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80 Startups Recognised

As many as 80 Startups working in diverse areas have been recognized by the Startup Odisha Initiative (SOI) during the last two months.

 
This was revealed at the second meeting of the Task Force held under the Chairmanship of Additional Chief Secretary(ACS), MSME LN Gupta.
 
The Task Force was also informed by the CEO, IED  Samarendra Sahu that 32 more Startup applications are under process.
 
The Task Force also considered and approved monthly allowance grant of Rs.20,000 per month for eight recognized Startups.
 
These Startups are working in diverse innovative areas. For example, Phoenix Robotix Pvt Ltd is developing technologies based on Internet of Things and Wireless Sensor Networks for industrial applications. They have employed 23 employees.
 
Similarly, Maiestas Technologies Pvt Ltd is working on next generation LED Luminaries and is currently providing direct employment to more than 75 persons in the State.
 
The Startups approved with monthly assistance also include 03 Startups founded by women entrepreneurs namely, DD Bio Solution Technology, Krea Foods and Beverages and Prantae Solutions (OPC) whereas, DD Bio Solution Technology is a biotech company focusing on innovative technology relating to energy and environment, Krea Foods and Beverages and Prantae Solutions (OPC) are working in the area of developing health and organic food products addressing malnutrition.
 
The Task Force also recommended to IDCO to consider giving priority to recognised startups in the matter of land allotment.
 
The Task Force also decided to extend mentorship support to the applicant startups at IIT, Bhubaneswar, KIIT-TBI and IOT Centre of Excellence at NASSCOM, Delhi.
 


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