Odisha StartUp Conclave From 11th to 15th November

By Odisha Story Bureau, Bhubaneswar:


A Startup Conclave will be organized during the forthcoming 2nd edition of Make in Odisha to be held between 11th-15th of November, 2018. This was decided in the 3rd meeting of the Startup Council held today under the Chairmanship of Chief Secretary Shri A.P. Padhi.

The Startup Conclave will include a heckathon, boot camp and exhibition of products and services of Startups of Odisha. Shri L.N. Gupta, ACS, MSME informed the Council that till date 233 startups have been recognised in the state, which comes to @20 startups per month. 37 benefits have been given to 30 startups, 11 of which (i.e. more than 1/3rd) are women-led startups. He added that these 30 assisted startups are providing employment to 476 persons. There are 7 incubators working for incubation of the startups with a total incubation area of over 4 lakh sq.ft. to assist the startups.

Already a network of 108 mentors have been put in place. The Startup Council approved the one time capital grant of Rs.1 crore in favour of KIIT TBI and of Rs. 50 lakh in favour of Foundation for Technology Business Incubator of NIT, Rourkela. The Startup Council also sanctioned need based assistance of Rs.5 lakhs to the startup namely, Orduino Labs Pvt Ltd and Rs.12 lakh to Coastkings Pvt. Ltd.

The Startup Council also approved nomination of 3 new Nodal Agencies namely, Sri Sri University for the areas of ‘agriculture, food processing, social entrepreneurship’, Institute of Hotel management Catering Technology & Applied Nutrition, Bhubaneswar for ‘hospitality and tourism’ and National Institute of Science and Technology, Berhampur for Electronic System Design & Manufacturing (ESDM), Embedded System & Internet of Things (IOT), Renewable Energy.

The Council also took note of expenditure of Startup Odisha Initiative for Financial Year 2017-18 and approved its budget of FY-2018-19. Total 233 startups recognised by Startup Odisha are working in 39 sectors ranging from advertising and aeronautics, education and enterprise to software and renewable energy and retail and robotics. However, the maximum numbers of startups are working in IT, IoT, e-Commerce, food and beverage, green technology, health care and life science, education, agriculture and renewable energy.

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Odisha Story Bureau
A team of young journalists headed by Subhransu Panda, founder-editor of Odisha's leading news portal and magazine Odisha Story. Mail: editor@odishastory.com