MoPNG), Shri Sunil Kumar who presided over as Chief Guest of the inaugural function which was also graced by  MD NRL, Shri Bhaskar Jyoti Phukan; Director (Finance), NRL Shri Indranil Mittra; Director (Operations), OIL, Shri Pankaj Kumar Goswami; CMD NEDFi, Shri P.V.S.L.N. Murty and many senior executives from Oil and Gas PSUs, Govt. officials, Venture Capitalists, Incubators, Accelerators, Angel Investors, Start-ups, entrepreneurs, industrialists and professionals.


The Summit commenced with felicitation of and addressing of the august gathering by the invited dignitaries, followed by the launch of NRL iDEATION Angel Fund with a corpus of Rs. 35 Crore for equity investment in Start-ups. Thereafter, the event also saw top 25 Start-ups from North-East and other parts of the country (mainly supported by Oil and Gas PSUs) participating in a Start-up Elevator Pitch session, leading to an engaging panel discussion by the esteemed panellists.

Few of the angel investors from Silicon Valley, notably Shri Shymantak Gautam, Shri Ruban Phukan and Shri Amitav Chakravartty, who also happen to be successful entrepreneurs themselves, also participated and shared their experience of the Start-up ecosystem in the Bay Area with the enthralled audience.

The highlight of the event was the Keynote Speech delivered by Shri Sankar Bora, Co-Founder of Dealshare and ex co-founder of Myntra, and the presence of eminent corporate stalwarts – Shri Ranju K. Mohan, Shri Girish Naik and Shri Rahul Saikia. Further, renowned VC Firms from Mumbai – Lead Angels, and Unicorn India Ventures; and Ankur Capital from Bangalore rendered the event impactful.

The Meet was organised in a hybrid mode, with Director (R&D), IOCL, Dr. S.S.V. Ramakumar addressing the gathering in the online mode, followed by a warm networking session.


Note on iDEATION: In line with the action plan of ‘Startup India’ – Govt. of India’s flagship programme, Numaligarh Refinery Limited (NRL) in 2017, launched an initiative called ‘NRL iDEATION’ with a corpus of Rs. 10 crores and a mission to provide a robust platform for the startup eco-system in the NE region, by providing incubation, mentoring & grant funding to worthy ideas. In 2022, NRL has launched ‘NRL iDEATION Angel Fund’ for equity investments in startups. The aim of NRL’s startup program is to emerge as a key player in the  ‘Financial & Knowledge Support System to Startups in Northeast  India’.

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