IIT Bhubaneshwar to get world-class ‘Centre of Excellence’

Bhubaneswar: The Odisha government on Wednesday said that it will lend all support for a world-class state-of-the-art Centre of Excellence in the Research and Entrepreneurship Park of IIT, Bhubaneswar.

The decision was taken at the second Startup Council Meeting held here under the Chairmanship of Chief Secretary A P Padhi.

In the meeting, it was resolved to provide all support for a world-class state-of-art Centre of Excellence in the Research and Entrepreneurship Park of IIT, Bhubaneswar.

Omkar Rai, Director General of Software Technology Park of India (STPI), who was present in the meeting, assured the State government of all support from STPI. Rai also appraised that STPI would provide a support of Rs 2.5 crore for the Centre.

During the meeting, the State government also recognised at least 130 Startup ventures under the Odisha Start up Initiative.

The chief secretary directed to undertake more focused and outcome-oriented activities for promotion of innovative entrepreneurship in the State.

The council approved the product development and financial assistance in favour of two new startups in the field of automation in Industry maintenance and alternative technology for repair of oil and gas pipelines.

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Various activities for the next six months with estimated expenditure of Rs 15 crore was also approved in the meeting.

The meeting nominated XIMB, Centurian University, IITM, and KIIT for evaluating the startup proposals and sponsoring those to the Council.

Earlier, the Council had nominated six nodal agencies for evaluating and processing startup applications. These were IIT, Bhubaneswar, STPI, Bhubaneswar, NIT, Rourkela, IMMT, Bhubaneswar, OUAT, Bhubaneswar and NIFT, Bhubaneswar.

“Odisha Startup Policy has already been notified. An interactive web portal under the name www.startupodisha.gov.in has been launched and operating well, said Additional Chief Secretary MSME L N Gupta.

Moreover, Subroto Bagchi, chairman of Odisha Skill Development Authority suggested having more engagement with sponsoring and evaluating institutions for increasing number of innovations.

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With PTI Inputs