Bubaneswar:11/9/23:Odisha CM Shri Naveen Patnaik inaugurated #OdishaStartupYatra and StartupXpress2023, which aim at encouraging innovators at grassroots and promoting entrepreneurship, to achieve 5000 start-ups by 2025.
This edition of the initiatives is bigger than the previous ones and will witness incremental growth connecting more than 25,000 students from over 260 institutions. It aims to generate more than 3500 ideas to foster innovation & entrepreneurship. To ensure maximum coverage and efficiency, Startup Odisha will have 4 dedicated vans covering all 30 districts.
A total of 50 shortlisted ideas from Startup Yatra will be invited for a 3-day acceleration programme. Thereafter, top 25 Ideas will be invited to O-Hub for the demo day out of which 10 will be awarded seed funding worth ₹ 3 lakh each to develop their ideas into viable start-up ventures.
Additionally, top 20 ideas from Startup Xpress 2023 will be invited for final pitching out of which 10 ideas will be awarded with cash prize of ₹10,000 each to encourage these young students and build their entrepreneurial spirit. Young entrepreneurs will be the force behind the future economic growth and development in #Odisha, ushering in an era of innovation and prosperity for the state.