Numaligarh Refinery Limited inks MoU with IIT Guwahati for startup incubation

GUWAHATI: Assam based Numaligarh Refinery Limited (NRL) has inked an MoU with IIT Guwahati (IITG) for incubation of Startups under its Startup funding initiative.

NRL has start up initiative ‘iDEATION’. The MoU was signed at IITG between Director (Technical) NRL, Bhaskar Phukan and Director, IITG Prof. Gautam Biswas.

According to NRL the MoU will facilitate providing incubation facility and mentoring to the Startups selected through iDEATION by the established Technology Incubation Centre (TIC) of IITG. This win-win collaboration will provide impetus, necessary infrastructure and guidance for taking forward NRL sponsored Startup projects in the region.


Launched in the year 2017 for nurturing and boosting a Startup ecosystem in North-East India, iDEATION is NRL’s contribution towards the ambitious ‘Startup India’ Mission of the Government of India.

“A successful first edition of this initiative saw a funding to the tune of Rs. 1.29 crore being allotted to 4 selected Startup projects as Seed funding and Scale up funding. The second edition launched in February 2018, too, garnered huge responses from the intrepid entrepreneurs of the North-East,” the company stated.