Bhubaneswar: Demonstrating its strong commitment in creating a thriving startup ecosystem, Odisha has emerged as the ‘Top Performer’ in the national Startup Ranking 2022.
In 4th edition of the State Startup Ranking prepared by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, Odisha has retained its position of ‘Top Performers’, which is a testament to the state’s progressive initiatives for empowering the young talent who aspire to become entrepreneurs.
A total of 25 action points were used to map a combination of absolute, relative, and feedback-based grading in order to give a comprehensive picture of the state’s or support UT’s distinctive startup environment.
The framework encouraged 31 states and union territories to work towards reducing regulations for the expansion of startups and strengthening support for the startup ecosystem. This exercise having launched in 2018, awarded Odisha for being the “Top Performer” for its support to the Startup Ecosystem in 2019 and in State Startup Ranking-2021, Odisha took a leap yet again to be accorded with the Top Performer position for instituting inclusive and holistic policies and schemes to develop entrepreneurs across every corner of the State. .
Startup Odisha has nurtured over 1,800 start-ups across agritech, IT, artificial intelligence, healthcare, fintech, and biotechnology sectors out of which 42% are women led startups. Startup Odisha is on its way foster at least 5,000 startups by 2025. Odisha hosts 27 incubators, and among them is O-Hub, the Government of Odisha’s incubator, featuring an expansive four lakh sq ft space—one of the largest incubators in the entire country. At present, there are 75 active Entrepreneurship Cells (E-cells) and 93 incubates, as per reports.
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