Nodal Agencies are reputed institutions / organizations, which shall evaluate applications of Startups for recognition under Startup Odisha and for availing monetary incentives once recognised. Besides evaluation, Nodal agencies shall play a crucial role in development of entrepreneurial ecosystem by acting as mentors to Startups and providing feedback where necessary.
In order to avail the benefits announced in the Startup Odisha initiative, an entity would be required to be recognised as a Startup. To this effect, it would be required to submit an application online along with a note on innovation. All such registering entities application’s need to be carefully reviewed by an expert committee hosted under the Nodal Agency. As per the policy “Nodal Agency shall mean reputed Government as well as other institutions/ organizations as approved by the Startup Council as Nodal Agencies for certifying Startups."
(i) Applications of Startups for their recognition and
(ii) The merit of the Startup applications for monetary grants.
Nodal Agency will be paid fee for review of registration & all other assistance as follows:
- Startup Recognition: One-time fee of Rs. 1,500 per application
- Monetary Grant Application: One-time fee of Rs. 5,000 per application, which shall also include the periodic review of startups' performance.
The bill for the fee payable to the nodal agency will be auto generated by the system on a monthly basis and will be paid after due diligence by the Startup Secretariat directly in the Bank A/c of the Nodal Agency.
Selection of Nodal Agency will be on invitation basis only with the approval of Startup Council. The selected Nodal Agency will however have to fill up simple details