Union Minister Dharmendra Pradhan Launches 100-Cube Startup Initiative at IIT-Bhubaneswar

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Union minister Dharmendra Pradhan on Sunday launched an initiative of IIT-Bhubaneswar’s Research and Entrepreneurship Park, which aims at creating 100 startups with a valuation of Rs 100 crore each by 2036. The 100-Cube startup initiative was unveiled by Pradhan, Minister for Education, and Skill Development and Entrepreneurship, who added that innovation is “in the DNA of Odia society”.

“After seeing the new ideas and innovations of our youths, I am confident that 100 startups will be created by 2036,” he said. To achieve this goal, the park will provide essential resources, mentorship, seed capital and access to potential investors. It is set to expand to about 80,000 square feet from the existing 20,000 square feet over the next two years with support of Rs 130 crore from the Ministry of Education, officials said.

The minister also hailed the startup ecosystem in India, particularly in Odisha, “where 40% of startups are led by women”. “Innovation is in the DNA of Odia society. Our academic institutions, have the potential to provide solutions to global problems. Initiatives like 100CubeOdisha will tap the untapped potential of our youth and engineer solution-driven innovation and start-up revolution,” Pradhan posted on X. The trinity of youth, faculty and industry will drive this initiative, he added.

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Union Minister Dharmendra Pradhan Launches 100-Cube Startup Initiative at IIT-Bhubaneswar


News Update

Union minister Dharmendra Pradhan on Sunday launched an initiative of IIT-Bhubaneswar’s Research and Entrepreneurship Park, which aims at creating 100 startups with a valuation of Rs 100 crore each by 2036. The 100-Cube startup initiative was unveiled by Pradhan, Minister for Education, and Skill Development and Entrepreneurship, who added that innovation is “in the DNA of Odia society”.

“After seeing the new ideas and innovations of our youths, I am confident that 100 startups will be created by 2036,” he said. To achieve this goal, the park will provide essential resources, mentorship, seed capital and access to potential investors. It is set to expand to about 80,000 square feet from the existing 20,000 square feet over the next two years with support of Rs 130 crore from the Ministry of Education, officials said.

The minister also hailed the startup ecosystem in India, particularly in Odisha, “where 40% of startups are led by women”. “Innovation is in the DNA of Odia society. Our academic institutions, have the potential to provide solutions to global problems. Initiatives like 100CubeOdisha will tap the untapped potential of our youth and engineer solution-driven innovation and start-up revolution,” Pradhan posted on X. The trinity of youth, faculty and industry will drive this initiative, he added.

Follow Startup Story





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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