New Delhi: GAIL (India) Limited has launched the 10th round of its start-up funding initiative, ‘GAIL Pankh,’ inviting start-ups to apply for equity investment. The Maharatna PSU is accepting applications through the ‘GAIL Pankh’ link on its official website until 31 May.
- Â Sectors in FocusÂ
The initiative is open to start-ups in key industries, including Natural Gas, Petrochemicals, Energy, Project Management, E-commerce, Fintech, IoT, Data Mining, Environment, Health, Social, Security, and Safety. GAIL aims to foster innovation and collaboration in these specialized fields.
- Rs 500 Crore Corpus for Start-Ups
GAIL has allocated a Rs. 500 crore corpus for this initiative, reinforcing its commitment to supporting emerging enterprises. Since its inception in 2017, ‘GAIL Pankh’ has completed nine funding rounds, attracting innovative proposals from start-ups across various sectors.
- GAIL’s Contribution in Start-Up Investment
GAIL’s commitment to entrepreneurship was recently recognized at the Governance Now 11th PSU Awards, where the company received the ‘Start-Up Excellence Award’ in the ‘Investment in Start-Ups’ category. This accolade highlights GAIL’s role in promoting technological advancements and strengthening the start-up ecosystem in India.
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