Program Overview

Vedanta Spark is a Global Corporate Innovation & Ventures program aimed at Strategic Innovation and Investments initiatives such as joint technology and product development, commercial partnerships, equity investments, and strategic acquisitions with startups through Open Industrial Innovation.

What we offer

Partnerships & Collaborations

Co-creation opportunity with Vedanta group of companies, to Commercial Partnerships and/or Strategic Investments.

Capacity & Resources

Leverage massive capacity & resources of Vedanta group in scaling up to commercial production, System Integration, market/business development, channels for distribution, sales, lifecycle support etc.

Tech & Business Expertise

Global mentors & experts in tech, strategy & venture development from Vedanta group & Forge.

Funding & Investments

Strategic Investments opportunities for startups that offer significant value to Vedanta Limited.

Challenges

Vedanta Limited is looking to partner with early-stage, growth stage and venture stage Digital Tech startups working in the following areas to tap into massive innovation and growth opportunities such as -

360 Degree Sustainability & Excellence in Health
Safety & Environment
Operational Excellence - Volume
Recovery & Efficiency Improvement
Asset Optimisation
and Predictive Maintenance, Exploration
Mining & Blasting; Quality Excellence/CTS
Wealth out of Waste (WOW)
Optimized Logistics and Supply Chain Management
Value-Added Product Development among others Learn more

Key Dates - Tentative Timeline

About Vedanta

Vedanta is India's leading and world's 6th largest diversified natural resources conglomerate with business operations majorly in India and also in South Africa, Namibia, UAE and Australia. We are a fully integrated producer of Oil & Gas, Zinc - Lead - Silver, Copper, Iron Ore, Steel, and Aluminium & Power. With our world class, low-cost and long-life assets, Vedanta contributes 1.4% towards India's GDP, as per IFC.

Vedanta is chartering on the next phase of quantum growth towards doubling our production and reducing the cost to become the largest natural resources company in the world with focus on safety, environment, community, ethics and governance with continued focus on Innovation, technology & digitalzation.

Vedanta is a forward looking organization that believes in the power of partnership and collaboration to develop technological innovation for Metals and Mining and Oil & Gas sectors.



Message from the Chairman

Partners

Frequently Asked Questions

Vedanta Spark is a global Corporate Innovation & Ventures program looking to partner with early-stage, growth stage and venture stage Digital Tech startups driving Industrial Digital Transformation in AI, IoT, edge computing, robotics, power electronics, visual intelligence, additive manufacturing etc. for strategic innovation initiatives.
The applicant startups should have a technical working prototype and the program's purview does not include support for ideation/very early-stage startups. Companies that have already tested their prototypes through industrial deployments and paid trials will be given higher preference.
Applications are screened on the basis of Company maturity, Relevance to Opportunity, Completeness of the application and Partnership potential with Vedanta. In-depth evaluation of the qualified applicants on the basis of the following parameters will be undertaken -Technology Advantages, Product Advantages, Market Traction, Growth Potential, Startup Maturity (Team & Capabilities) and Enterprise Value for Vedanta (Case-for & Time-to Integration).
Vedanta Spark provides a unique opportunity for industrial technology start-ups to collaborate and partner with one of the largest Energy & Resources companies in the world. Startups can leverage Vedantas’s capabilities, expertise and massive reach in the energy & resources sector through the program. Top startups stand an opportunity to strategically partner with Vedanta.
  • 360 Degree Sustainability & Excellence in Health, Safety & Environment
  • Operational Excellence – Volume, Recovery & Efficiency Improvement
  • Asset Optimization and Predictive Maintenance
  • Exploration, Mining & Blasting
  • Quality Excellence/CTS
  • Wealth Out of Waste (WOW)
  • Optimized Logistics and Supply Chain Management
  • Value-Added Product Development
  • CSR and Community Development
  • Project Management
  • Outsourced Partner Management Excellence
  • Oil & Gas Decline Management
  • Digital Buying & Selling
  • Legal and Compliance management
  • Employee Engagement
  • Industrial Security
No, there is no fee involved for the participating startups.
Vedanta Spark is looking at Startups from across the globe as part of the program.