The Odisha authorities has determined to arrange a start-up hub with widespread amenities by March subsequent yr to create employment alternatives for youth within the State, an official stated on Sunday.
The federal government has additionally given its in-principle approval to offer monetary help to 5 startups and 4 incubators, he stated.
“With the completion of the brand new start-up hub by March 2021, it will be a centre of excellence with co-working house, laboratory and customary providers beneath one roof,” the official stated.
The choice for establishing the hub was taken at a State Startup Council Assembly chaired by Chief Secretary AK Tripathy right here on November 13.
In the course of the assembly, the State authorities gave its in- precept approval for offering monetary help of round ₹2.88 crore to 5 start-ups and 4 incubators, he stated.
Tripathy additionally directed officers to make a third-party evaluation on the outcomes of the monetary help to those items.
The chief secretary additionally requested them to strengthen the start-up ecosystem in Odisha via a strategic partnership and coverage intervention.
The variety of start-up ventures in Odisha has gone as much as 774, which created 6,000 employment alternatives.
“The Council recognised the primary start-up in June 2017. The quantity has elevated to 774, together with 250 women-led items, by November 2020,” the official stated.
Monetary help of over ₹15 crore has been supplied to 196 start-ups and incubators, he added.