Bhubaneswar: The 11th meeting of the Task Force of Startup Odisha, which met Friday under the chairmanship of MSME additional chief secretary L.N. Gupta sanctioned the total Product Development & Marketing Assistance of Rs.28 lakhs to 5 Startups namely, M/s. Phoenix Robotix Pvt. Ltd., working in the area of IoT and Smart Sensors, M/s Orbonix Labs Pvt Ltd (Health-tech), M/s Iservu Technology Pvt Ltd a Fin-Tech Startup and M/s Inksand Art and Crafts India Pvt Ltd working in the field of Handicrafts and Santan Fertility Centre and Research Institute Pvt. Ltd. (Healthcare).
The Task Force also sanctioned ‘Monthly Assistance’ of total Rs.10 lakhs in favour of 4 Startups namely, Inhof Technologies Pvt Ltd, Basal Initiatives Pvt Ltd, Krushaco Services Pvt Ltd and Sarala Powertech Consulting Engineers LLP. It is noteworthy that one of these startups i.e. Basal Initiatives Pvt Ltdwere led by women entrepreneurs. With these benefits, the number of financial benefits extended to startup have gone up to 61.
The Task Force also accorded recognition to two new incubators namely, CTTC- Innovation and Incubation Centre, Bhubaneswar and Incuvations Foundation, NIST, Behrampur. With these, the number of incubators approved under the Startup Odisha has gone up to 11 having total incubation space of more than 4.2 lakh square feet.
The Task Force also decided that the Startup Odisha Yatra 2.0 will be launched in the 1st week of February, 2019 with a view to scout grassroots innovation over 50 institutions across 15 districts. Around 10 boot camps will be organized at various professional institutions to identify innovators. The Task Force also placed on record its appreciation for the recognition of the state as ‘Top Performer’ by the Central government DIPP for developing the strong startup ecosystem.
The meeting was attended by CEO, IED P.J. Nath, Director, OUAT Dr. S. Mishra, Invest India’s Suyash Mishra, Startup IndiaDr Preet Deep Singh, Additional Secretary, Finance P.K.Nanda, Special Secretary, E & IT R.N. Palai, IIT,Bhubaneswar’s Dr. Y.G. Bhumkar, Director General UCCI Rajan Padhi, Director, STPI M. Panda, President TiE Debashis Patnaik, MD Tatwa Technologies Ayaskanta Mohanty, President Luminous Infoways Jayashree Mohanty.