The HP Udgam Scheme 2026 – Round II is an exciting initiative designed to empower early-stage startups focused on innovative technologies that align with HPCL’s strategic goals.
The program focuses on the energy transition, sustainability, and digital solutions for the Oil & Gas industry, providing equity funding support to scale these innovations.
For entrepreneurs looking to apply for startup india certificate and secure large-scale capital, this scheme serves as a bridge between technology innovation and industry adoption. A key requirement for most government-backed corporate funds is having a valid startup india certificate and Registration, which legitimizes the venture and unlocks tax benefits.
In this comprehensive guide, we will discuss everything you need to know about the HP Udgam Scheme:
- What is the HP Udgam Scheme?
- Startup registration process in india and HP Udgam eligibility
- Focus areas of the scheme
- Benefits offered under the scheme
- Documents required for HP Udgam application
- How to apply for the HP Udgam Scheme
What is the HP Udgam Scheme?
The HP Udgam Scheme is a funding and mentorship initiative by HPCL (Hindustan Petroleum Corporation Limited) designed to support startups working in areas such as renewable energy, e-mobility, energy storage, biofuels, and digital solutions. It provides equity funding of up to ₹2.5 crore to help startups scale and commercialize their solutions.
This program works in synergy with the broader registration of startup in India ecosystem. By being a recognized entity under the startup india certificate and Registration, founders can access HPCL’s vast infrastructure and mentorship. This initiative is similar in impact to the MeitY Genesis EIR 2, but specifically tailored for the energy sector.
Key Features of the HP Udgam Scheme:
Equity Funding
Up to ₹2.5 crore in support.
Strategic Focus
Innovative startups in renewable energy, biofuels, and e-mobility.
Collaborative Scaling
Opportunity to conduct pilot projects with HPCL.
Are you an innovative startup in renewable energy or e-mobility?
Apply for the HP Udgam Scheme and receive up to ₹2.5 crore in equity funding to scale your business!
Eligibility Criteria for the HP Udgam Scheme
To be successful in your application, your venture must follow the standard startup india registration process to be recognized by the DPIIT. The HP Udgam eligibility focuses on businesses that are past the ideation stage.
HP Udgam & Startup India Eligibility Table
| Criteria | Details |
|---|---|
| Business Type | Private Limited Company is mandatory for equity funding. |
| DPIIT Recognition | Must have a valid startup india registration certificate. |
| Company Age | Must be registered for less than 10 years (following startup registration process in india norms). |
| Business Stage | Early-stage startups with a working prototype or early market traction. |
| Revenue | Should demonstrate financial stability through bank statements. |
| Technical Focus | Renewable energy, biofuels, e-mobility, or digital solutions for Oil & Gas. |
Is your startup working on digital innovation or energy solutions?
Apply for the HP Udgam Scheme and get up to ₹2.5 crore in funding to grow your business!
Focus Areas of the HP Udgam Scheme
The scheme specifically targets the "Energy Transition" sector. If you are a founder looking for how to raise funds for a startup in India, these focus areas are highly lucrative:
☀️ Renewable Energy
Clean energy solutions including solar, wind, and hydropower.
🌱 Biofuels
Sustainable energy production like bioethanol and biodiesel.
🚗 E-Mobility
Electric vehicles (EVs) and charging infrastructure, aligned with the mobility innovation program.
🔋 Energy Storage
Advanced battery management systems.
💧 LNG and CBG
Clean fuels and energy efficiency solutions.
🌍 Sustainability
Waste management and carbon footprint reduction (See social impact innovation).
💻 Digital Innovation
IoT and AI applications for Oil & Gas optimization.
Does your startup focus on biofuels, e-mobility, or sustainable energy?
Apply for the HP Udgam Scheme and receive up to ₹2.5 crore in equity funding to scale your innovative solution!
Benefits of the HP Udgam Scheme
Aside from the capital, being part of this program provides benefits similar to a high-end startup accelerator scheme.
High-Value Equity Funding
Up to ₹2.5 crore—significantly higher than the mudra loan scheme or nidhi prayas grant.
Mentorship
Guidance from HPCL’s technical leadership on product-market fit and access to the MSME growth advisory session.
Infrastructure
Access to HPCL labs for testing and validation.
Market Validation
A successful pilot with HPCL makes your startup highly attractive for venture tech funding.
Regulatory Support
Assistance with business registration and MSME certification needs.
Don’t miss the chance to scale your tech startup!
Gather your documents and apply for the HP Udgam Scheme to receive up to ₹2.5 crore in funding.
Documents Required for the HP Udgam Scheme
To apply for startup india certificate recognition and subsequent HP Udgam funding, you must have a clean documentation file. Working with a startup india registration consultant can streamline this.
Checklist of Documents:
- ✓Startup India Certificate: Proof of startup india certificate and Registration.
- ✓Company Incorporation: Certificate of Incorporation, MoA, and AoA.
- ✓Professional Pitch Deck: Detailing the problem, energy solution, and market size.
- ✓Financial Records: Audited balance sheets and P&L statements.
- ✓Tech Roadmap: Detailed description of the technology and TRL level.
- ✓Founder Profiles: Resumes of the core team showcasing domain expertise.
- ✓MSME Details: Copy of MSME Certification.
How to Apply for the HP Udgam Scheme
The application follows the digital startup india registration process flow:
Ensure Eligibility
Submit Application
Evaluation and Selection
Interview/Discussion
Fund Disbursement
Founders may also look into the CGSS scheme or the CGTMSE loan scheme for complementary debt-based funding.
The HP Udgam Scheme often operates on a rolling basis, but specific cohort rounds (like Round II) have fixed windows. It is vital to consult a startup india registration consultant to ensure your timing is correct. For more on how government grants work, stay updated with our blog.
Conclusion: Why Apply for the HP Udgam Scheme?
For energy and sustainability startups, the HP Udgam Scheme is an unparalleled opportunity. By combining the benefits of registration of startup in India with HPCL’s capital and mentorship, you can move from a prototype to a national leader.
Whether you are seeking startup funding in India or strategic partnerships, HP Udgam provides the fuel for your growth. To understand how to navigate this journey, read the truth about Enego services.
Stop waiting for the “perfect time”
Contact Enego today for expert guidance on your application and secure the funding your startup deserves.
FAQs: HP Udgam Scheme
1. What is the HP Udgam Scheme?
The HP Udgam Scheme offers equity funding of up to ₹2.5 crore for early-stage startups focused on renewable energy, e-mobility, biofuels, and digital solutions for the Oil & Gas sector.
2. How much funding is available under the HP Udgam Scheme?
The HP Udgam Scheme offers up to ₹2.5 crore in equity funding to selected startups based on their potential for growth.
3. Who is eligible to apply for the HP Udgam Scheme?
Startups that are technology-driven, have a working prototype, and are focused on innovation in sectors like energy, sustainability, and digital innovation are eligible.
4. What documents are required for the HP Udgam Scheme application?
Required documents include the pitch deck, technology description, team profiles, financial projections, and proof of concept.