Bhubaneswar : Odisha has performed remarkably in the startup initiative exceeding the national average. While the state recognizes 20 start ups per month, the national average is 17 to 18 start-ups per month.
“Odisha strides ahead in Startup initiative exceeding the national average. The Odisha Startup Initiative has so far registered around 233 startups across 39 sectors within one year with a registration rate of around 20 per month” said Odisha Additional Chief Secretary(ACS), Micro Small & Medium Enterprises Laxmi Narayan Gupta during a review meeting by the Odisha Start up council.
During the meeting Odisha Chief Secretary Mr. Aditya Padhi gave nod to three new nodal agencies, financial assistance for two new incubators and need based assistance for two new startups.
Approving the proposals Mr.Padhi directed to have close need based mentoring of the startups so as to make them successful entrepreneurs and producers.
The meeting approved the proposals for registering three new institutions as Nodal Centers for the startups. These 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 in the meeting.
Need based assistance was approved in favour of Ordunio Labs for carrying forward its innovation of embedded Sim. The innovative ideas of Coastkings Pvt Ltd for sea food processing and packaging was also accorded approval for need based assistance. These units are presently providing employment to around 2000 persons. Additional Chief Secretary Mr.Gupta mentioned, “ the rate of registration of startups in Odisha is higher than the national average”.
Presently 7 recognized incubators are operating for stratups 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 4 lakh sq. feet of space have been made available for the startups in these incubators.