Bhubaneswar: The number of Start-ups recognised under the Startup Odisha Initiative has gone up to 266, said an official on Thursday.
The 9th meeting of the Task Force of Startup Odisha held under the chairmanship of MSME secretary L.N. Gupta sanctioned the Product Development & Marketing Assistance of Rs.10 lakh each to Medtel Healthcare Pvt. Ltd and Maiestas Technologies Pvt. Ltd.
Medtel Healthcare is working in the one of digital pharmacy/healthcare, while Maiestas Technologies is working in the area of Industrial LED manufacturing.
It may be mentioned that Medtel Healthcare has already got an equity investment from DFID.
The Task Force also considered and sanctioned ‘Monthly Assistance’ in favour of four Startups namely, Basic Trip Life Pvt. Ltd. (hospitality and travel), Captivating Epicure Pvt. Ltd. (e-meat delivery), Forestica Booty Pvt. Ltd. (herbal products) and Serene Design & Marketing Pvt. Ltd. (innovative designer products based on belmetal, brass, textiles etc.).
It is noteworthy that two of these Startups Basic Trip Life and Serene Design & Marketing are led by women entrepreneurs.
With these benefits, the number of Startups assisted under Startup Odisha has gone up to 36 given total 46 benefits.
The Task Force also accorded recognition to two new incubators namely, SSU Innovations Pvt. Ltd. of Sri Sri University and Srusti Academy Development Foundation of Srusti Academy of Management.
With these, the number of incubators approved under the Startup Odisha has gone up to nine.