Bhubaneswar:12/2/20:In a bid to strengthen the startup ecosystem in the state, the Odisha government on Wednesday signed a memorandum of understanding with HDFC Bank Ltd.
According to the agreement, the startup units will be able to showcase their products to stakeholders while the lender will extend incubation and acceleration support to the firms banking with them.
On the occasion, Patnaik reaffirmed the state’s government’s commitment to make Odisha one of the top three Startup Hubs in the country.
“Young entrepreneurs are engines of growth for new Odisha. I am sure this MoU between Start-up Odisha and HDFC Bank will open up new possibilities for startups,The lender has third party alliances to provide discounts for startups across key business support functions such as shared work spaces, digital marketing, content writing, tax and legal advisory, financial management, compliance among others, Patnaik said.
HDFC will also allow startups to list on its Smart Buy platform and will help Startup Odisha Initiative to organize Startup Yatras, Hackathons, acceleration programmes and startup conclaves. As per the MoU, life skills will be provided to students of all 49 Govt ITIs.