Odisha: 20 startups getting recognized every month, beats national average
(Sourced from PTI)
Odisha has surged in its startup initiative, with around 20 ventures getting recognized by the state government each month which is more than the national average, Additional Chief Secretary, Micro Small & Medium Enterprises, LN Gupta said at Startup Council Meeting. The Startup Initiative has registered around 233 ventures across 39 sectors within a year. These units are presently providing employment to 2,000 people.
Chief Secretary AP Padhi gave nod to three new nodal agencies for startups. These centers are Institute of Hotel Management, Bhubaneswar; Sri Sri University, Cuttack; and NIST, Berhampur. The proposal for providing financial assistance to Technology Business Incubator in NIIT, Rourkela and Technology Business Incubator in KIIT, Bhubaneswar were also approved. Need-based assistance was approved for Ordunio Labs and Coastkings Pvt Ltd.
Padhi also directed the department to have close need-based mentoring of the startups so as to make them successful entrepreneurs and producers. He advised the department to promote employment intensive startups in Odisha.
Presently, seven recognized incubators are operating for startups in the state. These Incubators are in IIT-Bhubaneswar; NIIT, Rourkela; Institute of Mineral and Mining Technology, Bhubaneswar; Software Park of India, Bhubaneswar; OUAT, Bhubaneswar; NIFT, Bhubaneswar; KIIT Technology Business Incubator, Bhubaneswar; Centurion, Bhubaneswar and Xavier University, Jatani. Around 4L sqft have been made available for the startups in these incubators, Gupta said.
Development Commissioner R Balakrishnan advised the department to organize a startup conclave along with 'Make in Odisha' conclave in November this year. "Around 30 units in Odisha have been provided various benefits like monthly allowance, product development assistance, need-based assistance among others," he said.