ONGC hosts Mumbai City Connect of MC²⁺ Ignite at IIT Bombay; Tripartite MoU signed to strengthen Energy Innovation Ecosystem

Oil and Natural Gas Corporation Limited (ONGC), in association with the MC²⁺ Foundation, hosted the Mumbai City Connect of the MC²⁺ Ignite energy innovation accelerator at IIT Bombay. A tripartite Memorandum of Understanding (MoU) was signed between the MC²⁺ Foundation, IIT Bombay, and the Society for Innovation & Entrepreneurship (SINE), IIT Bombay, to strengthen collaboration between industry, academia, and startups. The accelerator aims to support up to 30 high-potential early-stage startups with funding of up to ₹2 crore per startup across seven thematic areas, including AI-driven Subsurface Intelligence, hydrogen and mobility, and bioenergy.