Bringing All Stakeholders Together to Grow the State Startup Ecosystem: Dr Omkar Rai, Startup Odisha

Bringing All Stakeholders Together to Grow the State Startup Ecosystem: Dr Omkar Rai, Startup Odisha

As part of the ongoing Make in Odisha Conclave 2022, Startup Odisha organized “Startup Odisha Ecosystem Mixer”, a platform that brought together academics, investors, unicorns and government to deliberate on the future of the startup ecosystem in the state and opportunities. that the future held.

The event held at O-Hub allowed start-ups to interact with young founders of successful start-ups, venture capitalists and experienced professors. The day consisted of two sessions, namely “The Booming Era of Startups – Looking Ahead” and “AMA on Collecting My First Check”.

Delivering the keynote address, Dr. Omkar Rai, Executive Chairman of Startup Odisha said, “The e-commerce platform will continue to lead wealth creation in the startup ecosystem, in time to come. , we will see the increased use of artificial intelligence, blockchain, immersive technologies like augmented reality and virtual reality, AVGC, connected and autonomous electric vehicles that drive the start-up ecosystem. In our efforts to reach young people and transform them from ideators into start-ups, we have worked to create awareness at the grassroots level to create a culture of ideation Every school and college should be equipped with DIY labs and centers of excellence if they want to become entrepreneurs and create products.Our goal is to increase per capita income by supporting start-ups in all sectors at all levels of the value chain. The need of the hour is to bring together all stakeholders to encourage, support and grow the startup ecosystem in the state. We want to position Odisha as a promising destination for high-potential start-ups. Odisha has excellent technological and educational institutions, and we should leverage this advantage to achieve the Odisha government’s vision of reaching 5,000 start-ups by 2025.”

In her address, Rajita Kulkarni, President of Sri Sri University, said, “Odisha has one of the most vibrant start-up ecosystems in the country and start-ups need to look at the current strengths of the state to determine future possibilities. Anything that can improve health, wealth, and time should be seen as an opportunity. Startups should look for solutions that improve the quality of life of society. It is important to build on state assets such as healthcare, agricultural services, mining, hydel energy and wind energy solutions.

Dr. Mahadeo Jaiswal, Director of IIM Sambalpur, said in his speech, “Overall, there are three Ds that cause disruption. The first is digital disruption, which creates a lot of possibilities for newcomers with opportunities for everyone. The second is decarbonization, which will be a big opportunity for the start-up ecosystem with the emergence of new verticals such as electric vehicles and opportunities in manufacturing. Odisha, with its stable government and forward-looking policies, is poised to become the next IT hub and will become the next investment destination.

Addressing the start-ups present at the event, Amarendra Sahu, co-founder of Nestaway, said in his keynote: “Start-ups should no longer focus only on close and comfortable markets, but rather on markets that pay. I am convinced that Odisha’s product start-ups are built here, selling overseas will actually create a lot of value. We need to make O-Hub a global center of excellence and attract entrepreneurs from all over India to Odisha.”

In his keynote address, Raj Mishra, Founder of INDEA Capital, said, “The end goal of any start-up should be to become a big business. Startups should focus on four aspects i.e. better products, better services, faster and cheaper and look for opportunities in big markets with a customer-centric approach.

Dr. Ajaya Kumar Mohanty, Director of Deliotte, said, “Odisha contributes 5% of the IT workforce across the country, but the state does not get that kind of business. We have a lot to catch up on, creating opportunities in small and medium spaces rather than looking to government and big business to create jobs. To be successful, the most important focus of start-ups must be idea, aspiration and tenacity. The East, including China, is a $30 trillion industry and Odisha is strategically located to exploit this opportunity.

The first session was delivered by Dr. Omkar Rai, Executive Chairman, Startup Odisha, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, Prof. Rajita Kulkarni, President, Sri Sri University, Dr. Sukant K. Mohapatra, President, NIST, Berhampur. The second session was addressed by Dr. Ajaya Kumar Mohanty, Director, Deloitte, Shri Raj Mishra, Founder, Indea Capital. Mr. Amit Singal, Founding Partner, Fluid Ventures, Ms. Seema Chaturvedi, Founder, Awe Funds, Mr. Srustijeet Mishra, Serial Tech Entrepreneur and Angel Investor, Mr. Rahul Prigawat, AVP, LetsVenture, Mr. Amarendra Sahu, Co-Founder , Nestaway.

Odisha-backed start-up, Larkai Healthcare, secured INR ONE CRORE funding from Gurgaon-based Real-Time Angel Funds during today’s program.

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