Odisha Government signs MoU with Invest India to Promote Startups in State

By Shariq Hussain

Posted on March 23, 2017

After launching a toll-free helpline for assistance to startups in Odisha, the Odisha Government have Signed a MoU with Invest India in order to support the budding entrepreneurs from the state.

On 1^st March 2017, Odisha Government and Invest India have inked a MoU in order to promote startups and MESM sectors of the state. The MoU will help the startups and MSME sector to gain experience in the real world and open lots of options in the industry.

The MoU will also facilitate networking between Odisha start-ups and global start-up ecosystem. Invest India will also extend knowledge support for development in MSME sector with the focus on food processing, agro-processing and spices. Earlier, the State Government has also planned to open a Startup Park, which will help to boost young entrepreneurs of the state. Read more about Odisha Startup Park.

Young minds from Start-up India – Abhijeet Dwidevi and Navpreet Randhawa will bring their experience of global start-up eco-system to help the State Government. Both Managers with Invest India, will assist in knowledge support which includes start-up policy advocacy, operating guidelines and setting up of the start-up portal.

Odisha startup policy aims to set up 1000 startups in the upcoming five years. The states MSME’s will be provided seed funding of $3.7 Million. The Chief Minister has consulted with over 60 companies and received the investment of total $13.5 Billion for the improvement of the startup ecosystem in the state. Read more about Startup India.

Odisha Government signs MoU with Invest India to Promote Startups in State