news update
- ToStartup story | February 1, 2023
Tim Draper, a billionaire venture capitalist, and Dr. Omkar Rai, Executive Chairman of Startup Odisha, recently met at Kathak to discuss how to encourage entrepreneurship in Orissa and the “Draper Startup We discussed the possibility of building a house.
Tim Draper applauded the state government’s initiative to boost the startup sector. A Bitcoin billionaire investor, Draper is famous for making early bets on ground-breaking innovation companies such as Tesla, SpaceX, Hotmail and Skype. He provides startups with various forms of support. Reportedly, Tim Draper’s team and his Start-up Odisha began talking about the best way to move the project forward.
“Odisha’s startup ecosystem is growing exponentially by leveraging the strengths of both traditional and modern sectors. It has been ranked as a performer state. We discussed setting up a ‘Draper Start-up House’ in Orissa to further facilitate growth and support the startup ecosystem. With the ‘Draper Start-up House’ set up in Bangalore and the potential that Bhubaneswar has in the startup ecosystem, the next destination will likely be the capital of Orissa,” he said Dr Rai. I was.
With the ambition and mission of supporting 1 million entrepreneurs by 2030, the Draper Start-up House is committed to helping new business owners around the world. About 25 cities around the world have his Draper startup houses, and Draper apparently plans to increase that number to 50 this year.
Tim was impressed by Startup Odisha’s efforts, saying, “Supporting startup incubation is a very important job.”
Startup Odisha recently launched a number of initiatives such as Startup Odisha Yatra and Startup Xpress to foster student entrepreneurship and grassroots innovation. Additionally, the Odisha Start-up Growth Fund (Fund-of-Funds) is available to help start-ups grow. To reach students directly on campus and spread the message across higher education institutions such as colleges, universities and business schools, Startup Odisha has also developed the idea of “Campus Ambassadors”. These talented students inspire, educate, and guide the state’s startup ecosystem while serving as potential startups.
“The Orissa government has extended all its support to the startup ecosystem in the state to develop O-Hub, an incubation center of over 3.8 square feet in Bhubaneswar,” said Dr. Rai.
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