Subsidized Incubation for Startups recognised under Startup Odisha Initiative

  • Subsidized Incubation: Recognised Startups may avail subsidy benefit to the extent of 50% of monthly rental of the incubation space (subject to a maximum of Rs.5000/-) for a period of maximum one year, if getting incubated at any of the incubators recognised by the Startup Odisha Initiative.

Process for availing Subsidized Incubation at Startup Odisha Recognized Incubators

  • The startup entity will have to apply online for subsidized incubation at any of the Incubators recognised by Startup Odisha Initiative.
  • Once approved, a fresh rent agreement needs to be made between the Startup and the Incubator based on the subsidized incubation approval for one year and the same be submitted to Startup Secretariat within 1 month from approval date.
  • The reimbursement will directly be made to the concerned recognised incubator on quarterly basis based on submission of bill and certificate of occupancy of the Startup duly certified by both the concerned incubator and Startup.
  • Payment of the monthly subsidy will be made for a period of one year only.
  • This benefit can be availed only once by a recognised Startup.
  • Startup cannot sub-lease or share subsidized incubation space with any other entity during the subsidy period.
  • There are presently 17 Incubators recognised under Odisha Startup Initiative. Details of Incubation area and facilities available at each of these Incubators are as under:

Name of Incubator

IIT BBS Research & Entrepreneurship Park, IIT Bhubaneswar

Address

IIT Bhubaneswar Samantapuri Campus, Samantapuri, Bhubaneswar, Pin:751013

Incubation Area/ Space

40,000 Square feet.

Facilities Available

·         Incubation Space (AC/non-AC)
·         High speed internet
·         Access to IIT Labs
·         Technical help from domain experts
·         Mentor support
·         Financial Assistance to selected incubates
·          Support in Project execution and product development

Name of Incubator

IIT BBS Research & Entrepreneurship Park, IIT Bhubaneswar

Address

IIT Bhubaneswar Samantapuri Campus, Samantapuri, Bhubaneswar, Pin:751013

Incubation Area/ Space

40,000 Square feet.

Facilities Available

·         Incubation Space (AC/non-AC)
·         High speed internet
·         Access to IIT Labs
·         Technical help from domain experts
·         Mentor support
·         Financial Assistance to selected incubates
·          Support in Project execution and product development

Name of Incubator – Foundation for Technology and Business Incubation (FTBI)-NIT Rourkela
Address – National Institute of Technology Rourkela, Rourkela, Odisha – 769008, India
Incubation Area/ Space Site Area:103032.15 Sq.ft
Built-up Area excluding basement-  13741.779 sq.mt

Facilities Available –

  Infrastructural Support for incubatee companies at FTBI Upon admission to FTBI, the following facilities are offered to the incubatee companies:
  • Office space
  • Manufacturing Space
  • Computer & high speed Internet
  • Furniture
Common Infrastructure FTBI provides following common pool of hard and soft infrastructure to be shared by all incubatee companies:
  • Fax/ Photocopying/ Scanner machine
  • Meeting/Conference room with projection equipment
  • Auditorium : 400 seats
Institute Infrastructure FTBI facilitates access to institute infrastructure as per laid down norms Soft Infrastructure and business services Infrastructural Support for incubatee companies at FTBI Upon admission to FTBI, the following facilities are offered to the incubatee companies:
  • Office space
  • Manufacturing Space
  • Computer & high speed Internet
  • Furniture
Common Infrastructure FTBI provides following common pool of hard and soft infrastructure to be shared by all incubatee companies:
  • Fax/ Photocopying/ Scanner machine
  • Meeting/Conference room with projection equipment
  • Auditorium : 400 seats
Institute Infrastructure FTBI facilitates access to institute infrastructure as per laid down norms Soft Infrastructure and business services The services and support items to be provided by FTBI to resident incubates are listed as follows:
  • Training in business management: Structured short courses
  • Training in business communication: Written as well as verbal
  • Accounting tools/ software
  • Common secretarial pool/staff
  • Networking events/ showcases
Tie-ups with chartered accountants and other professional organizations for accounting, IP, legal and management expertise
Name of Incubator – KIIT Technology Business Incubator (KIIT-TBI)
Address – Campus-11, KIIT University, Patia, Bhubaneswar-751024
Incubation Area/ Space 1,20,000 Sq.ft

Facilities Available –
  • 3 months of pre incubation offer for startups in ideation stage with shared office premises along with mentoring and hand holding support
  • Individual Business office suites for startups in enterprise stage
    • 24X7 High Speed Wireless Internet
    • Conference rooms, meeting rooms with A/V conferencing and library.
    • Startup Pack – array of services and products as special packages through our channel partners i.e. AWS credit offer worth $5000 & GCP credit offer worth $100,000
  • One-o-One mentoring and handholding support by domain experts
    • Patenting of Technology
    • Business advice & services
    • Networking and Linkages
  • Access to Technical Infrastructure
    • Laboratories for R&D and product development which includes Fab Lab with IoT set up, Food testing Lab, Plant Tissue Culture, Animal House, Analytical Lab, Cell Culture, Bioprocess Labs and Sequencing Facility
    • Access to Sophisticated instruments like LC-MS/ MS, GC-MS/MS, MP-AES, ICP-OES, DLS, Confocal Microscopy, FTIR, FPLC and HPLC
    • Access to digital Fabrication Facilities equipped with high end equipments like 3D Printer, 3D Scanner, Oscilloscope, CNC Router, Laser Cutter etc.
Name of Incubator – Gram Tarang Employability Training Services
Address – C/o Centurion University of Technology and Management, At: Ramchandrapur, PO :Jatni, Bhubaneswar Dist-Khurda, PIN : 752050, Odisha, India
Incubation Area/ Space 8000 Sq.ft

Facilities Available –
  • State of the art laboratory
  • Digital Learning Workshops
  • Industry tie ups with automotive majors- Tata Motors, Hyundai, Yamaha, Volvo Eivher & Ashok Leyland etc
  • Automotive vehicles display with cut section display for hands on knowledge enhancement.
  • Experienced Mentors / faculty with industrial & entrepreneurial background.
Name of Incubator – Software Technology Parks of India (STPI)
Address – STPI-Bhubaneswar: STPI ELITE, IDCO Plot, Malipada, Bhubaneswar-751003 Incubation Area/ Space 79000 Sq.ft
Incubation Area/ Space 8000 Sq.ft

Facilities Available –
  • Semi Furnished Space
  • Plug & Play Modules of different sizes
  • ESDM lab
  • Tier III data center
  • 100 Seated Convention hall
  • High speed Data Communication Facility
  • Central Air Conditioning facility
  • Un-Interrupted Power supply with
  • Conference & Training Halls, School/Language lab & IOT Lab
  • Center of Excellence (CoE)
  • Cafeteria/Canteen
  • Gym/Guest House
  • Mentoring support
  • Promotional support
  • STP/EHTP scheme Regulatory support
  • Incentives under India BPO promotion Scheme