80 startups recognised by Government so far

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As many as 80 Startups working in diverse areas have been recognised by the Startup Odisha Initiative during the last two months.

It was revealed at the 2nd Taskforce meeting held under the chairmanship of MSME ACS lN Gupta at the Secretariat here. IED CEO Dr Samarendra Sahu informed that 32 more startup applications are under process.

The Taskforce approved monthly allowance grant of Rs 20,000 per month for eight recognised Startups. The startups include Phoenix Robotix Pvt ltd which is developing technologies based on Internet and wireless sensor networks for industrial applications and it has given employment to 23 persons. Similarly, the Maiestas Technologies Pvt ltd is working on next generation lED luminaries and has given jobs to more than 75 persons.

The Startups approved with monthly assistance also include three startups founded by women entrepreneurs namely, DD Bio Solution Technology Pvt ltd, Korea Foods and Beverages Pvt ltd and Prantae Solutions (OPC) Pvt ltd.

The Taskforce also recommended to IDCO to consider giving priority to recognised startups in the matter of land allotment. It also decided to extend mentorship support to the applicant startups at IIT, Bhubaneswar, KIIT-TBI and IOT Centre of Excellence at NASSCOM, Delhi.

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