Entrepreneurship Development Policy in March Next

Published: 06th December 2015 07:11 AM  |   Last Updated: 06th December 2015 07:11 AM   |  A+A-

BHUBANESWAR: The State Government’s Entrepreneurship Development Policy will aim at raising 60,000 start-ups and create more than one lakh jobs by 2020.

While the Government has already framed the draft policy, which is being analysed, the final policy is likely to be announced in March, 2016, Principal Secretary, Department of Industries Sanjeev Chopra said.

The proposed policy would lay the foundation for resurgent industrial growth in the State with special attention on innovations.

“Of late, we have an obsession for coal and iron-based industries. However, IT and ESDM sectors have tremendous potential to thrive in Odisha,” Chopra said, while addressing a session on ‘Vibrant Start up Policy’ organised by TiE, Bhubaneswar Chapter here on Saturday.

Speaking at the session, IT Minister Pranab Prakash Das raised concern on the employability quotient of young graduates in Odisha.

“There is no shortage of skilled professionals. To acclimatise them with the industry and global market, the Government will tie up with educational institutions and subject matter experts to build finishing schools,” Das said.

Stating that the Capital City has emerged as a favourite destination for MSMEs, Das said the Government has decided to offer 5 lakh sq ft area at a nominal rate of `20 per sq ft to potential start-up companies here.

The State Government has forged an alliance of IPICOL and TiE, Bhubaneswar chapter to shortlist two start-up entrepreneurs every quarter, to be mentored by TiE Silicon Valley, and market their products globally.

TiE Silicon Valley has tied up with top technology companies as well as experience in carrying out an idea to successful fruition - fund raising, team building, cross border development, strategy and marketing to make a company successful, TiE Silicon Valley president Venk Shukla said.

So far, TiE Bhubaneswar has raised `5 crore for the angel fund which provides seed capital and strategic support to start-ups, TiE Bhubaneswar president Rajib Sekhar Sahoo said.

Among others, Industries Minister Debi Mishra, Principal Secretary, Department of Electronics and IT Pradip Jena and IDCOL CMD Vishal Dev also spoke.


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