Odisha Govt to Set up World Class Start-up Hub in Bhubaneswar: CM

Bhubaneswar: The Odisha Government will set up a world class Start-up Hub in Bhubaneswar and launch a Fund-of-Funds for Start-ups this year to further boost the ecosystem, said Chief Minister Naveen Patnaik here today.

Speaking on the occasion of launch of Start-up Odisha Initiative to make Odisha as one of the top three Start-up Hubs in the country and support 1000 Start-ups, the Chief Minister said that his government is working relentlessly to support the young Start-ups in every possible way.
“I am pleased to note that 570 Start-ups have already been registered in the state out of which one third are led by Women entrepreneurs”, the CM said.

“My Government is working relentlessly to support the young Start-ups in every possible way. We are going to set up a world class Start-up Hub in Bhubaneswar and launch a Fund-of-Funds for Start-ups this year to further boost the ecosystem”, Naveen said.

He said, “Odisha today has a large network of technical and professional institutions which provide a good talent pool for start-ups. The state initiatives for start-ups including the policy, infrastructure support through incubators and financial linkage schemes must be widely publicized”.

The MSME Department as well as other departments must take up activities in all the institutions on a regular basis round the year. Young entrepreneurs are engines of growth for New Odisha, he added.