Elevate - BPCL Ankur Fund Startup Cohort — Frequently Asked Questions
Answers to the questions founders most often ask about Elevate - BPCL Ankur Fund Startup Cohort — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding does Elevate - BPCL Ankur Fund provide?
The program provides equity investment of up to ₹5 crore per startup.
What is the application deadline?
The deadline to apply is December 9, 2025.
What types of startups are eligible?
Early-stage startups (including seed funding) that have developed a PoC, prototype, MVP, or fully implemented solution. The startup must work under the specified themes: Green Tech or Cybersecurity & Resilience.
Is DPIIT registration required?
Yes, startups must be registered with DPIIT and possess a valid certificate of registration.
Does the program take equity?
Yes, the funding is provided as equity investment, through equity shares or Compulsory Convertible Preference Shares (CCPS).
What are the founder requirements?
The founders must collectively hold more than 26% of the equity in the startup.
What is the focus area of the program?
The program focuses on two themes: Green Tech (sustainable energy, carbon capture, green hydrogen, etc.) and Cybersecurity & Resilience (protecting IT/OT systems, data, and business continuity in Oil & Gas operations).
How does the selection process work?
The process includes initial screening, second stage evaluation based on innovation and feasibility, pitching to a committee, and final due diligence assisted by IDBI Capital Market & Securities Ltd.
How many startups has BPCL previously supported?
BPCL has previously supported 30 startups with grant funding of approximately ₹28 crores.
How do I apply?
Applications are submitted through the BPCL startup portal at https://startup.bpcl.in/cohorts/elevate.
Who is eligible to apply for Elevate - BPCL Ankur Fund Startup Cohort?
Elevate - BPCL Ankur Fund Startup Cohort is open to startups at any stage. It is open to startups registered anywhere in India.
Who offers Elevate - BPCL Ankur Fund Startup Cohort?
Elevate - BPCL Ankur Fund Startup Cohort is offered by BPCL, a corporate programme. It is provided as an investment.