MC2 =

Multiply

Collaborate

Create

Where energy
ventures
get built.

MC² Plus unites India's largest oil and gas PSUs to catalyze the next generation of energy entrepreneurs, with real infrastructure, serious capital, and unprecedented piloting access across the sector.

Apply to the cohort Learn how it works
7+
PSU partners across India
12+
R&D centres open to startups
4
Pillars of support
Pan-India
Multi-city incubation footprint
Backed by India's oil and gas majors
Hindustan Petroleum logo HPCL
ONGC logo ONGC
Indian Oil logo Indian Oil
Bharat Petroleum logo BPCL
GAIL India logo GAIL
Oil India Limited logo OIL India
Petronet LNG Limited logo Petronet LNG
What we offer
Four pillars.
One platform.
Access what energy startups typically spend years trying to unlock. MC² Plus puts it all in one place, backed by the full weight of India's oil and gas sector.
01
Infrastructure
Shared access to world-class R&D laboratories, testing rigs, fabrication workshops, and technical facilities across PSU sites spanning multiple cities nationwide.
  • Lab and testing facility access at PSU R&D centres
  • Shared incubation workspace across multiple cities
  • Technical equipment and safety-certified environments
  • Storage, fabrication, and prototyping infrastructure
02
₹
Capital
Structured access to seed funding for early validation and scale-up capital for ventures demonstrating commercial traction in the energy and industrial sector.
  • Seed grants for proof-of-concept and prototype stages
  • Scale-up equity for ventures with demonstrated traction
  • Warm introductions to co-investors and strategic LPs
  • Non-dilutive grants for specific technology challenges
03
Piloting opportunities
Real-world deployment access at operating PSU sites including refineries, pipelines, and terminals to test, iterate, and validate technology at industrial scale.
  • Field pilots at refineries, terminals, and gas grids
  • Structured problem statements from PSU technology teams
  • Fast-tracked procurement pathways for successful pilots
  • Access to operating assets across multiple geographies
04
Expertise
Deep mentorship and research partnerships with premier Indian and global institutions, bringing domain knowledge that shortens the path from lab to commercial deployment.
  • Partnerships with IITs, IIMs, CSIR labs, and global universities
  • Mentors from senior PSU technical and commercial teams
  • Access to global energy transition research networks
  • Regulatory guidance and policy navigation support
About the initiative
Built by the
sector itself.

India's energy transition will not be built by incumbents alone. MC² Plus is MoPNG's commitment to backing the founders, researchers, and builders creating the technologies that will define India's energy future.

By opening up the infrastructure, capital, piloting sites, and expertise of India's largest oil and gas PSUs, we are creating an unprecedented platform for energy entrepreneurship at a scale no single organization could offer alone.

Apply to the programme
Governed by
Ministry of Petroleum and Natural Gas
Coverage
Pan-India, multi-city incubation nodes
Focus areas
Energy transition, decarbonisation, downstream tech
Research partners
IITs, CSIR labs, NITs, and global universities
How it works
From application
to deployment.
A structured programme designed to move fast and get ventures to proof points that matter for the energy sector.
01
Apply and get selected
Submit your venture for review. Selection is based on technology readiness, team strength, and fit with the energy sector problem areas defined by the PSU consortium.
02
Match with a PSU host
Each selected venture is matched with one or more PSU partners best suited to their domain and given access to infrastructure and a dedicated technical champion within the PSU.
03
Build, test, and iterate
Use the labs, facilities, and field sites to develop and validate your technology in real operating conditions, supported by mentors from the consortium and partner institutions.
04
Scale with capital and offtake
Ventures that demonstrate traction are supported with scale-up capital and connected to procurement pathways and commercial offtake within the PSU partner ecosystem.
Who should apply
Built for serious
energy builders.
MC² Plus is designed for ventures working on hard problems at the intersection of energy, technology, and climate.
Energy transition startups
Building technologies for decarbonisation, clean fuels, energy storage, or grid modernisation in the Indian context.
Downstream and midstream tech
Innovating across refining, processing, pipeline integrity, asset monitoring, or industrial efficiency for the hydrocarbon sector.
Sustainability and climate tech
Working on carbon capture, methane reduction, circular economy, or environmental compliance for the hydrocarbon value chain.
AI and industrial intelligence
Applying machine learning and advanced analytics to energy operations, predictive maintenance, or safety systems at industrial scale.
Deep-tech and advanced materials
Developing novel materials, catalysts, or industrial processes with direct application in the energy and petrochemical value chain.
Research-to-market spinouts
Translating research from IITs, CSIR labs, or international institutions into deployable commercial solutions for the energy sector.
Governance
Board of
directors.
MC² Plus is governed by leaders drawn from the Ministry of Petroleum and Natural Gas and India's foremost energy public-sector undertakings.
Dr Neeraj Mittal
Dr Neeraj Mittal
Chairman & Director
Secretary, Ministry of Petroleum and Natural Gas
Shri Vikas Kaushal
Shri Vikas Kaushal
Director
Chairman & Managing Director, HPCL
Shri Sanjay Khanna
Shri Sanjay Khanna
Director
Chairman & Managing Director, BPCL
Shri Akshay Kumar Singh
Shri Akshay Kumar Singh
Director
Managing Director and Chief Executive Officer, Petronet LNG Ltd.
Shri Sandeep Maheshwari
Shri Sandeep Maheshwari
Director & Chief Executive Officer
Executive Director — Corporate Strategy & Business Development, HPCL
Ready to build?
Apply to the
MC² cohort.
Applications are open for ventures at prototype stage and beyond. Selected cohorts receive immediate access to infrastructure, capital, and the full PSU partner network from day one.
Start your application Download the programme brief
Join the cohort
Submit your
venture profile.
Whether you're a researcher with a hypothesis or a startup ready to scale, share your venture below. The MC² Plus team reviews submissions on a rolling basis and will get back to you.
PDF, PPT, KEY or DOC — up to ~25 MB. Or paste a link in your pitch.

A copy of every submission is recorded for the MC² Plus team at info@mc2ventures.in.

Get in touch
Contact us.
Email
info@mc2ventures.in
Phone
+91 76971 86690
Programme contact
Aditya Agrawal
Manager — Special Projects, HPCL