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Fundstack 2.0 Boosts Startup

Bhubaneswar: Industries Minister Pratap Keshari Deb Monday urged young minds of the State to come forward and take entrepreneurship seriously.

Attending Startup Odisha’s ‘Fundstack 2.0’ which is a Startup-investor connect programme, Mr.Deb emphasized on institutionalizing the culture of entrepreneurship in young minds and plugging gaps in the ecosystem.

He also solicited suggestions from the invited panel of investors which shall help Startup Odisha to further develop the ecosystem of the State.

Executive Chairman Omkar Rai said that Fundstack is not just a platform that facilitates investment for Startups but also a forum for capacity building and investment readiness which enables the participating Startups to raise funds from private investors who in turn lead the Startups on the trajectory of growth and scaling businesses.

MSME Principal Secretary Ranjana Chopra talked about the progressive & investor friendly Startup Ecosystem in Odisha and remarked that through Fundstack 2.0 the State shall gear up the Startup Community to be ready for the Make 

in Odisha Conclave which plans to bring investors across the globe into Odisha.

The first edition of Fundstack was held virtually in 2021 over 200 Startups gained business insights from over 20 eminent Angel Investors. The second edition this year was a 2-day pitching & networking event to attract investments for Startups.

This programme was planned as a precursor to the upcoming Make in Odisha(MiO)- 2022 which would be held from 30 November 30 to 4 December.

CEO of Startup Odisha, Md. Sadique Alam delivered a welcome address and the programme was followed by an interactive session between Investors & Senior Government officials.

On the second day, the investors joined a round table meeting at the Mayfair Heritage Resort, Puri, where they emphasized on private equity investment to fuel the growth in Startup sector. This grand engaging event of two days concluded with one-on-one meetings between the selected Startups and the investors.

Official sources said the Fundstack will create a platform that builds an engaging relationship between Startups & investors where 20 Startups selected through a rigorous process from shortlisted 100 Startups have got the opportunity to impress investors by presenting their innovative ideas to 20 investors