Odisha Top Performer in the State Startup Ranking 2018

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Odisha Top Performer in the State Startup Ranking 2018

New Delhi/Bhubaneswar: December 21:  Odisha has been ranked as the Top Performer State in the State Startup Ranking 2018, announced by Department of Industrial Policy and Promotion (DIPP), Government of India here on Thursday. This is the first ever ranking of states on 38 parameters relating to their respective Startup ecosystem including feedback from a large number of beneficiaries. Odisha has also been declared Champion State in terms of Start-up Policy Implementation, Incubation Hub, Seeding Innovation, Regulatory Change framework, Public Procurement Initiative and Communication. L.N.Gupta, Additional Chief Secretary, MSME Deptt., Government of Odisha received the Top Performer Certificate of Appreciation on behalf of Government of Odisha from Ramesh Abhishek, Secretary, DIPP, GoI, at an event held at the Pravasi Bhartiya Kendra, New Delhi. Secretary DIPP Ramesh Abhishek appreciated the State Government for its sustained and pro-active efforts in creating a robust and Startup friendly ecosystem.

Startup Odisha initiative is a flagship initiative of the state government under the leadership of Naveen Patnaik, Chief Minister of Odisha, which aims to support 1000 Startup by 2020 apart from making Odisha one of the best Startup hubs in the country. Odisha was one of the first few States in the country to come up with dedicated Startup policy apart from putting in place a transparent online system (startupodisha.govt.in) for recognition and financial support to Startups and Incubators.

Offering perspective on the ranking, Shri Gupta said, ‘We have taken multiple steps in implementing the Odisha Startup Policy 2016, which aims to place Odisha among the top three Startup hubs in the country. Currently we are one of the fastest gowing Startup States with over 20 Startup registrations per month’. He further added, ‘Odisha has currently recognised 334 Startups within a period of just 18 months and has 9 Incubators, 12 Nodal Institutions and 110 mentors to support them.’

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Startups from Odisha are now regularly winning national and international awards while a few have catalysed Venture Capital Funding.