Hall of Fame 2.0 Showcases Start-Ups From Across Odisha

Hall of Fame 2.0 Showcases Start-Ups From Across Odisha

Hall of Fame 2.0, a joint endeavour of TiE Bhubaneswar and Start-up Odisha, was inaugurated by Omkar Rai, Executive Chairman, Start-up Odisha, Manoj Mishra, Secretary, Electronics and IT, Government of Odisha, Debashish Patnaik, President, TiE Bhubaneswar, and  Sunil Taneja, Vice President, TiE Bhubaneswar. 25 start-ups from across the state showcased their products and ideas at a specially organised exhibition during Hall of Fame 2.0.

Speaking at the inauguration, Rai said, “The start-up ecosystem in the state has attained critical mass. During the current year, the start-up ecosystem in Odisha has received around Rs 100 crore funding for various start-ups of the state and the total funding has risen to Rs 359 crores from angel investors and venture capitalists. We have been receiving very encouraging responses from the start-ups on the ground from across the state. The recently concluded Odisha Start-up Growth Fund, Fund of Funds has attracted a commitment of over Rs 1000 crores, which will be made available to start-ups and will be invested in another 5 years. I am sure that at the conclusion of Hall of Fame 2.0 the chosen 25 start-ups will bring in more investment into our ecosystem. Odisha today has a large pool of mentors and world-class incubators, with a best-in-class start-up policy. We are in the process of revising the Start-up Policy, and an enhanced policy will be announced at the forthcoming Make In Odisha Conclave 2022.”

In his address, Manoj Mishra said, “The IT space in Odisha has been changing rapidly for the better and start-ups have had a large role to play. The exhibition by the 25 start-ups for Hall of Fame 2.0 is very impressive with a wide variety of products, both IT and non-IT, that represents the whole start-up ecosystem in the state. My advice to start-ups is not to stop self-growth. From the idea to making it a company is a difficult journey, but the fact that you have been chosen, shows that you have the right idea. Don’t chase valuation, but rather chase the value for your product and create values to make your company flourish. Read books and keep adding value to yourself and your company. I congratulate TiE Bhubaneswar for creating this platform and for identifying such innovative start-ups.”

Debashish Patnaik in his address said, “Hall of Fame was planned to showcase the innovative ideas and creativity of deserving start-ups, whose expertise has not been recognised. The Hall of Fame showcases 25 start-ups, who have displayed their products in the exhibition.”

Delivering the vote of thanks, Sunil Taneja said, “TiE is here to support entrepreneurs. In order to be considered as entrepreneurs, you need to hire, you must delegate, you have to be last in the line with regard to finance and money, salaries, taxes and other overheads need to be paid first, and lastly you should have no fear of failure.”

High level investors from across the country including Mumbai Angels, Indian Angels, Lets Venture and others interacted with the start-ups and shared with them important aspects in financial management related to their products and services. An open house session was conducted with investors for start-ups to interact, clear doubts and receive advice on entrepreneurship.