The Startup Odisha Taskforce has approved a grant-in-aid of Rs 1.23 crore for 15 Startups and an Incubator under the State Startup Policy.
The taskforce approved the grant at its 16th meeting held on virtual platform under the chairmanship of MSME Principal Secretary Satyabrata Sahu.
The taskforce members were highly appreciative of technology innovations developed by Startups, especially a unique blood clotting powder developed by Miraqules Medsolutions that claims to clot the blood of an injured person within 40 seconds.
The Startup has been internationally awarded and is aiming approval of the USFDA by the current year-end before launching the product in the open market.
Other innovations include posture correction of people working on computers for long hours, solar powered sanitary napkin insinerator and protein products from rice husk.
The taskforce also accorded recognition to four reputed academic institutions as Incubators under the Startup policy.
The institutions include VSSUT, Burla, CIPET, Bhubaneswar and AIC-Nalanda and AIC-CV Raman both located at Bhubaneswar. With these new four, the State now has 17 Incubators registered under the Startup Odisha Initiative, working to strengthen the Startup ecosystem.
The taskforce reiterated the Government’s commitment to develop the State as one of the top three Startup Hubs in the country.
The Startup Odisha initiative has so far registered 684 Startups. Odisha has been awarded as a top performer by the Centre in its first State Startup Ranking 2018.