Startup Odisha incentives
Startup Odisha, Government of Odisha · 53 questions, 7 annexures
7 of 16 rules met · 9 for you to confirm · 0 not met
- Private limited company, incorporated in Odisha within the last 7 years, turnover under ₹25 crore.
- DPIIT recognition counts as proof of innovation.
- The ₹40 lakh angel round appears to meet the monthly-allowance and product-development triggers. The draft will ask you to confirm.
Standard effort: 53 questions across 7 annexures, but recognition (Annexure-2) comes first and the benefit annexures reuse it; Startup Odisha portal login.
See every rule
| Result | Rule |
|---|---|
| Met | Applicant must be an 'Entity' as defined in the policy (Annexure-1): a Private Limited Company or One Person Company (Companies Act 2013), a Registered Partnership Firm (Partnership Act 1932) or a Limited Liability Partnership (LLP Act 2008). The registration form drop-down lists Private Limited / Limited Liability Company / Registered Partnership / One Person Company (OPC). No other legal form is listed.Matches one of: private limited, one person company, llp, partnership. |
| Metsoft rule | Date of incorporation / registration is not prior to 7 years (amended vide Notification dt 16.03.2018).Incorporated within the last 7 years. |
| Met | For Biotechnology startups the incorporation / registration should not be prior to 10 years. This overrides the 7-year limit for biotech only.Incorporated within the last 10 years. |
| Met | Annual turnover does not exceed Rs. 25 crore for ANY preceding financial year (not only the last FY).Within the limit of 250000000. |
| Metsoft rule | Entity is registered/incorporated in Odisha OR, if not registered in Odisha, employs at least 50% of its total qualified workforce in Odisha. The workforce route is evidenced by CA-certified ESI and PF challans.Matches odisha. |
| To confirm | Entity is not an extension of an existing family business, nor formed by splitting up or reconstruction of a business already in existence (self-declaration).Confirm this yourself |
| Metsoft rule | Entity must be working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property, and be scalable. Proof of innovation is ANY ONE of: (a) DPIIT (DIPP) Startup India recognition certificate; (b) patent filed in the entity name and published in the Patent Journal in areas affiliated with the business; (c) sanction letter of funding/grant to the entity/founder/co-founder by GoI or any State Government, directly or via a third-party implementing partner, under a scheme to promote innovation; (d) letter of funding of not less than 20% equity by a SEBI-registered Incubation Fund/Angel Fund/PE Fund/Accelerator/Angel Network. Failing all four, a one-page note on innovativeness (max 2 MB) is accepted, ideally with a business plan.Confirmed. |
| To confirm | Monetary benefits can be applied for only by a 'recognised Startup entity'. The startup must first obtain Startup Odisha recognition (Annexure-2, certified by a Nodal Agency and approved by the Task Force). It then quotes its Startup Registration/Recognition Number on the benefit application.Confirm this yourself |
| To confirm | MONTHLY ALLOWANCE (Rs 20,000/month for 1 year) requires ANY ONE of: (a) total equity financing by a SEBI-registered AIF Category 1 & 2 fund or Angel Networks in the range of at least Rs 5 lakh to Rs 1.00 crore; (b) patent filed in the entity name and published in the Patent Journal in areas affiliated with the business; (c) sanction letter of funding/grant to the entity/founder/co-founder by GoI or any State Government, directly or through a third-party implementing partner, with no minimum amount stated; (d) revenue run rate of Rs 50 thousand to Rs 10 lakh per month over at least the last three months.Confirm this yourself |
| To confirm | PRODUCT DEVELOPMENT AND MARKETING/PUBLICITY ASSISTANCE (up to Rs 15 lakh, for introduction of the innovated product in the market) requires ANY ONE of: (a) total equity financing by a SEBI-registered AIF Category 1 & 2 fund or Angel Networks of at least Rs 25 lakh; (b) sanction letter of funding/grant to the entity/founder/co-founder by GoI or any State Government, directly or via a third-party implementing partner, of at least Rs 5 lakh; (c) revenue run rate of Rs 2.5 lakh per month during the preceding six months.Confirm this yourself |
| To confirm | NEED BASED ASSISTANCE (cost of raw material / components / Research & Development and other related equipment for the innovative process) is decided case to case. It is given only where innovation is dependent on a specific raw material / equipment / R&D, the product is a significant value addition over any existing product, and unavailability of that input would hinder innovation. It is subject to Startup Council approval.Confirm this yourself |
| To confirm | Monthly allowance is paid for one year only, and a startup entity can avail it only once. The benefit form asks 'Whether Availed Earlier?' for each benefit.Confirm this yourself |
| To confirmsoft rule | Enhanced amounts (Monthly allowance Rs 22,000; PDMA up to Rs 16 lakh) apply where the Founder(s)/Co-Founder(s) are women or transgender or from SC/ST/SEBC/PH categories AND such persons hold at least 50% equity in the startup entity. Proof of gender/social category must be uploaded.Confirm this yourself |
| To confirm | A rejected applicant can reapply for startup recognition / financial assistance one more time, after a gap of 3 months from the date the rejection was communicated.Confirm this yourself |
| To confirmsoft rule | Event participation support is only for State-recognised startups taking part in reputed national and international events where they are representing the State. Once approved, it covers economy airfare reimbursement (max Rs 8,000 domestic / Rs 20,000 international, limited to actuals) or 3-tier AC train fare (to and fro) to the city of the event. It also covers free stall space if the State Government sets up a stall.Confirm this yourself |
| Metsoft rule | Subsidised incubation (50% of monthly rental, max Rs 5,000/month, for a maximum of one year) is only for incubation at an incubator recognised by the Startup Odisha Initiative. The incubator must recommend the application and indicate the rent.Confirmed. |
