MSME International Trade Fair: Start-ups receive success mantras, seed money


Bhubaneswar: In the third day of MSME International Trade Fair 2019, the aspiring entrepreneurs received success mantras at a seminar titled ‘Startup Odisha: Way Forward’ organised here.

The seed money awards were also given 14 successfully incubated startups of the last Startup Odisha Yatra, in the event. More than 300 start-ups, innovators, entrepreneurs, incubators, mentors and academics gathered to chart the way forward for startups to nourish innovation in the state.

A special inspiring lecture was also organised during the event, which was addressed by Subroto Bagchi, the Chairman of Odisha Skill Development Authority (OSDA).

In his address, Bagchi highlighted six-point notes on focus on solving a ‘real problem’, the world does not require one more Cool App, for which there are ‘real customers’, who would be ready to pay ‘real money’ (entrepreneurs must worship only one deity, that is, a ‘Paying Customer’) learn ‘how to sell’ and should be proud of ‘selling their own brand’, set up & follow good governance norms /rules of business for their company,  have ‘long term commitment’ (building business is a marathon and not a sprint) lastly, should concentrate on hard problems, to build a business, which is sustainable (it is the difficult parts, which have rewards).

On the occasion, LN Gupta, ACS, MSME presented the Startup Journey of last 20 months during which 356 Startups, 11 Incubators, 12 nodal agencies and one Angel network have been registered with Startup Odisha Initiative.

He added that 61 financial grants worth Rs.6.8 crore provided to Startups and Incubators speak of the commitment of support by the Odisha Government to push innovation.

Gupta highlighted that for building an efficient startup ecosystem, the State has been recognised as a Top Performer in Start-up India Rankings 2018 by DIPP.

The fair will conclude on February 3.

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