Odisha Recognised As Top Performer In All India States’ Startup Ranking

31 May 2019


Bhubaneswar: The continuous and arduous efforts of Odisha government to make it a startup hub finally bore fruit when Odisha was recently declared as the top performer in the States’ Startup Ranking in all India level. This was revealed at the State Startup Council Meeting held under the Chairmanship of Chief Secretary Aditya Prasad Padhi.

Around 27 States and 3 Union Territories participated in the exercise. And the ranking was done on the basis of 38 parameters in 7 key reform areas such as policy implementation, incubation support, seed funding support, angel and venture capital funding support, simplified regulations, easing public procurement, awareness and outreach. MSME Additional Chief Secretary Laxmi Narayan Gupta informed this while outlining the issues for discussion at the meeting.

In the meeting, CS Padhi reviewed the progress of startup policy implementation and approved a proposal of setting up startup hubs in big cities of the State for promoting startup ecosystem and attracting investment. He directed to prepare a detailed business plan of the proposed hubs for its effective management and operation. He further directed to make the conclave outcome oriented in terms of attracting investment in innovation startups.

The meeting also decided to organise a national level startup conclave in Odisha to strengthen local startup ecosystem.

Notably, as many as 592 startup ventures have been registered so far through Odisha Startup Portal out of which 423 have been recognised by the Startup Council. It includes 138 women led startups.

Till now, 73 startups and incubators have been awarded financial grant and other support. Around 110 mentors have been registered and 12 incubators have been made functional. A total number of 12 Nodal Agencies have been empanelled for recommending the innovative startups and 66 entrepreneurship-cum-startup cells have been set up.

Issues relating to need-based assistance to startups, onetime capital grant to incubators, setting up startup hubs, startup seed fund, introduction of startup & entrepreneurship-related courses in universities and schools, strengthening of startup secretariat were deliberated in the meeting.