Industries Minister Debi Prasad Mishra on Wednesday pointed out that innovations are key to economic progress and suggested that steps be taken in the State for incubation of promising innovations.
At a meeting organised by the Bhubaneswar chapter of the The Indus Entrepreneurs (TiE) here, Mishra said Bhubaneswar has the right mix of educational and research institutions to provide a huge boost to the efforts to promote innovations and advised the budding entrepreneurs to take the guidance of experienced and successful entrepreneurs for negotiating the hurdles on the way.
local MlA Priyadarshi Mishra said the efforts of the organisers would definitely help the culture of entrepreneurship take firm roots in the State. The TiE’s Bhubaneswar president Dulal Pany briefed about its activities and programmes and secretary Debasish Patnaik gave a vote of thanks.
Pany welcomed the proposal of the Government of India in its recent budget to provide `100 crore to promote entrepreneurship in the rural areas. He also mentioned the budget proposal to set up a fund of `10,000 crore to provide finance in various shapes to start up companies.
The TiE is a global nonprofit network of entrepreneurs and professionals for advancement of entrepreneurship. The meeting was part of the TiE Bhubaneswar’s Entrepreneurship Arena event, which showcased the progress of about 30 upcoming entrepreneurs facilitated by the TiE Odisha to locate mentors. Most of those are operating in the IT spheres, but some are in other areas like consulting and other services.