Task force sanctions assiatnce to Startups in Odisha

Bhubaneswar: The 12th meeting of the Task Force of Startup Odisha on Monday sanctioned the total product development and marketing assistance of Rs 13 lakhs to two Startups.

It met under the chairmanship of MSME secretary L.N. Gupta.

Oeuvere Technologies and Consulting Private Limited, working in the area of digital healthcare and Sarala Power Tech Pvt Ltd working in the field of renewal energy received the assistance.

It may be mentioned that Oeuvere Technologies is a women-led Startup.

The Task Force also sanctioned ‘monthly assistance’ of total Rs 12.48 lakhs in favour of five Startups namely, Mere Edu Services Pvt Ltd (Digital Education), Negotrip Pvt Ltd (Travel & holidays), Epsum Labs Pvt Ltd (IOT based), Fooliyo Technologies Pvt Ltd (Logistics) and Manju Helpingkart Services Pvt Ltd (Household services).

It is noteworthy that the two of these startups are led by entrepreneurs from SEBC category.The Task Force also approved financial support of Rs 20,000 to Procyto Labs Pvt Ltd for attending an international event in Japan.

With these benefits, the number of financial benefits extended Startup Odisha to startups have gone up to 70.

The Task Force accorded recognition to one more incubator namely, I-HUBINC Bhubaneswar. With these, the number of incubators recognized under the Startup Odisha has gone up to 12 having total incubation space of more than 4.3 lakh square feet.

The Task Force also granted in-principal approval to organize 5 Accelerator Programs and 4 Hackathons for Startups by end of May 2019 in partnership with Incubators, Academic Institutions and other Government Departments.