HP Udgam Scheme in Hamirpur
Apply for HP Udgam Scheme 2026 and get up to ₹2.5 crore in equity funding. Learn about eligibility, focus areas, and documents required for startups in renewable energy, e-mobility, and sustainability.
What is the HP Udgam Scheme? — Hamirpur, Himachal Pradesh
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.
Benefits of the HP Udgam Scheme
High-Value Equity Funding
Up to ₹2.5 crore support for eligible startups.
Mentorship
Domain guidance from experts and industry leaders.
Infrastructure
Support for testing, validation, and pilot development.
Market Validation
Better investor confidence through strategic pilot pathways.
Regulatory Support
Guidance for compliance and documentation readiness.
Key Features of the HP Udgam Scheme
| Feature | Details |
|---|---|
| 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. |
| Elite Mentorship | Access to industry leaders and the MSME growth advisory session. |
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:
| Focus Area | Description |
|---|---|
| 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. |
Eligibility Criteria for the HP Udgam Scheme
HP Udgam eligibility emphasizes startup maturity, sector relevance, and operational readiness.
Private Limited Company preferred for equity participation.
Valid startup recognition is generally expected.
Typically below 10 years from incorporation.
Working prototype or early market traction.
Financial visibility and stability evidence expected.
Strong fit with energy, mobility, sustainability, or digital domains.
Documents Required for the HP Udgam Scheme
Build a complete application file before submission for better review quality and turnaround.
Startup recognition certificate
Proof of startup india certificate and Registration.
Company incorporation documents
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.
Technology 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
Ensure Eligibility
Submit Application
Evaluation and Selection
Fund Disbursement
Interview/Discussion
Ensure Eligibility
Submit Application
Evaluation and Selection
Interview/Discussion
Fund Disbursement
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.
Frequently Asked Questions
Apply for HP Udgam Scheme
Scale your startup with strategic funding and domain-backed support.