28
Entrepreneurship Ecosystem Overview Odisha 1

Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Entrepreneurship Ecosystem Overview

Odisha

1

Page 2: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Levers of change – Entrepreneurship

Following are the key levers of change which determinewhether a state’s policy, education, legal framework, financialsystems, business markets, cultural and social ethos areaugmenting Entrepreneurship Growth:

1. The Entrepreneur

2. Govt. & Regulatory Support

3. Access to Finance

4. Educational & Cultural Preparedness

5. Mentoring & Networking

2

Page 3: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

The Entrepreneur

3

Page 4: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha ranks #14 in India on ‘Ease of Doing Business’ 2017-18index according to the Department of Industrial Policy and Promotion's(DIPP).

4

Page 5: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Govt. & Regulatory Support

5

Page 6: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Govt. Regulatory Agencies/Others:

• Single Window Clearance System• Odisha Industrial Infrastructure Development Corporation

6

Page 7: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Single Window Clearance System

The Single Window Clearance System in the State categorizes theproposed projects into three groups based on the total investmentproposed. It is responsible for:

• Monitor sanction and facilitate disbursement of incentives applicableunder the various policies of the government

• Review, process and facilitate project clearances includingmodernization, upgradation, and expansion of existing industrial units.

7

http://investodisha.org/eodb/single-window

Page 8: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha Industrial Infrastructure Development Corporation

• Odisha Industrial Infrastructure Development Corporation was establishedfor developing infrastructure facilities in the identified IndustrialEstate/Areas for rapid and orderly establishment and growth of industries,trade and commerce.

• The Odisha Industrial Infrastructure Development Corporation (IDCO) isthe nodal agency for providing industrial infrastructure in the state.

8

http://idco.in/2017/Profile

Page 9: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Access to Finance

9

Page 10: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Schemes:

• Odisha Youth Innovation Fund Scheme• Odisha Youth Innovation Fund Scheme• Odisha Industrial Policy 2015• Odisha Startup Policy 2016 with Amendments of 2018• Odisha MSME Development Policy 2016• Odisha Food Processing Policy 2016• Odisha ICT Policy 2014

Other Agencies:

• Odisha Bamboo Development Agency • Odisha State Financial Corporation

10

Page 11: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha Youth Innovation Fund Scheme

• The scheme was launched for promoting innovative entrepreneurshipamong the youth of the State and to foster the spirit of innovationamong the youth for the cause of socio-economic growth of Odisha.

• Under the scheme, a corpus of 200 lakhs has been kept by the StateGovt.

• Entrepreneur aged between 13 to 35 years can apply to avail thebenefit under this new scheme. Selected applications will be rewardedwith Rs.50,000/- for new ideas, Rs.1,00,000/ for any demonstrativeproduct, prototypes, patents, incubated products or services.

• Three lakh rupees will be provided for development of any enterprisebased on eligible innovative idea/products/services as prize money.

11http://osicltd.in/Content/images/PDF/Youth%20Innovation%20Scheme.pdf

Page 12: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha Industrial Policy 2015

• Industrial Policy Resolution 2015 has been formulated to make Odishaan investment hub of the country.

• The Policy focuses on providing quality industrial infrastructure,creation of a large land bank, financial assistance to the private sectorfor development of industrial infrastructure and sustainableenvironmental protection.

• Industries are entitled to get reimbursement per unit of power tarifffor a period of five years from the date of commercial production andtowards training cost of newly recruited persons.

• Green category industries will now be approved within 15 days andfor other projects, the approvals will be accorded within 30 days.

12

Page 13: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

• Capital subsidy of 10% upto maximum as indicated based on employmentand investment in Auto and Auto Components, Agro and Food Processing,Textile including Technical Textile & Apparel, Pharmaceuticals and Plasticssectors.

• The new industrial MSME units, will enjoy capital investment subsidy of 25per cent on the fixed capital investment with upper limit of benefit fixed atRs one Crore.

• Women entrepreneurs setting up new units will be entitled to additionaltwo years fiscal incentives relating to VAT (valued added tax) underIndustrial Policy Resolution (IPR)-2015.

13http://investodisha.org/industrial-policy

Page 14: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha Startup Policy 2016The policy aims at having 1000 startups in 5 years and to take Odishaamongst the top three startup hubs of the country by 2020. Incentivesprovided under the policy are:

• Startup Capital Infrastructure fund : It has provision for capitalinfrastructure fund up to Rs 25 crore to support the startup units andyoung entrepreneurs..

• Seed Fund for Startups: Private State-specific funds shall be encouragedto setup operations in the State for funding Start ups and Start upecosystem.

• Product Development and Marketing / Publicity Assistance: 50% of thepayment to a recognized startup entity may be made in advance and theremaining 50% will be made to its registered bank account upon utilizationof the advance payment on the basis of submission of utilizationcertificate along with bills

14

Page 15: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

• Startup Odisha Toll-Free Helpline 1800-345-7100: The helpline is aimed for startupstakeholders to have a platform for redressal of their queries related to startups.

• Assistance at idea/prototype stage: It has reimbursement provision up to Rs 1lakh per year for three years to institutions, incubators and industry for provinginternet, electricity and mentoring services to startups.

• Assistance once the Idea / Concept get commercialized: Marketing / publicityassistance upto Rs. 5 lakh will be provided for the introduction of innovatedproduct in the market. VAT/CST paid in Odisha by the Start up companies shall bereimbursed as per the Industrial Policy 2015.

• Startup Odisha Online Portal: The one stop platform for investors and startupswith information about the startup policy benefits, entrepreneurship ecosystem,incubators and angel investors. https://startupodisha.gov.in/?page_id=1172

• Amendments of 2018 to the policy : women, transgender, SC/ST and differently-abled would get a monthly allowance of $338 (INR 22K) for creating startups. Thefunding assistance for product development and marketing has also beenincreased to $24.5K (INR 16 lakhs) even if any of the co-founders is either awoman, differently-abled, transgender or belong to SC/ST.

https://startupodisha.gov.in/startup_odisha/wp-content/uploads/2018/03/StartupPolicy2016.pdf 15

Page 16: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha MSME Development Policy 2016

• The policy emphasizes on the development of entrepreneurship among ST,SC, specially abled and women and facilitate MSMEs to access domesticand export markets, provide a conducive eco-system for promotion andgrowth of MSMEs .

• Capital investment subsidy to new units will be provided from 10 per centto 25 per cent subject to the upper limit of Rs 1 crore.

• New Micro & Small Enterprises engaged in recycling of E-waste, Hospitalwaste, Construction & demolition waste will get additional capitalinvestment subsidy @ 5% of capital investment made in Plant &Machinery subject to an upper limit of Rs.10 lakh

• New MSMEs shall be entitled for reimbursement of 50% of expenditureincurred in obtaining Trade Mark subject to maximum of Rs.25,000/-.

16

http://www.msmeodisha.gov.in/PDF/FINALbyDI(O)-Odisha_MSME_Dev._Policy.pdf

Page 18: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha State Financial Corporation

• The corporation provides loan assistance for setting up of industries in thesmall and medium scale sectors and also medium scale.

• They also provide services like general insurance, valuation of assets andpreparation of project profiles.

18

http://www.osfcindia.com/default.asp

Page 19: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Odisha Food Processing Policy 2016

• The policy aims to increase the flow of investments in the sector acrossthe value chain from farm to market, increase shelf life and reducewastage of farm produce.

• The Policy also aims creation of infrastructure, such as Warehouses, Coldstorage, Primary Processing centres etc. along with an enablingecosystem.

• Financial assistance of @35% of the cost of standalone New ReeferVehicle/Mobile pre-cooling van up to a maximum of Rs.25 lakh shall beprovided for carrying & transporting both Horticultural & non-Horticultural produce.

• Fiscal incentives to be provided as Capital investment subsidy, Assistancefor Mega Food Park, Assistance to ULBs for Modernization of Meat Shopsand for promotional activities.

19

http://investodisha.gov.in/odisha-food-processing-policy

Page 20: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Information & Communication Technology Policy 2014

The ICT Policy, 2014 visions development of IT/ITES/ESDM industries inOdisha and leverage IT & ITES in governance to transform the state into aknowledge economy. Benefits under the policy:

• IT Parks/STPs will be given Entry Tax Exemption (during construction)- for aperiod of 3 years 10% 0f area for Incubation Units.

• IT/ITES/ESDM units (with up to 40 people) to get 60% to 80% subsidy onlease rentals (based on area) for incubation space with maximum term of2 years.

• IT/ITES/ESDM units (minimum 40 employees and 2 years of operation) toget 30% to 50% subsidy on lease rentals of built up space for a maximumterm of 2 years.

• Capital Investment Subsidy, VAT reimbursement and interest subsidy.

• Special incentive package for ESDM sector.

20

http://investodisha.gov.in/ICT-policy

Page 21: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

VC’s/Angel Investors

• Samridhi Fund is a social venture capital fund currently interested ininvesting in growth stage companies with good order book, establishedbusiness model, excellent promoter with experienced management teametc. which create jobs, enhance disposable incomes, quality of life andinfrastructure of the poor. http://samridhifund.com/index.php

21

Page 22: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Education & Cultural Preparedness

22

Page 23: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Educational Institutions Promoting Entrepreneurship

• Institute of Entrepreneurship Development Odisha(MSME initiative):The Institute of Entrepreneurship Development, Orissa is conductingEntrepreneurship Development Programme at the districtlevel. http://msmeodisha.gov.in/Rti_Other_Information.htm

• Sri Sri University Cuttack: The institute offers MBA in Entrepreneurship.http://www.srisriuniversity.edu.in/program/entrepreneurship-mba

• Xavier Institute of Management Bhubaneshawar- XSEEDEntrepreneurship Cell: XSEED is XIMB’s initiative to foster innovationand entrepreneurship.http://home.ximb.ac.in/~placement/industry/xseed.html

23

Page 24: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Mentoring & Networking

24

Page 25: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Startup Incubators, Co-Working Spaces

• e-MSME Seva: Department of MSME, Govt. of Odisha has developed anonline portal for guiding/facilitating entrepreneurs.http://www.msmeodisha.gov.in/Entrepreneurs_Memorandum.htm

• Trident Business Incubator is an initiative of Trident Academy ofTechnology (TAT), Bhubaneswar supported by Ministry of MSME.https://tat.trident.ac.in/activities/incubation-cell/

• KIIT - Technology Business Incubator (KIITTBI) is supported by NSTEDB,and Dept. of Science & Technology, Govt. of India. KIIT has had a thruston Biotechnology and Information & Communication Technology (ICT),and is now also focusing on other emerging areas in engineering andtechnology, and ruralinnovations. http://www.kiitincubator.in/index.html

25

Page 26: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

• Odia Accelerator provides mentoring support to entrepreneurs. They alsoprovide funding and space for start-ups during the program. Startups alsoreceive funding, workspace facilities, networking etc.http://www.odiaaccelerator.com/

• Invest Odisha: It is a nodal agency of Department of Industries, Odisha tofacilitate investment and entrepreneurship within the state.http://investodisha.org/

• STPI Bhubaneshwar: Ready-to-use incubation space is available forstartup companies, aspiring entrepreneurs, and multinational companiesetc., as per their requirements. http://www.bbs.stpi.in/incubation.jsp

• Verve Consult: They provide incubation facilities, mentorship, networkingand also co-working facilities.https://www.verveconsult.com/incubation.html#aboutus

26

Page 27: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

• Work Loop Co-working is a premium corporate co-working space with allbasic facilities plus business mailing address, event space and officesignage. http://www.workloop.in/

27

Page 28: Odisha - IEF · 2018-09-07 · Odisha Youth Innovation Fund Scheme • The scheme was launched for promoting innovative entrepreneurship among the youth of the State and to foster

Thank You.

28