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18/12/2017 10:57am

Odisha govt targets setting up 1000 startups in next three years

image Odisha govt targets setting up 1000 startups in next three years

New Delhi, Dec 18 (KNN) Eyeing at increasing startups and Micro, Small and Medium Enterprises (MSMEs) in the state, the Odisha government recently announced its target to set up over 1000 startups in the next there years.

State Minister for Micro, Small and Medium Enterprises, Prafulla Samal said that the state of Odisha has a favourable ecosystem for the new businesses to flourish. Provided that there is such  a viable opportunity in place, the state government has chalked the target to set up over 1000 startups by the year 2020.

He further highlighted that the roadmap ahead is being set with an aim to emerge amongst the top 3 startup hubs in the country by the target year of 2020.

The government further notified that for now, over 152 Startups different sectors along with four Incubators have been recognised under the Startup Odisha Initiative during the last nine months. Of which, over 15 Startups are led by women

The government recently launched the Startup Odisha program under which it provides monthly allowance of Rs 20, 000, product development and marketing assistance up to Rs 15 lakh. Also the program offers and need-based assistance to Startups and capital grant amounting to Rs 5 crores to the incubators.

He was speaking at the he two-day “TiEcon Delhi 2017” entrepreneurship conference under the theme “Dare to Dream”, held in the national capital.

TiEcon Delhi 2017 event took place recently with over 15 startups from Odisha participating in the event. The startups were from different sectors including healthcare, IT, biotechnology, electronics and services, food processing displaying their products at their state pavilion. (KNN/DA)


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