Odisha government is planning to set up a startup park, a one-stop destination to facilitate young entrepreneurs in the state.
The proposed startup hub will be in the line of T-Hub in Hyderabad, which will not only provide physical space but create an ecosystem for them and encourage innovations as well, said MSME secretary L N Gupta.
“The startup hub will be developed in public, private partnership (PPP) mode. We have initiated talks with T-Hub and are planning to replicate their model here. The proposal is in initial stage and CEO of T-Hub Jay Krishnan is likely to visit the state soon,” Gupta said after inaugurating ‘Odisha Startup Summit’ in Bhubaneswar.
T-Hub (Telangana Hub) is India’s largest incubator for startups, located in Hyderabad, Telangana. T-Hub is a public/private partnership between the Government of Telangana, three of India’s leading academic institutes (IIIT-H, ISB & NALSAR) and the private sector. It bills itself as standing at the intersection of the start-up, academic, corporate, research and government sectors.
Around 100 serious startups and many aspiring entrepreneurs including engineering students took part in ‘Odisha Startup Summit’ started on Thursday jointly by Bhubaneswar Startups, a group of young entrepreneurs and Trident Group of Institutions.
“The summit will give a good platform for the aspiring entrepreneurs. There are new incentives undertaken for the startups as per state government’s start-up policy,” he added.
During the two-day summit entrepreneurs discussed on various issues like startup work culture and inside challenges, legal and compliances including due diligence, legal employment, contracts, compliance, tax and seriousness.
Successful entrepreneurs will share their journey so far. The participants also got a chance to interact with bank officers about loan documentation, loan processing, eligibility criteria, startup schemes and MUDRA loan. ALSO READ: Reliance Jio to launch 4G VoLTE feature phones at Rs 999