Start Up GAIL- Natural Gas Company

GAIL is an innovation and technology driven company operating in the field of Natural Gas and its derivatives. This company showed how start-ups can function properly by remaining viable amidst competition all the while attracting investments.

In order to stay competitive, it is required to keep abreast with the latest technological developments in our core businesses. Investment in Start-Ups in our Core Areas is likely to play an important role in our quest to remain competitive. So here is an insight into how they maintained this.

Company Mission and Investments

GAIL has created a corpus of ₹ 50 Crores to be invested in Start-Ups to support the Government of India (GoI) Start-Up initiative and to generate long-term commercial benefits. GAIL may also infuse further funds in this initiative based upon investment requirements and success of this initiative.

Our Mission for Start-Up Initiative is to Identify, Invest and Nurture Start-Ups that can become successful companies in the long run and provide profitable returns from this diversification.

Our 1st round of Solicitation has been successfully completed. We received 47 Investment Proposals and their evaluation has been completed. GAIL has selected 10 Start-ups for investment. This is the 2nd round of our Solicitation Process and is open from June 1, 2018 to June 20, 2019.

Selection Process for funding Start-Ups

Selection of Start-Up Proposal shall be a 4-Stage Process:

  1. Eligibility Screening
  2. Shortlisting
  3. Evaluation
  4. Approval