Dharmendra Pradhan To Inaugurate IIM-Sambalpur’s Incubator I-Hub Foundation Tomorrow

Bhubaneswar: Union Minister of Education and Skill Development & Entrepreneurship Dharmendra Pradhan will address the 100 Cube Startup Conclave at IIM-Sambalpur on Friday. 

The conclave is aimed at fostering the entrepreneurial spirit in the country and empowering youth to innovate and create value. It has been orchestrated by the Ministry of Education in collaboration with IIM-Sambalpur.

Dharmendra will also inaugurate the I-Hub Foundation as IIM-Sambalpur’s incubator. “The initiative aims to create 100 start-ups each worth over Rs. 100 crore when Odisha becomes 100 years old as a state in 2036,” the Education Ministry posted on X.

The foundation has been established under Section 8 as a registered company. It will operate both physically and virtually, collaborating with various stakeholders in Odisha’s entrepreneurial landscape.

Around 1200 attendees are expected to attend the event, which will also see participation of 300 startups, including 50 from Sambalpur, Jharsuguda, Sundargarh, Bargarh, and other districts of Odisha. Key stakeholders, investors, industry mentors, ministry representatives, students, and members of the incubator and venture capital (VCs) or angel investor communities will also be present.

Additionally, renowned incubators will also be participating in the conclave.

Earlier this month, Dharmendra had launched the IIT-Bhubaneswar Research and Entrepreneurship Park’s initiative aimed at creating 100 startups with a valuation of Rs 100 crore each by 2036.