Startup Odisha’s Flagship Initiatives Startup Yatra and Startup Xpress 2023 Are Set to Revolutionize State’s Entrepreneurial Landscape
- Aims To Nurture Innovation, Foster Entrepreneurship, And Scout Ideas from both school and college students and innovators across Odisha
- Odisha’s Chief Minister Naveen Patnaik Will Inaugurate Odisha Startup Yatra and Startup Xpress 2023, reinforcing Odisha’s vision of fostering 5000 startups by 2025
Startup Odisha, an initiative of the MSME Department, Government of Odisha has today announced the launch of Odisha Startup Yatra and Starup Express 2023, the newest edition of its flagship initiatives. The initiatives will be flagged off by Hon’ble Chief Minister Shri Naveen Patnaik on 11th September. With a core focus on guiding and empowering young minds at the grassroot level in the realms of innovation and entrepreneurship, the initiatives seek to equip them for harnessing the ample opportunities within the startup ecosystem.
Through a series of engaging initiatives, including both Van Camps and Boot Camps for scouting innovative ideas, Startup Odisha will engage with educational institutions across the 30 districts in Odisha, involving 200+ colleges and 60+ schools thus impacting 25,000+ students. As part of these initiatives’ Startup Odisha will conduct 200+ van camps across colleges along with 60 van camps in various schools followed with more than 120 bootcamps generating over 3500+ ideas.
The past edition of Startup Odisha Yatra showcased remarkable achievements: spanning 30 districts, conducting 30 Bootcamps, hosting 114 Van camps, engaging 100+ colleges, which witnessed 1350 ideas and 10,270 students amongst which 22 top ideas were selected for the acceleration program culminating in the demo day where 11 finalists were awarded INR 1 lakh each.
The upcoming edition of the Startup Yatra aims to further take this endeavour to greater heights where atleast 50 shortlisted ideas will be invited for a 3-day Acceleration programme. Thereafter, top 25 Ideas will be invited to O-Hub for the demo day out of which 10 will be awarded seed funding worth INR 3,00,000 each to develop their ideas into viable startup ventures. A dedicated Mobile Application has been developed to collect the innovative ideas from the young innovators.
Additionally, top 20 ideas from Startup Xpress 2023 will be invited for final pitching out of which 10 ideas will be awarded with cash prize of INR 10,000 each to encourage these young students and build their entrepreneurial spirit.
Commenting on the importance of Startup Yatra 2023, Industries, MSME and Energy Minister, Shri Pratap Keshari Deb said, “As Odisha marches towards its mission of 5000 Startups by 2025, Odisha Startup Yatra and Startup Xpress 2023 will be pivotal in bringing innovative ideas to the forefront. With a track record of nurturing innovation, fostering entrepreneurship, and providing robust support to women entrepreneurs, these initiatives stand as a transformative experience, poised to accelerate the startup ecosystem’s growth and success in the state.”
Dr. Omkar Rai, Executive Chairman of Startup Odisha said, “Odisha Startup Yatra and Startup Xpress 2023 marks a significant leap for Odisha’s startup ecosystem. With 1700+ startups, including 42% led by women, and supported by 27 incubators, Odisha thrives as an entrepreneurial hub. These initiatives will empower students by offering insights, idea pitching, and a pathway to the acceleration program. We aspire for this journey to enhance entrepreneurship, catalyse innovative breakthroughs, and unify the state on its path to becoming a transformative ideas hub.”
Shri Saswat Mishra, Principal Secretary, MSME Department, Government of Odisha said, “Odisha Startup Yatra and Startup Xpress 2023 represents a pivotal moment for Odisha’s burgeoning startup landscape. It is set to empower our students, providing them with valuable insights, opportunities to pitch their ideas, and a clear pathway to help them build successful startups. the enthusiasm and eagerness of our youth to bring new ideas to life will exemplify the transformative power of entrepreneurship.”
The Odisha startup Yatra and Startup Xpress journey culminates with a grand finale in Bhubaneswar, where students can showcase their ideas and be awarded with cash prizes along with mentorship opportunities and legal guidance from Startup Odisha.
About Startup Odisha
Startup Odisha under the MSME Dept. Govt. of Odisha as the Nodal agency for building the startup and innovation ecosystem in the state, came into existence in 2016 with Odisha Startup Policy-2016. The vision is to introduce a holistic and inclusive ecosystem for the existing and aspiring startups, establish itself as one of the top startup hubs in the country, and enable the youth of Odisha to become Job-Creators and support the state in employment generation. With the unique support system under the Odisha Startup Policy 2016, Startup Odisha has supported Women/SC/ST/PH/Transgenders-led startups/ entrepreneurs by providing them with financial grants, subsidized incubation and exposure in participating in various national and international events. Since its inception, Startup Odisha has been home to the best entrepreneurial minds & has already supported and facilitated more than 1700+ Startups, with 600+ startups led by women directors, founders and co-founders. It houses the facilities and services ranging from a world-class infrastructure with state of an art facility called O Hub to the best Incubation facility supported by a proactive team, the aim is to take a leap for registering a minimum of another 5000 startups with recognition by 2025. Startup Odisha has been continuously evolving in its Policy measures, always ensuring to have a responsive policy framework. We have been the top performing Startup Hubs for three consecutive years in the country.
Overview of Startup Odisha Ecosystem
- 1700+ Recognised Startups
- 600+ Women Lead Startups
- 4 Lakh Sq. Ft O-Hub Incubation Centre for Startups
- 27 Incubators
- 15 Nodal Agencies
- 200+ Mentors
- 75+ E Cells
- 15 R&D Centres
- 15,000+ Jobs Generated
- 350.42 Crore Revenue Generated by Startups in FY: 2021 – 22
- 100 Crore Odisha Startup Growth Fund for Startups
- 21 Crore monetary benefits sanctioned to startups
- 357 Crore external investment raised by startups
