Bhubaneswar: With a core focus on guiding and empowering young minds at the grassroot level in the realms of innovation and entrepreneurship, Startup Odisha, an initiative of the MSME Department, is going to organize Odisha Startup Yatra and Startup Express 2023.
The initiatives will be flagged off by Chief Minister Naveen Patnaik on September 11.
MSME Minister Pratap Keshari Deb said, “As Odisha marches towards its mission of 5000 Startups by 2025, Odisha Startup Yatra and Startup Xpress 2023 will be pivotal in bringing innovative ideas to the forefront.”
With a track record of nurturing innovation, fostering entrepreneurship, and providing robust support to women entrepreneurs, these initiatives stand as a transformative experience, poised to accelerate the startup ecosystem’s growth and success in the State, he said.
Through a series of engaging initiatives, including both Van Camps and Boot Camps for scouting innovative ideas, Startup Odisha will engage with educational institutions across the 30 districts in Odisha, involving 200+ colleges and 60+ schools thus impacting 25,000+ students.
As part of these initiatives’ Startup Odisha will conduct 200+ van camps across colleges along with 60 van camps in various schools followed with more than 120 Boot camps generating over 3500+ ideas.
The upcoming edition of the Startup Yatra aims to further take this endeavour to greater heights where at least 50 shortlisted ideas will be invited for a 3-day Acceleration programme.
Thereafter, top 25 Ideas will be invited to O-Hub for the demo day out of which 10 will be awarded seed funding worth Rs 3 lakh each to develop their ideas into viable startup ventures. A dedicated Mobile Application has been developed to collect the innovative ideas from the young innovators.
Additionally, top 20 ideas from Startup Xpress 2023 will be invited for final pitching out of which 10 ideas will be awarded with a cash prize of Rs 10,000 each to encourage these young students and build their entrepreneurial spirit.
The past edition of Startup Odisha Yatra showcased remarkable achievements: spanning 30 districts, conducting 30 Bootcamps, hosting 114 Van camps, engaging 100+ colleges, which witnessed1350 ideas and 10,270 students amongst which 22 top ideas were selected for the acceleration program culminating in the demo day where 11 finalists were awarded Rs 1 lakh each.