Odisha government approved a new policy on Tuesday with a target of making the state home to at least 1,000 start-ups over the next five years.
The Odisha Start-up Policy (OSP), 2016, will be unveiled by Chief Minister Naveen Patnaik at an investors meet in
Bengaluru next month.
OSP envisages Odisha being among the top three start-up hubs in the country by 2020 through strategic partnerships, conducive ecosystem, investments and policy intervention.
“The policy will be implemented within five years and comprises of three Is – Institutions, Industry and Incubation,” Chief Secretary A P Padhi told reporters.
The implementation of the policy would be monitored by a Start-up Council headed by the Chief Secretary and a Review Committee headed by Principal Secretary MSME, he said.
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