image credits: sambad
Odisha government’s commitment to fostering innovation and entrepreneurship is evident through initiatives like the Odisha Startup Hub (O-Hub), which is set to incubate 26 promising startups on the 7th of February, 2025.
The O-Hub Incubation Induction Programme
Event Name: Prarambh – O-Hub Incubation Induction Programme
Purpose: To formally induct 26 startups into the O-Hub incubation ecosystem, providing them with a platform to scale their ideas into sustainable business models.
Date: 7th February 2025
Time: Starting from 10:30 AM onwards
Location: Auditorium, 2nd Floor, O-HUB, Startup Odisha
The Role of O-Hub in Odisha Startup Scenario
O-Hub, Odisha’s maiden centralized incubator, is wholly owned and operated by the State Government. It has been designed to offer a conducive environment for startups to thrive by providing essential services at subsidized rates. These services include mentorship, investment facilitation, business development support, co-working spaces, and modular manufacturing facilities. This initiative not only aims at scaling up innovative ideas but also focuses on employment generation and wealth creation within the state.
A Closer Look at The Incubation Event
On the 7th of February, 2025, O-Hub is set to host an event to welcome and incubate 26 startups, each selected for their potential to contribute significantly to various sectors. Here is the list of these promising startups:
Agarwal Elite Pvt Ltd
Ambula Technologies Pvt Ltd
Asan Innovation and Research Pvt Ltd
Athrvcloud Pvt Ltd
Babycue Pvt Ltd
Brand Odisha 247 Pvt Ltd
Brawnnbred
Defigo Solutions 4U Pvt Ltd
Ecorise Technologies Pvt Ltd
EV Garaz Pvt Ltd
Gamik Technologies Pvt Ltd
Grossky Software Services Pvt Ltd
Happiness Under Budget Retail Pvt Ltd
Hirekarma Pvt Ltd
Jethy Food and Beverages Pvt Ltd
Kodekkaromas Technologies Pvt Ltd
Mo Ink N Dyes Pvt Ltd
Monad Life Solutions Pvt Ltd
Onboards Construction Pvt Ltd
Prileo Technologies Pvt Ltd
Psynuxsoftware Pvt Ltd
Salonwalee Pvt Ltd
Solidron Pvt Ltd
Tanumanasa Research Pvt Ltd
Test Quest Elearning Pvt Ltd
Vauxer Enterprises Pvt Ltd
Each of these startups brings a unique proposition to the table, ranging from technology solutions, research, retail innovations, to food and beverage sectors, showcasing the diverse entrepreneurial landscape of Odisha.
Support and Incentives for Odisha Startups
The incubation at O-Hub comes with a plethora of support mechanisms tailored to ensure the startups not only survive but also thrive. Experienced mentors guide startups through the complexities of business growth, offering insights from their own entrepreneurial journeys. O-Hub connects startups with investors, helping them secure the capital necessary for scaling operations. Startups receive assistance in market research, business strategy formulation, and networking with potential partners.
Affordable workspace solutions that encourage collaboration and innovation among different startups. For startups in the manufacturing sector, O-Hub provides facilities to prototype and produce initial product runs. Moreover, sector-specific and agnostic programs are planned in collaboration with global incubators and accelerators, enhancing the local startups’ exposure to international best practices.
The Impact of Odisha Startup on Odisha’s Economy
The initiative to incubate startups at O-Hub is part of a broader vision to make Odisha a technology and innovation center in India. With over 1550 startups already operating in various sectors like Agritech, IT, Artificial Intelligence, Healthcare, and Fintech, Odisha is rapidly becoming a hub for entrepreneurial activity. The government’s commitment is further evidenced by the “Fund Of Funds” scheme, which aims to support 5,000 startups over five years with a corpus of Rs 100 crore, focusing on the capital investment needs during their seed stage.
Government and Private Sector Synergy
The collaboration between the government and private entities like TiE Silicon Valley and even international platforms like Facebook highlights a synergistic approach to startup development. For instance, Facebook has partnered with the Odisha government to train 25,000 women SMEs and SHG entrepreneurs, enhancing the inclusivity of the startup ecosystem.
