Odisha Task Force Sanctions Rs 1.53 Cr To 23 Startups For Product Development

Photo: Courtesy PCQuest

Bhubaneswsar: Startup Odisha Task Force has sanctioned product development and marketing assistance as well as monthly allowance grant of Rs 1.53 crore to 23 startups for the development of a proper ecosystem.

Similarly, Rs 20 lakh has been sanctioned for two incubators. With this, the number of startups getting grants went up to 269 in the state, according to reports on Thursday.

Among the startups that have received the financial incentive are AUUM Platforms, MATI Farms, Odicast Digital LLP, TS Originals Pvt Ltd, Kodigerao Innoventures Private Limited, MyOrg360 Innovations Private Limited and Clavictor Academy Pvt Ltd, they said.

AUUM Platforms is working on an innovative model of PPE kit, brand-named Swasner, which has a face shield and a hoodie with a small battery-operated fan, an air filter and a high-quality face mask.

While MATI Farms is developing products on its post-harvest technologies and marketing, Odicast Digital is developing India’s largest health media network, TS Originals Pvt Ltd has come out with its indigenous hand-blended herbal tea.

Clavictor Academy, based in Rourkela, is an Edtech startup with a focus on the development of an AI-based mentoring and guidance platform.

While Kodigerao Innoventures has developed sutures (sterile surgical threads) by using bio-material with nano-particles, MyOrg360 is a one-stop, free cloud-based software that caters recruitment, skill mapping, compliance, payroll and other HR functions.

Financial incentives were also sanctioned for other startups working on sustainable lifestyle, bio-fertilisers, organic food, electric vehicles and Augmented reality (AR) and Virtual Reality (VR).

Fiscal incentives to startups will enable them to develop their products and scale up business, according to a senior official.