New Delhi, October 9, 2017: With the vision to bring more “energy” to the Indian startup community, Shell India is inviting all energy and IT startups to enter its pan-India programme, Shell E4 (Energizing and Enabling Energy Entrepreneurs).
With Shell E4 program, Shell is scouting for startups and businesses in early, pilot, or post-pilot stages to collaborate and work together on ideas that have the potential to impact the future of energy. Shell will work with the selected cohort for a period of six months and provide them with access to Shell’s Technology and IT labs in Bangalore, 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 upto $20,000 per startup.
The Shell E4 program builds upon the company’s global vision to support the energy sector’s evolving ecosystem. Shell has a rich history of working with entrepreneurs across the energy value chain globally. For cleaner energy solutions, Shell also introduced Make The Future campaign, under which #makethefuture Accelerator India 2017 was concluded in March this year. The programme was a platform for millennials to showcase their bright energy ideas to build solutions for the future energy challenges both globally and in India.
Commenting on the launch of the programme, Nitin Prasad, Chairman, Shell Companies in India, said, "At Shell, we believe that the answers to energy challenges lie in the power of innovation. 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 Program 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".
Shell E4 will be located at the Shell Technology Centre Bangalore (STCB) and, is well positioned to leverage the vibrant Bengaluru ecosystem.
The important dates are:
|Announcement of applications||October 09, 2017|
|Application closes||November 17, 2017|
|Commencement of 1st cohort||December 04, 2017|
For more details and to apply visit www.shell.in/shelle4.htmlFollowing the evaluation, the selected startups will form the 1st cohort and will be incubated with Shell for a period of 6 months at their campus in Bangalore. 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.
Notes to Editors:
Shell in India
Shell is one of the most diversified international oil company in India's energy sector with over 6000 employees. It is a major private sector supplier of crude products, chemicals and technology to public/private sector oil companies. It maintains a significant presence in the country with its lubricants and retail businesses. Shell also has a technology center, a financial business operations center, an in-house global IT center and operates a joint venture LNG receiving and re-gasification terminal. Through its subsidiary company BG Exploration and Production India Limited, Shell holds a 30% interest in, and is joint operator of, the Panna - Mukta oil and gas fields and the Mid and South Tapti gas and condensate fields (PMT fields). Shell also holds a 32.5% equity stake in Mahanagar Gas Limited (MGL). MGL has to its credit the distinction of pioneering the natural gas distribution network in Mumbai and its neighboring areas.
Shell’s Global Technology Network
Shell Technology Centre Bangalore is one of three global technology hubs, alongside those in Houston, USA and Amsterdam, in the Netherlands. They form part of an integrated network of technology centres, which includes several smaller technical centres located close to our customers and other partners and provide tailored services.
Country Advisor, External Relations