Incubation offers to 75 innovators
The state government has provided free incubation offers to 75 young innovators in an attempt to boost the start-up ecosystem in Odisha.
- Published 16.04.18
Bhubaneswar: The state government has provided free incubation offers to 75 young innovators in an attempt to boost the start-up ecosystem in Odisha.
During the grand finale of Startup India-Odisha Yatra held recently, 3,600 ideas were received and 125 of those were short-listed for a three-day accelerator programme.
Experts short-listed 75 of them for incubation offers, who will be given free opportunities at IIT Bhubaneswar, STPI, I-Create at Ahmedabad and BIMTEC, New Delhi, Centurion University, KIIT- TBI, NIIST, Berhampur and Sri Sri University, Cuttack.
The selected innovators will undergo three months' incubation programme and 15 innovators, who will successfully complete the training at these institutions, will get a seed grant of Rs 50,000 for further development on their ideas.
"The recent amendments in the Startup Odisha Policy will further encourage the start-ups and the state will be able to achieve the Mission-1000 start-ups by 2020," said L.N. Gupta, additional chief secretary of the MSME department.
He said that the ideas received during the yatra were very interesting and if successfully incubated, these would make a huge impact on the quality of life.
Most of these innovators come from rural backgrounds. Some of the ideas are asthama relief shirt, hybrid crop harvester, virtual reality-based tourism guide, eco-friendly pens and pencils, Internet of Things-based soil nutrient meter, brain controlled wheelchair and smart wearable device for cattle.
The free incubation offer includes mentorship support, equipped work space, access to labs and free Internet and electricity.
Minister Prafulla Samal said the aim was to build one of the best start-up ecosystems in the country. He said many of the ideas received during the yatra were brilliant and could make a lasting impact on the society.
Chief secretary A.P. Padhi said the state government was offering capital as well as matching grants to the incubators to enable them to build a suitable ecosystem.
"Recently, a grant of Rs 2.5 crore was been given to IIT Bhubaneswar to set up a centre of excellence on artificial intelligence and virtual reality," he said.