Bengaluru: Energy and IT startups are being given a helping hand by Shell India through its pan-India programme, Shell E4 (Energizing and Enabling Energy Entrepreneurs).
Shell will be scouting for startups and businesses and collaborate with those selected in early, pilot, or post-pilot stages for a period of six months. It will provide the startups with access to its technology and IT labs in Bengaluru, technical and commercial mentorship from within and outside of Shell, access to potential customers through its network of partners and a fixed sum investment of $20,000 per startup.
Shell E4 will be located at the Shell Technology Centre Bengaluru (STCB). The application closes on 17 November, 2017 and the first cohort will begin on 4 December, 2107.
Following the evaluation, the selected startups will form the first cohort and will be incubated with Shell for a period of six months at their campus in Bengaluru. As part of the incubation, the cohort will gain exposure to Shell’s advanced infrastructure and IT facilities; technical and commercial mentorship; an opportunity to pitch their ideas to other potential investors and an access to Shell’s network of partners and customers in India and abroad. In addition to this, Shell will also make a fixed amount of investment.
Commenting on the launch of the programme, Nitin Prasad, Chairman, Shell Companies in India, said, "With this programme, we aim to provide a platform to energy startups that have the potential to impact the future of energy. The Shell E4 Programme provides a platform for collaboration and conversation around valuable energy transitions, offering startups an opportunity to bring their ideas to life with Shell’s guidance and support”.
Published Date: Oct 09, 2017 04:04 pm | Updated Date: Oct 09, 2017 04:04 pm