Home » MSME » Start up Conclave will be held from 11th to 15th November

Start up Conclave will be held from 11th to 15th November

A Startup Conclave will be organized during the forthcoming 2nd edition of Make in Odisha
to be held between 11th-15th of November, 2018. This was decided in the 3rd meeting of the Startup
Council held today under the Chairmanship of Chief Secretary Shri A.P. Padhi. The Startup
Conclave will include a heckathon, boot camp and exhibition of products and services of Startups of
Shri L.N. Gupta, ACS, MSME informed the Council that till date 233 startups have been
recognised in the state, which comes to @20 startups per month. 37 benefits have been given to 30
startups, 11 of which (i.e. more than 1/3rd) are women-led startups. He added that these 30 assisted
startups are providing employment to 476 persons. There are 7 incubators working for incubation of
the startups with a total incubation area of over 4 lakh sq.ft. to assist the startups. Already a network
of 108 mentors have been put in place.
The Startup Council approved the one time capital grant of Rs.1 crore in favour of KIIT TBI
and of Rs. 50 lakh in favour of Foundation for Technology Business Incubator of NIT, Rourkela.
The Startup Council also sanctioned need based assistance of Rs.5 lakhs to the startup namely,
Orduino Labs Pvt Ltd and Rs.12 lakh to Coastkings Pvt. Ltd. The Startup Council also approved
nomination of 3 new Nodal Agencies namely, Sri Sri University for the areas of ‘agriculture, food
processing, social entrepreneurship’, Institute of Hotel management Catering Technology & Applied
Nutrition, Bhubaneswar for ‘hospitality and tourism’ and National Institute of Science and
Technology, Berhampur for Electronic System Design & Manufacturing (ESDM), Embedded
System & Internet of Things (IOT), Renewable Energy. The Council also took note of expenditure

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

Enhanced Import Duty on Bamboo Sticks to give a big boost to Agarbatti and Bamboo Industries in India: KVIC

he Central Government’s decision to increase import duty on bamboo sticks from 10% to 25% ...

Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs (a)Rs 20000 crore package for Distressed MSMEs and (b) Rs 50,000 crore equity infusion through Fund of Funds

In line with Government of India’s top focus on energising MSMEs in the country, a ...

Government is exploring new financial lending institutions to support small-scale units – Shri Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today said that ...

Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry: Shri Gadkari

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that ...

Borrowing limit of states increased from 3% to 5%; Public sector to be open for private players: FM

Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. ...

Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan

In her opening remarks during the 5th Press Conference here today on stimulus package to fight ...

KVIC comes forward to hand-hold local production

The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra ...

PM Modi announces special economic package worth Rs 20 lakh crore to kick-start economy

Prime Minister Shri Narendra Modi addressed the nation today. Recalling those who have died battling ...

Amid lockdown HIL (India ) limited eying big orders from African countries

Despite enormous logistic and other challenges posed by COVID-19 lockdown, HIL (India) limited, a PSU ...

Shri Nitin Gadkari emphasizes on Agro, Fishing and Forest MSMEs for manufacturing products using local raw material

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has emphasized on ...

WP2Social Auto Publish Powered By : XYZScripts.com