Bhubaneswar: Hall of Fame 2.0, a joint endeavour of TiE Bhubaneshwar and Start-up Odisha, was inaugurated by Omkar Rai, Executive Chairman, Start-up Odisha, Manoj Mishra, Secretary, Electronics and IT, Government of Odisha, Debashish Patnaik, President, TiE Bhubaneshwar, and Sunil Taneja, Vice President, TiE Bhubaneshwar.
25 start-ups from across the state showcased their products and ideas at a specially organised exhibition during Hall of Fame 2.0
Speaking at the inauguration, Omkar Rai, Executive Chairman, Start-up Odisha, Government of Odisha said, “The start-up ecosystem in the State has attained critical mass. During the current year, the start-up ecosystem in Odisha has received around Rs 100 crore funding in various start-ups of the State and the total funding has risen to Rs 359 crores from angel investors and venture capitalists.”
“We have been receiving very encouraging response from the start-ups on the ground from across the State. The recently concluded Odisha Start-up Growth Fund, Fund of Funds has attracted a commitment of over Rs 1000 crores, which will be made available to start-ups and will be invested in another 5 years. I am sure that at the conclusion of Hall of Fame 2.0 the chosen 25 start-ups will bring in more investment into our ecosystem. Odisha today has a large pool of mentors and world-class incubators, with a best-in-class start-up policy. We are in the process of revising the Start-up Policy, and an enhanced policy will be announced at the forthcoming Make in Odisha Conclave 2022,” he added.
In his address, Manoj Mishra, Secretary, Electronics and IT, Government of Odisha said, “The IT space in Odisha has been changing rapidly for the better and start-ups have had a large role to play. The exhibition by the 25 start-ups for Hall of Fame 2.0 is very impressive with a wide variety of products, both IT and non-IT that represents the whole start-up ecosystem in the state. My advice to start-ups is not to stop self-growth. From the idea to making it a company is a difficult journey, but the fact that you have been chosen, shows that you have the right idea. Don’t chase valuation, but rather chase the value for your product and create values to make your company flourish. Read books and keep adding value to yourself and your company. I congratulate TiE Bhubaneshwar for creating this platform and for identifying such kind of innovative start-ups.”
Debashish Patnaik, President, TiE, Bhunabeshwar, in his address said, “Hall of Fame was planned to showcase the innovative ideas and creativity of deserving start-ups, whose expertise has not been recognised. Hall of Fame showcases 25 start-ups, who have displayed their products in the exhibition.”
Delivering the vote of thanks, Sunil Taneja, Vice President, TiE, Bhubaneshwar said, “TiE is here to support entrepreneurs. In order to be considered as entrepreneurs, you need to hire, you must delegate, you have to be last in the line with regard to finance and money, salaries, taxes and other overheads need to be paid first, and lastly you should have no fear of failure.”
High level investors from across the country including Mumbai Angels, Indian Angels, Lets Venture and others interacted with the start-ups and shared with them important aspects in financial management related to their products and services. An open house session was conducted with investors for start-ups to interact, clear doubts and receive advice on entrepreneurship.