Startup Odisha - Financial Assistance for Recognized Startups
Startup Odisha provides various monetary benefits to startups recognized under their program. These include a monthly allowance for one year, product development and marketing/publicity assistance, need-based assistance for raw materials and equipment, financial support for event participation, and subsidised incubation.
About this scheme
Startup Odisha provides various monetary benefits to startups recognized under their program. These include a monthly allowance for one year, product development and marketing/publicity assistance, need-based assistance for raw materials and equipment, financial support for event participation, and subsidised incubation.
Who can apply
- Incorporation/registration not prior to 7 years (10 years for Biotechnology Startups).
- Annual turnover not exceeding Rs. 25 Crore in any preceding financial year.
- If not registered in Odisha, employing at least 50% of the qualified workforce in Odisha.
- Not an extension of an existing family business or formed by splitting/reconstruction.
- Proof of innovation (e.g., DIPP recognition, patent filed, funding/grant from government, funding from SEBI registered entities, or a write-up explaining innovation).
- Specific conditions apply for each monetary benefit (e.g., for monthly allowance, the startup needs to have received a certain amount of equity funding, filed a patent, received a government grant, or have a specific revenue run rate). Similar conditions apply for product development and marketing assistance with higher thresholds.
Ready to apply? Get the official link
Applications are submitted directly with Startup Odisha, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
Apply in your own name with Startup Odisha. Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
How much funding does Startup Odisha - Financial Assistance for Recognized Startups provide?
Startup Odisha - Financial Assistance for Recognized Startups provides rs. 20,000 to Rs. 16 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is Startup Odisha - Financial Assistance for Recognized Startups currently accepting applications?
Applications currently closed. Always confirm the current window with the program authority before preparing your application.
Does Startup Odisha - Financial Assistance for Recognized Startups take equity?
No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.
IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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