Recognition For Startups

 As many as 130 Startup ventures in 34 sectors have been recognized and brought under the fold of Odisha Startup Initiative, said Chief Secretary Aditya Prasad Padhi.

Chairing the second Startup Council Meeting here today, Mr.Padhi directed the concerned officials to undertake more focused and outcome oriented activities for promotion of innovative entrepreneurship in the State.
Chairman Odisha Skill Development Authority Subroto Bagchi suggested having more engagement with sponsoring and evaluating institutions for scouting increasing number of innovations. 
The meeting decided to provide all support for flourishing of a world class state-of-art Center of Excellence in the Research & Entrepreneurship Park of IIT, Bhubaneswar. It would be a center of Virtual & Augmented Reality for Immersive Visualization.
 The Center was given a kick start by philanthropic contribution of Rs 2.5 crore from Susmita Bagchi and a matching grant of Rs 2. 5 crore by the State Government.

Omkar Rai , Director General of Software Technology Park of India ( STPI) assured all support from STPI. Sri Rai also appraised that STPI would provide a fund support of Rs 2.5 crore for the Center.
 Prof R V Raja Kumar, Director IIT, Bhubaneswar said that the center would have a world class incubation center, laboratory, highly focused courses along with education and skill development programs. 
The Council approved the product development and financial assistance in favour of two new start ups in the field of ‘automation in Industry maintenance’, and ‘alternative technology for repair of oil and gas pipe lines’.
Various activities for coming 6 months with estimated expenditure of Rs 15 crore was discussed and approved in the meeting.
 The meeting nominated XIMB, Centurion University, IITM, and KIIT for evaluating the startup proposals and sponsoring those to the Council.
 It may be pertinent here to mention earlier the Council had nominated 6 nodal agencies for evaluating and processing start up applications. These were IIT, Bhubaneswar, STPI, Bhubaneswar, NIT, Rourkela, IMMT, Bhubaneswar, OUAT, Bhubaneswar and NIFT, Bhubaneswar. 
Additional Chief Secretary MSME Laxmi Narayan Gupta appraised that so far 18 innovative entrepreneurs are getting financial assistance from the Council.
 “With today’s’ approval of two more, the number grows to 20. These startups are working in 34 different sectors ranging from agriculture to aeronautics, from analytic to virtual reality, health sector to human resources, IT services to internet of things , renewable energy to robotics and from tourism to transportation”, he said. 
Mr.Gupta further added, “Four Incubation Centers operating in the State have been brought under the fold of the Council.
Odisha Startup Policy has already been notified. An interactive web portal under the name  has been launched and operating well”. 

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