IIM Lucknow signs MoU with HPCL to promote energy start-ups

Indian Institute of Management, Lucknow (IIM-L) and Hindustan Petroleum Corporation Limited (HPCL) have signed a Memorandum of Understanding (MoU) for incubating innovative ideas and business start-ups in the domestic energy sector.

Under the tie-up, the selected start-ups would be provided with seed funding and incubated at IIM-L Enterprise Incubation Centre (L-INCUBATOR). The MoU was signed recently during Startup Pitch Day at the Noida campus of IIM-L.

“This agreement will unlock the unlimited and undeniable potential of the start-up ecosystem in India and will impact the economy as a whole,” IIM-L faculty professor M Akbar said about HPCL bringing its start-up programme