Bhubaneswar, Jan 13 (KNN) Odisha will soon have its own Start-up Park just in the line of T-hub of Hyderabad to create an ecosystem for start-ups to grow but will also encourage them innovate.

Odisha MSME Secretary LN Gupta, while addressing Odisha Start-up Summit, said it will be a one-stop destination to facilitate young entrepreneurs in the state.

He said the startup hub will be developed in public, private partnership (PPP) mode for which the Odisha Government has initiated talks with T-Hub and is planning to replicate their model here.

“The proposal is in initial stage and CEO of T-Hub Jay Krishnan is likely to visit the state soon," Gupta said.

Around 100 serious startups and many aspiring entrepreneurs including engineering students took part in 'Odisha Startup Summit' started here on Thursday jointly by Bhubaneswar Startups-a group of young entrepreneurs and Trident Group of Institutions here.

"The summit will give a good platform for the aspiring entrepreneurs. There are new incentives undertaken for the startups as per state government's start-up policy," he added.

The Summit had deliberations from experts, stakeholders on startup work culture, challenges, legal and compliances including due diligence, legal employment, contracts, compliance, tax and seriousness.

The participants also got a chance to interact with bank officers about loan documentation, loan processing, eligibility criteria, startup schemes and MUDRA loan.