Odisha Govt Gives Green Signal For 5 Startup Proposals & Other News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

Odisha government gives nod for five startup proposals

The State Government of Odisha has approved five proposals, including the one for registering 3 new institutions as nodal centres for startups. Chairing a meeting of the State Startup Council, Chief Secretary Aditya Padhi also approved the proposals for providing financial assistance to technology business incubators in National Institute of Technology (NIT), Rourkela and KIIT, Bhubaneswar.

The three institutes which got the approval to function as nodal centres for startup are Institute of Hotel Management, Bhubaneswar, Sri Sri University, Cuttack and National Institute of Science and Technology (NIST), Berhampur.

IIT Madras incubated a startup that will help build other startups

The Indian Institute of Technology, Madras has incubated a startup whose objective is to help other startups. It will work to enhance the success of early-stage startups using machine learning and data sciences tools and techniques.

The startup named YNOS Venture Engine CC Private Limited was incubated at IIT Madras Incubation Cell.

It was founded by Prof Thillai Rajan, Department of Management Studies, IIT Madras, who has been researching Indian Venture Industry for close to a decade now.


Crowdera raises pre-series A funding from marquee investors

Fintech startup Crowdera has raised an undisclosed amount of funding as part of its current Pre-Series funding round. The marquee investors who participated in the funding round are – Anil Advani, the Silicon Valley startup attorney, Pramod Jain, Amrendra Reddy and Manish Satnaliwala, angel investors from Singapore, Anand Daga, SME IPO specialist from Central India, and a few more unnamed investors from San Francisco Bay Area.

The startup, which is based in California and India, is a cloud-based fundraising platform and offers a comprehensive fundraising framework for non-profits and social innovators to raise funds without any form of donor dippings.

Flying car startup backed by Google founder offers test flights

A flying car project backed by Google co-founder Larry Page was almost ready to take-off on Wednesday, with a model for test flights by aspiring buyers.

Kitty Hawk, funded by Page, unveiled a “Flyer” model is described as “an exciting first step to sharing the freedom of flight.”

The company was created last year in Google’s hometown of Mountain View, California, and has been testing a prototype in New Zealand. 

Today’s Take Away:

All along our lives, we meet people who want to dissuade us from following our dreams. But it is important that we stay strong and keep working hard to achieve our dreams.

As, motivational speaker, Tony Gaskin says,

“If you don’t build your dreams, someone will hire you to help build theirs.”