GUWAHATI, July 4 - The Numaligarh Refinery Limited today launched its start-up initiative �Ideation� 2017.
With its focus on prospective entrepreneurs from the North East, �Ideation� seeks to foster an entrepreneurial culture in the region, selecting promising ideas and assisting them to grow in line with NRL�s corporate vision and mission of providing an impetus to the development of the region.
The initiative is in line with the ambitious Start-up India Mission of the Government of India which envisages building a start-up ecosystem in the country.
The �Ideation� launch function here was attended by NRL MD P Padmanabhan, NRL Director (Finance) SK Barua, a host of luminaries in the field of start-up and hundreds of budding entrepreneurs representing academic institutions like IIT Guwahati, Assam Engineering College etc.; entrepreneurs registered under MSME and local start-up clusters.
On the occasion, he �Ideation� website with url www.ideation.nrl.co.in was formally launched. The website, other than featuring details of the scheme, would also facilitate online submission of start-up ideas till August 15 next. In a run-up to the event, the �Ideation� Facebook page �nrlideation� and Twitter handle �@nrlideation� have gone live to reach out to its target audience and promote the initiative.
Entrepreneurs and groups whose ideas have been shortlisted will be called to give a presentation in August-end.
�The scrutiny will be done by an independent jury. Mentoring will also be done at the incubation centre for which we will hire domain experts,� MD Padmanabhan said.
The NRL will not have any equity stakes nor will it have any rights on the start-ups.
The contest has been divided into three categories � ideas requiring seed funding for incubation to make it ready for commercialisation, commercially viable innovation requiring early stage funding and scale-up funding for young start-ups.