MC² Foundation launches accelerator for energy deeptech startups

The MC² Foundation, supported by prominent public sector energy companies, has introduced an accelerator program aimed at deep-tech startups operating in the energy sector. The MC²+ Ignite program was officially launched at IIT Madras, with the Secretary of the Ministry of Petroleum and Natural Gas (MoPNG) inaugurating the initiative.

MC²+ will operate from Delhi, with regional nodes at the research and development centers of the sponsoring companies across India's oil and gas industry. This move aims to provide startups with access to real-world pilot sites for testing and validating their technologies. In addition to MC²+, the program has partnered with prestigious institutions like IIT Madras, IIT Kanpur, IIT Kharagpur, C-CAMP, and Venture Center, Pune, offering startups access to infrastructure, laboratory facilities, and mentorship expertise.

The MC²+ Ignite program plans to select around 30 startups, offering them up to Rs 2 crore in milestone-linked convertible funding. This initiative aims to address a significant challenge faced by Indian deeptech and energy startups, which is the lack of access to operating assets, pilot sites, industry customers, and growth capital.

By bringing together capital, infrastructure, technical expertise, and industry access within a structured cohort, MC²+ Ignite seeks to bridge this gap and help startups scale their ventures globally.

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