Odisha portal for stratups launched

Odisha Chief Minister Naveen Patnaik today launched a web portal for startups to promote entrepreneurs in the state and appealed to youths of the state to take full advantage of the Startup Odisha initiative to realise their dreams.
"I am glad that while carrying forward the Startup Initiative, Odisha startup portal is being launched by MSME department today," Patnaik said here today.
The portal will be an one-step platform for startups, incubators and investors for registration and availing benefits under the Odisha Startup Policy. "My government has recently made an upward revision in the benefits that are available to the startups and incubators under the Odisha Startup policy," he said.

The portal will act as a catalyst in boosting the startup ecosystem in the state and achieving the Mission-1000 startups by 2020, the chief minister said.
Its will help to realise the state government's mission to position Odisha among the top three startup destinations in the country. The start up mission aims to achieve 1000 startups by 2020.
Patnaik also released the compendium of Startup Policy with amendments and the revised operational guidelines. The state government has doubled the monthly allowance to startups to Rs 20,000 a month while the marketing and product development assistance has been increased three-fold to Rs 15 lakh.

For incubators, process of matching capital grants has also been introduced. Moreover, the operating guidelines have also been revised to ensure further "Ease of Staring Up," an official said.

The portal adhers to the three core principles of ease of usage, transparency and knowledge sharing. Having been seamlessly linked with the Ministry of Corporate Affairs and Startup India, it reduces duplication of efforts in filing information.
A single page registration with minimum documentation enhances the ease of its usages, official sources said.
A four-week online learning and development programme, which has been developed by UpGrad in association with Invest India, has been made available on Startup Odisha portal to educate Odisha youth on entrepreneurship.

The programme consists of six modules on idea identification and assessment, understanding basics of finance, law and business planning, fundraising and pitching. The training programmes comes free, the sources added.