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Startup Odisha Registration:- To offer a holistic and inclusive ecosystem for existing and upcoming startups in the state by the Government of Odisha, to establish itself as one of the top startup hubs in the country and to enable the youth of Odisha to become job-creators and lead the state in employment generation Startup Odisha scheme has been launched to enable support. You have been given information related to Startup Odisha registration, login, eligibility, document, benefits of startup odisha, internship and CEO in this article.
About Startup Odisha | startupodisha.gov.in Login
Startup Odisha under the MSME Dept. Govt. of Odisha as the Nodal agency for building the startup and innovation ecosystem in the state, came into existence in 2016 with Odisha Startup Policy-2016. The vision was to introduce a holistic and inclusive ecosystem for the existing and upcoming startups, establish itself as one of the top startup hubs in the country, and enable the youth of Odisha to become Job-Creators and support the state in employment generation.
With the unique support system under the Odisha Startup Policy 2016, Startup Odisha has supported many Women/SC/ST/PH/Transgenders-led startups/ entrepreneurs by providing them with financial grants and subsidized incubation. Since its inception, Startup Odisha has been home to the best entrepreneurial minds & has already supported and facilitated more than 1500+ Startups.
Startup Odisha Scheme | Startup Odisha Registration
It houses the facilities and services ranging from a world-class infrastructure with state of an art facility called O Hub to the Best Incubation facility supported by a proactive task force, We Are aims to take the leap for registering a minimum of another 5000 startups with recognition by 2025.
Startup Odisha has been continuously evolving in its Policy measures, always ensuring to have a responsive policy framework. We have been the top performing Startup Hubs for three consecutive years in the country.
startupodisha.gov.in Portal Details in Overview
| Scheme Name | Startup Odisha |
| Launch By | Odhisha Government |
| Launch Year | 2023 |
| Application Mode | Online |
| Objectives | Create a startup-friendly atmosphere and ecosystem. |
| Official Website | www.startupodisha.gov.in |
Startup Odisha Policy
- The date of incorporation / registration is not prior to five years;
- Annual turnover not exceeding Rs. 25 crore, for any preceding financial year;
- Such entity is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property and makes it scalable for achieving commercial success;
- Registered in Odisha or employs at-least 50 percent of its total qualified workforce in Odisha;
- Such entity is not an extension of existing family business; or formed by splitting up or reconstruction of a business already in existence and
- Entity means a private limited company (as defined in the Companies Act, 2013), or a registered partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2002).”
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Startup Odisha Objectives
- Creating a world-class “startup hub” by 2020.
- Encouraging incubators to meet state needs.
- Skill-based training to support young businesses.
- Encouraging Odisha-based enterprises to incorporate a CSR option for startup skills and infrastructure.
- Create a helpful atmosphere and ecosystem for 1,000 companies in five years.
- Create a strong institutional structure for implementation, monitoring, and assessment.
Benefits to Incubators under Startup Odisha Program
“Following benefits are available for incubators:
- One-time grant of 50% of the capital cost (excluding the cost of building) up to a maximum of Rs.1.00 crore to set up incubation facility and such assistance shall be available to Universities/Educational Institutions only. In case, the incubator is able to raise fund from philanthropic organization / alumni/ other private bodies, in such a case the govt. shall match that investment with a matching grant subject to an upper limit of INR 5.0 crore.
- Reimbursement of Rs.1.00 lakh per year for a period of 3 years for providing free internet, free electricity and mentoring services.
- Performance capital grant of Rs.5.00 lakh to be given to incubator for its each incubated successful Startup.”
Validity after being recognized as Startup
“An entity would cease to be a ‘startup’ upon expiry of:
- 5 years from the date of its incorporation/ registration, ORIf its turnover for any of the financial years has exceeded INR 25 crore; OR If not incorporated in Odisha and workforce in Odisha falls below 50.0% of total workforce.
- Startups would be required to intimate Startup Secretariat of any such cases within a period of 21 days.”
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Fund release guidelines for a startup
Monthly Allowance:
- Monthly payment for the first six months will be made directly to eligible startup registered bank account on a monthly basis.
- Six months onward, payment will be released based on the utilization report submitted by the Startup online to the Nodal agency 15 days before completion of first six months.
- Startup shall submit a utilization report which highlights the use of the monthly allowance in the past six month with supporting documents / bills as applicable.
- Payment will be made for a period of one year.
- Startups can only avail this benefit once.
Fund Release Guidelines for Incubators
One-Time Capital Grant:
- Due diligence document (Annexure 8) will be needed to be submitted within 3 months from the date of approval but before the release of first instalment.
- The grant will be disbursed in a phased manner as per the budget plan submitted by the applicant and approved by the Task Force.
- The grant will be disbursed in proportion to the funds brought in by the party, as mentioned in the budget plan and subsequently approved by Task Force.
Reimbursement:
- One-time payment will be made directly to eligible incubator registered bank account in advance.
- The incubator must submit bills for the expense for availing the grant.
Performance capital grant
- One-time payment will be made directly to eligible incubator registered bank account in advance.
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Startup Odisha Benefits
The benefits and features of the scheme are listed below:
- The establishment of physical infrastructure is of a global standard.
- The encouragement of creative thinking.
- Creating a culture of entrepreneurship via the institutionalization of education
- Training for the necessary skills for the startup
- Support will be provided to entrepreneurs. Startups that are recognized and eligible will get a monthly allowance of Rs. 20,000 in their registered bank account. This allowance will initially be provided for the first three months of the company’s current existence. The payout will begin 15 days after the three-month term ends and continue for a year.
- Startups may get help by providing a product development plan. If accepted, some of the help will be paid in advance, and the rest will be deposited into the startup’s bank account. Rs 15 lakhs will be provided.
Documents required for Startup Odisha
“An entity needs to submit the following documents:
- Incorporation certificate
- Proof of innovation as per any of the following:
- DIPP Startup India recognition certificate; or
- Patent filed in the company name and published in the Journal by the India Patent Office in areas affiliated with the nature of business being promoted; or
- Sanction / Assurance Letter of funding / Grant by Government of India or any State Government as part of any specified scheme to promote innovation; or
- Letter of funding of not less than 20 percent in equity by any Incubation Fund/ Angel Fund/ Private Equity Fund/ Accelerator/ Angel Network duly registered with Securities and Exchange Board of India that endorses innovative nature of the business; or
- If an entity doesn’t have any of the above mentioned four documents then they may submit a one page write-up / note explaining innovative nature of the applicant entity. The applicant entities are encouraged to share business plan along with the note on innovation.”
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Eligible for benefits available to incubators
“Following bodies are eligible for Incubator related benefit:
- Universities – which are in existence for at least 5 years or;
- Educational institutions – which are in existence for at least 5 years or;
- Incubators recognised by State or Central Govt. or;
- Industry Group (Corporates / PSU / Industrial Unit) which are in existence for at least 5 year in the state of Odisha and has or building an Incubator to support and mentor Startups in the state of Odisha. “
Startup Odisha Eligibilities
- In order to qualify, an entity must have an incorporation/registration date less than five years old.
- Entities’ yearly revenue has not exceeded Rs. 25 crores in any of these fiscal years.
- Entity focuses on the pursuit of innovation/development, as well as the deployment or commercialization of new goods, processes, or services powered by technology or intellectual property, in order to make them scalable for commercial success.
- The entity is registered in Odisha and employs at least 50 percent of its qualified personnel in the state.
- The entity is neither an expansion of an existing family company nor was it created by dividing or reorganizing an existing family firm.
- A foreigner may join Startup Odisha by registering an LLP. Foreign funding must meet FDI requirements. A foreign citizen, NRI, or PIO may self-register with MCA or Registrar of Firms and then register on the Startup Odisha Portal to get advantages.
- A foreigner may join Startup Odisha by registering an LLP. Foreign funding must meet FDI requirements. A foreign citizen, NRI, or PIO may self-register with MCA or Registrar of Firms and then register on the Startup Odisha Portal to get advantages.
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Startup Odisha Registration | how to register a startup company in odisha
- Visit the official website for the program. There will be a homepage shown.
- In the upper-left area of the homepage, click the register link to bring up a menu.
- Select startup from the menu that appears by clicking on its link.
- A new page will load and you will be prompted to register as a new user; click the register button.
- The register button will open the same form on the same page when clicked.
- Enter details asked. Enter your name, username, email address, password, and captcha code, then click register.
- Your form will be registered successfully.
Startup Odisha Login Process |
- First of all go to the official website of Startup Odisha.
- Click on the link “REGISTER / LOGIN” given in the home page.
- Select an option in the next new page.
- startup
- Incubator
- Nodal Agency / Secretariat
- Angel Network
- Mentor Registration
- Select user in the next new page, enter email id, mobile number or user name and enter the password below.
- Now you can log in by entering the captcha code and clicking on Sign in.
Startup Odisha Incubator Login Process
- First of all go to the official website of Startup Odisha.
- Click on the link “REGISTER / LOGIN” given in the home page.
- Click on Incubator from the option given in the next new page.
- Select user in the next new page, enter email id, mobile number or user name and enter the password below.
- Now you can log in by entering the captcha code and clicking on Sign in.
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Startup Odisha Nodal Agency / Secretariat Login Process
- First of all go to the official website of Startup Odisha.
- Click on the link “REGISTER / LOGIN” given in the home page.
- Click on Nodal Agency / Secretariat from the option given in the next new page.
- Select user in the next new page, enter email id, mobile number or user name and enter the password below.
- Now you can log in by entering the captcha code and clicking on Sign in.
Startup Odisha Angel Network Login Process
- First of all go to the official website of Startup Odisha.
- Click on the link “REGISTER / LOGIN” given in the home page.
- Click on Angel Network from the option given in the next new page.
- Select user in the next new page, enter email id, mobile number or user name and enter the password below.
- Now you can log in by entering the captcha code and clicking on Sign in.
Next step after Startup Odisha recognition
“Once recognized, Startups can apply for vaious benefits defined under the scheme such as:
- Monthly allowance of Rs.20,000;
- Product Development and Marketing/Publicity assistance of up to Rs.15 lakh;
- Need based assistance to the recognized Startup towards cost of raw material / components and other related equipment required for the innovative process for the new product development / existing product improvement
- Self compliance under various labour and environment laws.”
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Startup Odisha Contact Us
2nd Floor, Tower-A, Odisha Startup
Incubation Centre (O-HUB), SEZ Road,
CHANDAKA, Pincode-751024 ,
Bhubaneswar Odisha, India
E-Mail : startup[dot]odisha[at]gov[dot]in
Toll-free Number: 1800-345-7100
Phone : 0674-2586176
FAQ’s- Startup Odisha Registration
Q:- How does a Startup obtain benefits under the Startup Odisha Program?
Ans:- Various benefits are defined in the program, each benefit has its own eligibility critera. As a first step, the startup will have to be recognised as per Odisha Startup Policy.
Q:- Can an existing entity register itself as a “Startup” on the Startup Odisha Portal?
Ans:- Yes, an existing entity qualifying the eligibility criteria (as per Question1) can register itself on the Startup Odisha Portal.
Q:- How much time does it take to get recognized?
Ans:- If the entity has a proff of innovation then the recognition takes 7-10 working days at max. In case the inovativeness needs to be validated it take 15-21 days.
Q:- Is there any specified format for uploading the one-page write-up/note?
Ans:- No, there is no format for the write-up/note. The note should just explain the innovativenes of the startup.
Q:- Once my registration is successful, would I obtain a certificate for it? If Yes, would I be able to download the certificate?
Ans:- Yes. On successful registration, you would be able to download a recognition certificate.
Q:- Can I register if my company is not incorporated?
Ans:- No. Incorporation Certificate is a mandatory document while applying for the Startup Odisha Program.
Q:- Would a One Person Company (OPC) be eligible to avail benefits under the Startup Odisha Program?
Ans:- Yes. One Person Companies are eligible to avail benefits under the Startup Odisha Program.
Q:- Would a Sole Proprietor firm be eligible to avail benefits under the Startup Odisha Program?
Ans:- No, a sole proprietor firm is not eligible to avail benefits under the Startup Odisha Program.
Q:- How can I edit my application after successful submission?
Ans:- Online there will be a provision to edit your application.
Q:- Can a foreigner enter into partnership under LLP Act & get registered that LLP with Startup Odisha?
Ans:- Yes, a foreign national can enter into a partnership under LLP Act and get that registered under the Startup Odisha Program.
Q:- Can a foreign national, a partner in LLP invest in the said LLP recognised by Startup Odisha?
Ans:- Funding from a foreign partner will be subject to regulations of FDI. 100 % FDI is allowed in LLP given that LLP operates in business sectors where 100% FDI is allowed via automatic route and there are no performance linked FDI conditions.
Q:- How can a foreign national, NRI and PIO benefit from Startup Odisha Program?
Ans:- A foreign national, NRI and PIO can register itself through MCA or Registrar of Firms using the existing processes and subsequently register itself on the Startup Odisha Portal as a “Startup” to avail the benefits.
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