EXTRAORDINARY

PUBLISHED BY AUTHORITY

No.2142 CUTTACK, SATURDAY, NOVEMBER 17, 2018/KARTIKA 26, 1940

MICRO, SMALL & MEDIUM ENTERPRISES DEPARTMENT

NOTIFICATION

The 6th November, 2018

Sub : Revised Operational Guidelines for Odisha Startup Policy-2016.

No.7098–S&I(IED)-20/2018/MSME.–—

I - Definitions

For the purpose of convenience, all definitions as per the Odisha Startup Policy-2016

and subsequent amendment in March, 2017 and 2018 are indicated in Annexure-1.

II - Startup

Startup Recognition / Registration

The registration by a startup entity for recognition can be done online by simply filling a

Startup Registration Form (Annexure-2) and giving self- certification for the following set of

documents:—

1. Incorporation certificate of the entity:

This would be verified from the MCA-21 portal.

2. Self-certification for Startup definition:

a. The date of its incorporation / registration is not prior to 7 years. In case of

Biotechnology Startups incorporation/registration should not be prior to 10 years.

b. The entity’s annual turnover does not exceed Rs.25 crore, for any preceding

financial year.

c. If not registered in Odisha, the entity employs at least 50% of its total qualified

workforce in Odisha.

d. The entity is not an extension of the existing family business; or formed by

splitting up or reconstruction of a business already in existence.

3. Self-Certification for Proof of innovation:

a. DIPP Startup India recognition certificate; OR

b. Startup has a patent filed in the entity name and published in the Journal by the

India Patent Office in areas affiliated with the nature of business being promoted;

c. Sanction Letter of funding / grant to the entity/ founder/ Co-founder by

Government of India or any State Government (Either directly or through third

party implementing partner) as part of any specified scheme to promote

innovation; OR

d. Letter of funding of not less than 20 per cent in equity by any Incubation Fund/

Angel Fund/ Private Equity Fund/ Accelerator/ Angel Network duly registered with

Securities and Exchange Board of India that endorses innovative nature of the

business; OR

e. If an entity doesn’t possess any of the above mentioned four documents, they may

submit a one page write-up / note explaining innovative nature of its product. The

applicant entity is encouraged to share its business plan along with the note on

innovation.

Application Process for Recognition / Registration

1. The startup entity will have to submit its application online in the Startup

Registration Form (Annexure-2).

2. The Nodal Agency on satisfaction will certify the registration proposal online within

2 weeks, which they will forward to the Startup Secretariat. However, Nodal

Institute may schedule a call or a meeting with the startup entity, if it deems

necessary, within the first week of receipt of such application.

3. Startup Secretariat will collate all such certified applications and will present them

with its recommendation to the Task Force for consideration and final approval.

4. Result will be published online and also emailed to the concerned Startup entity.

5. In case a Nodal Agency is unable to evaluate an application within the specified

time of 2 weeks, it shall be granted a maximum of additional 1-week time to

complete the process. In case the concerned Nodal Agency does not meet the

extended deadline, the application shall automatically move to another Nodal

agency with the same domain with the time limit of two weeks for disposal. In rare

cases, where both the first and the second Nodal Agency fail to evaluate an

application within their specified time limits, it shall automatically move to the

Startup Secretariat. The Startup Secretariat shall evaluate the same within two

weeks.

Benefits to Recognized Startup

A ’recognized Startup entity’ may apply for any of the following monetary benefits

available under the Startup Odisha initiative:

1. Monthly allowance of Rs.20,000 (the amount shall be Rs.22,000/- if the startup

Founder(s)/ Co-Founder(s) are Women or Transgender or from Social Categories

such as SC/ST/SEBC/PH. In such a case, woman or transgender or SC/ST/SEBC/PH

should have at least 50% equity in the startup entity) which may be provided to a

'recognized Startup entity’ for a period of one year, if it fulfills any of the following

conditions:—

a. Startup has got total equity financing by 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. Startup has a patent filed in the entity name and published in the Journal by

the India Patent Office in areas affiliated with the nature of business being

promoted; or

c. Sanction letter of funding / grant to the entity / founder/ Co-founder by

Government of India or any State Government(Either directly or through third

party implementing partner); or

d. The startup has got a revenue run rate of Rs. 50 thousand to Rs. 10 Lakh per

month over the last three months at least.

2. Product Development and Marketing/Publicity assistance up to Rs. 15 lakh

(the amount shall be Rs.16 lakh, if the Startup Founder(s)/ Co-Founder(s) is woman or

transgender or from Social categories such as SC/ST/SEBC/PH. In case, Woman or

transgender or SC/ST/SEBC/PH should have at least 50% equity in the startup entity),

which may be given to a 'recognized' Startup entity for introduction of innovated

product in the market , if it fulfills any of the following conditions :

a. Startup has got total equity financing by SEBI registered AIF Category 1 & 2

fund or Angel Networks of at least Rs. 25 Lakh; or

b. Sanction Letter of funding / grant to the entity/ founder/ Co-founder by

Government of India or any State Government(Either directly or through third

party implementing partner) of at least Rs. 5 Lakh; or

c. The startup has got a revenue run rate of Rs.2.5 lakh per month during the

preceding six months.

3. Need based assistance, which may be considered on case to case basis to a

‘recognized Startup entity’ towards cost of raw material / components / Research

& Development and other related equipments required for the innovative process

for new product development / existing product improvement.

However, this assistance will be provided only in case(s) where innovation is

dependent on specific raw material / equipment / Research & Development and

subject to approval by the Startup Council.

4. Financial Support to Startups for participating in National and

International Events:

a. The Government shall provide financial support to State recognized Startups

for participating in the reputed National & International events, where they are

representing the State.

b. The support may include economy class airfare or 3 tier AC train fare for travel

and free space in the stall if set up by State Government.

5. Subsidized Incubation: Recognized Startups may avail subsidy benefit to the

extent of 50% of monthly rental of the incubation space (subject to a maximum of

Rs.5000/-) for a period of maximum one year, if getting incubated at any of the

incubators recognized by the Startup Odisha Initiative.

Application Process for availing Financial Benefit

1. Once recognized, a startup entity can apply online for the monetary benefit with

Startup Odisha initiative by filling a standard form (Annexure-3).

2. The Nodal Agency will review the monetary application of the startup entity and

will share its review online with the Startup Secretariat within next 2 weeks of

receipt of such application. However, Nodal Agency may schedule a call or a

meeting with the startup entity, if it deems necessary, within the first week of

receipt of such application.

3. Startup Secretariat will collate all such applications and undertake due diligence of

the applications and requisite documents (Annexures 3-5) and present them with

its recommendation to the Task Force for consideration and final approval within

next 2 weeks of receipt of such application. Result will be published online and

also emailed to the concerned Startup entity.

4. Once approved by the Task Force, Startup will receive the monetary benefit(s)

directly in the entity's bank account.

5. In case of application by a recognized Startup for financial support to participate in

reputed National & International events, the Nodal agency will review the

application(s), verify documents and forward its recommendation to the Startup

Secretariat within one week of submission of such application(s).

The Startup Secretariat will then, examine such recommendations received

from nodal agencies and furnish its final recommendation to the Task Force to

enable it to take decision. The Task Force may accept or reject the

recommendation.

Once approved, the Startup will get reimbursement of economy class air

fare subject to a maximum of Rs. 8,000/- for domestic travel or Rs. 20,000/- for

international travel limited to actuals or 3-tier a/c train fare for travel (to and fro)

to the city of event.

6. For Subsidized Incubation, a recognized Startup may apply in the application form

prescribed at Annexure-12. Once applied, the application will go to the concerned

recognized Incubator opted by the Startup.

The Incubator concerned will examine the application and may accept or

reject the application by giving reasons therefore. In case the incubator concerned

is recommending the acceptance of the application, it will indicate the monthly

rental of Incubation Space to the Startup Secretariat within one week of receiving

the application.

Startup Secretariat then may accept or reject the recommendation of the

incubator. In case it agrees, may reimburse 50% of the monthly rental of the

incubation space subject to maximum of Rs. 5,000/- per month for a maximum

period of one year. The reimbursement will directly be made to the concerned

recognized incubator subject to submission of monthly bill and certificate of

occupancy of the Startup duly certified by both the concerned incubator and

Startup.

7. In case a Nodal Agency is unable to evaluate an application within the specified

time of 2 weeks (1 week in case of applications financial support to participate in

reputed National & International events), it shall be granted a maximum of

additional 1-week time to complete the process. In case the concerned Nodal

Agency does not meet the extended deadline, the application shall automatically

move to another Nodal agency with the same domain with the time limit of two

weeks (1 week in case of applications financial support to participate in reputed

National & International events) for disposal. In rare cases, where both the first

and the second Nodal Agency fail to evaluate an application within their specified

time limits, it shall automatically move to the Startup Secretariat. The Startup

Secretariat shall evaluate the same within two weeks.

Fund Release Guideline

1. Monthly Allowance:

a. Monthly payment for the first three months may be made directly to a

recognized eligible startup entity in its registered bank account on a monthly

basis.

b. Three months onwards, payment may be released based on the utilization

report submitted by the Startup online to the Nodal agency within 15 days of

completion of the first three months.

c. Startup entity shall submit a utilization report highlighting the utilization of the

monthly allowance in the first three months and enclose/upload supporting

documents and bills, where applicable.

d. Payment of the monthly allowance will be made for a period of one year only.

e. Startup entity can avail this benefit only once.

f. Startup entity shall submit a final utilization certificate highlighting utilization of

the monthly allowance along with supporting documents and bills within one

month of the completion of 1 year.

2. Product Development and Marketing / Publicity Assistance:

a. Startup will have to submit a self-contained product development plan with

justification, online (Annexure-4).

b. Subject to approval, 50% of the payment to a recognized startup entity may be

made in advance and the remaining 50% will be made to its registered bank

account upon utilization of the advance payment on the basis of submission of

utilization certificate along with bills.

c. The Startup entity must submit utilization certificate along with bills for the

advance payment within three months of receiving the grant.

d. The Startup entity must submit final utilization certificate along with bills for

the entire amount within six months of release of grant.

3. Need based Assistance:

a. Startup entity will have to submit a self-contained plan with justification online

(Annexure-5) for the need and the manner of utilization of the assistance.

b. Subject to approval, payment may be made directly to a recognized startup in

its registered bank account.

c. The Startup entity must submit utilization certificate along with bills for all the

expenses within three months of receiving the grant.

4. Financial Support for participating in reputed National and International

Events:

The Startup entity will apply online (Form at Annexure 11) along with required

supporting document for financial support to cover travel expenses for

participating in reputed National/International event.

Subject to approval, payment may be made directly to a recognized Startup in

its registered bank account.

5. Subsidized Incubation:

a. The startup entity will have to apply online (Annexure 12) for subsidized

incubation at any of the Incubators recognized by Startup Odisha Initiative.

b. Once approved, a fresh rent agreement needs to be made between the Startup

and the Incubator based on the subsidized incubation approval for one year

and the same be submitted to Startup Secretariat within 1 month from

approval date.

c. The reimbursement will directly be made to the concerned recognized

incubator on quarterly basis based on submission of bill and certificate of

occupancy of the Startup duly certified by both the concerned incubator and

Startup.

d. Payment of the monthly subsidy will be made for a period of one year only.

e. This benefit can be availed only once by a recognized Startup.

f. Startup cannot sub-lease or share subsidized incubation space with any other

entity during the subsidy period.

III – Incubator

Benefits to Incubators

1. One-Time Capital Grant of 50% of the capital cost (excluding the cost of

building) up to a maximum of Rs.1 crore, which may be given to an approved

incubator to set up or scale up incubation facility.

2. In case, a university recognized under the Central/ State Act/ a reputed academic

institution/ Centre of Excellence such as IIT, IIM, NISER, IISER etc. is able to raise

funding for development of its incubation infrastructure, the Startup Council may

consider providing a matching grant subject to an upper limit of Rs.5 crore on

case-to-case basis. Such grant from the government shall only be used for

development of incubation infrastructure including purchase of equipment for the

incubation facility.

3. Reimbursement of Utility Expenses of Rs.1 lakh per year for a period of 3

years, which may be provided to an approved incubator for providing free internet,

free electricity and free mentoring services to the incubatees. This benefit will not

be available to virtual incubators.

4. Performance capital grant of Rs.5 lakh, which may be given to an approved

incubator for its each successful Startup incubated at least for a minimum period

of 3 months.

Application Process for Approval (Recognition) of an Incubator

1. Existing / Aspiring incubator may register by filling Incubator Registration Form

with Startup Odisha initiative (Annexure-6).

2. Startup Secretariat will collate all such applications and will present them with its

recommendation to the Task Force for final consideration and approval.

3. Task force will consider these applications once in a month and decide.

4. Result will be published online and also emailed to the concerned Incubator.

Application Process for availing Monetary Benefit

1. An approved incubator may apply online for monetary benefit as applicable, with

Startup Odisha initiative (Annexure-7).

2. Incubator shall provide proof of capital investment made as ‘own contribution’ for

availing one-time capital grant.

3. In case a university is able to raise funding for development of its incubation

facility, proof of such funding shall be provided for availing the matching grant.

4. Startup Secretariat will collate all such applications, undertake due diligence of

such applications and requisite documents and will present them with its

recommendation to the Task Force / Startup Council for final consideration and

approval. Result will be published online and also emailed to the concerned

Incubator.

5. Once approved by the Task Force / Startup Council, the existing / aspiring

incubator will receive the monetary benefit directly in its bank account.

Eligibility

1. One-Time Capital Grant:

a. Aspiring / Existing incubators established in a University / Educational

Institute will be eligible for one timegrant of 50% of capital cost (excluding

the cost of building) up to a maximum of Rs. 1.0 crore to set up / scale up

an Incubator Facility.

b. However, Aspiring / Existing incubator should dedicate a minimum of 5,000

sq. feet of carpet area to the incubatees.

c. In case, a university recognized under the Central/State Act/ a reputed

academic institution/ Centre of Excellence such as IIT, IIM, NISER, IISER

etc. is able to raise funding for development of its incubation infrastructure,

the Startup Council may consider providing a matching grant subject to an

upper limit of Rs.5 crore on case-to-case basis.

d. Such grant from the Govt. shall only be used for development of incubator

infrastructure including purchase of equipment for the incubation facility.

2. Reimbursement of utility Expenses:

a. Applying body should be an approved Incubator.

b. Applicable only for an incubator having physical infrastructure in place.

c. Applicable only if incubator is providing free internet, free electricity and

free mentoring services to the incubatees.

3. Performance capital grant

a. Applying body should be an existing approved Incubator.

b. Applicable, only if the successful startup is incubated for at least three

months at the approved incubator.

Fund Release Guideline

1. One-Time Capital Grant:

a. The approved aspiring/ existing incubator will submit online application for

Monetary Grant (Annexure-7) to the Startup Secretariat and upload

requisite documents for due diligence.

b. The grant may be disbursed in a phased manner as per the

budget/utilisation plan submitted by the incubator and approved by the

Startup Council.

c. The grant may be disbursed in proportion to the funds brought in by the

approved incubator, as mentioned in their budget plan and approved by

the Startup Council.

2. Reimbursement of Utility Expense:

a. One-time payment of utility expenses limiting to Rs. 1 lakh per year for a

maximum period of 3 years may be made directly to the approved existing

incubator in itsregistered bank account.

b. The incubator must submit bills for the expenses while availing the grant

and submit utilization certificate within 3 months of the release of the

grant.

3. Performance capital Grant:

a. One-time payment may be made directly to the approved incubator in its

registered bank account.

b. The approved incubator will submit a list of the successful incubatees

incubated at least for a period of three months.

IV - Nodal Agency

Introduction

In order to avail the benefits announced in the Startup Odisha initiative, an entity would be

required to be recognized as a Startup. To this effect, it would be required to submit an application

online along with a note on innovation. All such registering entities application’s need to be

carefully reviewed by an expert committee hosted under the Nodal Agency. As per the policy

“Nodal Agency shall mean reputed Government as well as other institutions/ organizations as

approved by the Startup Council as Nodal Agencies for certifying Startups."

Objective

To review

(i) Applications of Startups for their recognition and

(ii) The merit of the Startup applications for monetary grants.

Fee

Nodal Agency will be paid fee for review of registration & all other assistance as follows:



Startup Recognition: One-time fee of Rs. 1,500 per application



Monetary Grant Application: One-time fee of Rs. 5,000 per application, which

shall also include the periodic review of startups' performance.

Fund release guideline

The bill for the fee payable to the nodal agency will be auto generated by the system on a

monthly basis and will be paid after due diligence by the Startup Secretariat directly in the Bank

A/c of the Nodal Agency.

Selection of the Nodal Agency

Selection of Nodal Agency will be on invitation basis only with the approval of Startup

Council. The selected Nodal Agency will however have to fill up a form as per Annexure-8.

V - Application for Registering as Angel Network

Introduction

In order to register or avail monetary benefits under the Startup Odisha initiative, one of

the selection criteria is being funded through an angel network recognized by Startup Odisha

initiative.

Selection of Angel Network

For an angel network entity to register with Startup Odisha, it would be required to submit

an application online (Annexure-9) and will have to submit following documents:

1) Incorporation Structure.

2) Investment facilitation declaration duly certified by a registered Chartered

Accountant/statutory auditor authorizing the funding.

All such applications need to be carefully reviewed by the Startup Secretariat and will be

approved by the Startup Council. Result will be emailed to Angel Network directly and will also be

published online.

VI - Terms & Conditions

1. The incubator will be required to put in place the requisite physical infrastructure

(shared/specific) such as laboratory, workshop facilities, utilities, support services,

pre-incubation services, networking, mentoring and other facilities within a period

of six months from the date of release of capital grant and other benefits.

2. The incubator would also put in place a dedicated full time Chief Executive Officer

(CEO) with desired domain and management expertise with other core

team/supporting staff for the successful operation of incubator within two months

from the date of release of funds.

3. The incubator would evolve a transparent system for selection of incubatees. The

incubatees would be admitted subject to fulfilling the admission criteria and the

incubator would enter into an appropriate agreement with its incubatees.

4. Each incubator would be required to have a website of its own, which should be

updated on a continuous basis.

5. The grantee is required to send online i) progress report; and ii) audited statement

of accounts and Balance Sheets to the Startup Secretariat at the end of each

financial year as well as at the time of seeking further installments of the grant, if

any. However, companies and individuals would be required to submit a yearly

expenditure statement for the full amount (including their own contribution) to

ensure that matching funding is released.

6. The incubator will be reviewed quarterly both for financial and physical

performance. The release of subsequent grants will be based on satisfactory

performance.

7. Officers of the Startup Secretariat/ Government may visit the organization

periodically for ascertaining the progress of work and resolving any difficulties that

might be encountered during the course of implementation.

8. Government/Startups Secretariat reserves the right to terminate support to the

incubator at any stage, if it is convinced that the grant is not being utilized

properly for the purpose for which the same is released.

9. All the assets acquired or created from the grant will be entered and maintained in

a separate register and should not be disposed-off or encumbered or utilized for

purpose other than those for which the grant has been sanctioned without the

prior permission of the Startup Secretariat.

10. The grantee must not entrust the implementation of the work for which the grant

is being sanctioned to another institution and divert the grant receipts as

assistance to the latter institution.

11. In case any information provided is found to be false, the Startup / Incubator’s

registration will stand canceled and it will have to repay the assistance already

released within six months failing which action will be initiated as per Government

rules and guidelines for recovery.

By Order of the Governor

L. N. GUPTA

Additional Chief Secretary to Government

Annexure-1

Definitions

1) Accelerator: Accelerator is an organization or program that enables rapid growth

of new Startups by providing specific services like: mentoring, training, resources

and networking to help Startups increase their customer base, generate more

profits, prepare for funding and professionalize their organization.

2) Entity: Private Limited Company or One Person Company (as per the Companies

Act 2013), a Registered Partnership Firm (under the Partnership Act, 1932) or

Limited Liability Partnership (under the Limited Liability Partnership Act, 2008).

3) Incubator: An organization designed to support Startup companies during the

early stages to help develop a scalable business model through business support

resources and services such as physical space, capital, coaching and mentoring,

common services including corporate and legal services and providing networking

connections. An Incubator shall also mean a Technology Business Incubator (TBI)

recognised either by the Central or State Government.

(i) The incubator entity must be a registered entity falling under one of the

following categories:

a) Society (under The Societies Registration Act, 1860)

b) Section 8 Company (under The Companies Act, 2013)

c) Private Limited Company (under The Companies Act, 2013)

d) Public Company (under The Companies Act, 2013)

e) Limited

Liability

Partnership

(under

The

Limited

Liability

Partnership Act, 2008)

(ii) The incubator entity should facilitate at least 3 months interaction in

person or virtual interactions between its incubatees and mentors, when

in operation.

Besides the above, Startup Council may consider case of a reputed academic

institution/deemed university for recognition as incubator even if the same does

not fall under any of the above categories.

4) Innovation: The process of translating an idea or invention into a good or service

that creates value for which customers will pay. Innovation involves deliberate

application of information, imagination and initiative in deriving greater or different

values from resources.

5) Nodal Agency: Nodal Agency shall mean reputed Government as well as other

institutions / organizations as approved by the Startup Council as Nodal Agencies

for certifying Startups.

6) Startup: Startup is an entity involved in crafting repeatable and scalable product

or service making a positive impact in the society, where the solution is not

obvious and success is not guaranteed.

An entity shall be considered as “Startup” provided that:

a. The date of its incorporation / registration is not prior to 7 years. In case of

Biotechnology Startups incorporation/registration should not be prior to 10

years;

b. Its annual turnover does not exceed Rs. 25 crore, for any preceding

financial year;

c. Such entity is working towards innovation, development, deployment or

commercialization of new products, processes or services driven by

technology or intellectual property and makes it scalable for achieving

commercial success;

d. It is registered in Odisha or employs at least 50 per cent of its total

qualified workforce in Odisha;

e. Such entity is not an extension of the existing family business; or formed

by splitting up or reconstruction of a business already in existence.

7) Successful Startup: Startup would be considered ‘successful’ if it fulfills any of

the following conditions:

a. Startup has got total equity financing by SEBI registered AIF (Alternative

Investment Fund) Category 1 & 2 fund or Angel Networks of at least Rs. 25

Lakh; or

b. Sanction Letter of funding / grant by Government of India or any State

Government of at least Rs. 5 Lakh; or

c. The startup has got a revenue run rate of Rs. 10 Lakh a month over last six

months.

8) Marketing expense: Expense of the following nature shall be considered as

marketing expense:

a. Media purchase to promote startup product / service across digital, print,

TV, radio and Out of Home media; or

b. Expense for media development such as creative, jingles, brochures, etc.

as may be required; or

c. Cost for setting up stall or counter at a business relevant exhibition in India

or abroad along with economy class travel and three star hotel stay for the

duration of the event for two individuals working with the Startup for at

least three months subject to prior approval of the Government.

Sales discount shall not form part of the marketing expense.

9) University: University means a University established or incorporated by or under

a Central Act or a State Act, and includes any such institution as may be

recognised by University Grant Commission.

Annexure – 2

Startup Registration Form

Sl. No.

Fields

Incorporation Number *

Sector (To be selected from the drop down box)

Date of Incorporation

Entity’s Name

Entity’s Address

Entity’s Website URL

Focus Area : Product Service

Incorporation Structure (To be selected from the drop down box)

- Private Limited

- Limited Liability Company

- Registered Partnership

- One Person Company (OPC)

Director’s / Promoter’s Name, Gender, Caste & Shareholding percentage (All directors)

Director’s / Promoter’s Mobile Number (Main & alternative)

Director’s / Promoter’s Email Id (Main & alternative)

Self-Declaration (Tick appropriate ones)

Date of incorporation / registration of entity is not prior to 7 years. In case

of Biotechnology Startups incorporation/ registration should not be prior to 10

years.

The entity’s annual turnover does not exceed Rs.25 Crore, for any preceding

financial year.

If not registered in Odisha, the entity employs at least 50% of its total qualified

workforce in Odisha.

The entity is not an extension of the existing family business; or formed by

splitting up or reconstruction of a business already in existence.

Brief description of product &innovation:

Innovation Proof (Tick the appropriate one)

- DIPP Startup India recognition certificate; OR

Patent filed in its company name and published in the Journal by the

India Patent Office in areas affiliated with the nature of business

being promoted; OR

Sanction Letter of funding / Grant to the entity/ Founder/ Co-Founder by

Government of Indiaor any State Government(Either directly or

through third party implementing partner) as part of any specified scheme

to promoteinnovation; OR

Letter of funding of not less than 20 percent in equity by any Incubation

Fund/ Angel Fund/ Private Equity Fund/ Accelerator/ Angel Network duly

registered with Securities and Exchange Board of India that endorses

innovative nature of the business; OR

None of the above.

In case of none of the above, a note on Innovativeness (not more than 2 MB size) to be attached.

Are you already an Incubatee? If Yes, write the name and contact details of the Incubator.

Nodal Agency’s Remarks / Recommendation

(Name and designation of officer of Nodal Agency recommending the proposal)

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

* Incorporation number would be verified through MCA-21 portal, where applicable.

Annexure – 3

Application for Startup Monetary Benefit(s)

Sl.

No.

Fields

Startup’s Registration Number*

Entity’s Name

Entity’s Email Id

Entity’s Bank Name

Entity’s Account Holder’s Name

Entity’s Account Number

IFSC Code of the Bank

Type of Benefits for Startup

Assistance Required

(Tick)

Whether Availed Earlier?

(Tick)

Monthly Allowance Grant

Yes

Reimbursement of Product Development and

Marketing / Publicity Assistance

Yes

Need Based Assistance

Yes

Explanation

Requirement of Monthly Allowance Grant (Click & fill up the monthly allowance in the box at row-10)

Requirement of Product Development and marketing assistance (Fill-up Annexure-4).

Requirement of need based assistance for Raw Materials / Components / Other related equipment’s (Fill-

up Annexure-5).

Amount of assistance required

(in Rs.)

Monthly

Allowance

Product Development

Marketing Assistance

Need Based

Assistance

Documents for Due Diligence to be uploaded:

Incorporation Certificate, if not verified by MCA-21 Portal.

Signed Shareholder’s Agreement and covering letter duly certified by a registered Chartered

Accountant/statutory auditor authorizing the funding.

Copies of Balance Sheets and Profit and Loss Accounts duly certified by a registered Chartered

Accountant/statutory auditor.

Workforce Proof (applicable for units not incorporated in Odisha): Employee State Insurance (ESI) and

Provident Fund (PF) Challan for the startup highlighting the workforce duly certified by a registered

Chartered Accountant/statutory auditor.

Proof of 20% equity participation by SEBI approved fund or Patent certificate or Sanction Letter of

funding / grant by Government of India or any State Government.

Supporting document as proof of gender/social category (In case, Woman or transgender or

SC/ST/SEBC/PH have at least 50% equity in the startup entity)).

Brief description of product &innovation:

Nodal Agency’s Remarks

(Name and designation of officer of Nodal Agency recommending the proposal)

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

* Registration number as given to the Startup by the Startup Secretariat.

Annexure – 4

Startup Product Development and Marketing Plan

(A) Marketing Plan

Media Type

Publisher

Duration / Time Frame

Amount

Objective

Nodal

Agency’s

Remarks

Total

Exhibition

Name

Location

Stall

Requirement

Dates

Amount

Objective

Nodal Agency’s

Remarks

Total

Name

Designation

Nodal Agency’s Remarks / Recommendation

(Name and designation of officer of Nodal Agency recommending the proposal)

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

# Name(s) of the person & designation participating in the exhibition/ conference/ seminar.

1) Media Type: Digital, Print, TV, Radio, Out of Home, Others.

2) Duration / Time Frame: e.g. number of days, etc.

3) Amount: Total amount for that media type.

4) Exhibition Name: Name of the conference / exhibition / seminar.

5) Location: City & Country

6) Stall requirement: Yes / No

7) Dates: Duration of the event

(B) Product Development Plan

Describe your Product & Innovation with possible uses/applications of product(200 words)

Explain detailed product development process with emphasis on various cost heads being incurred at all

stages of the product development lifecycle (1000 words)

Sl. No.

Cost Head

Cost

Nodal Agency

Recommendation

Total

Nodal Agency's Remarks / Recommendation

Name and designation of officer

of Nodal Agency recommending the proposal

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

Annexure – 5

Need Based Assistance

Describe your Product &Innovation (200 words)

Explain detailed product development process/ lifecycle (500 words)

Explain how the specific equipment/ raw material is critical in development of the innovative

product (300 words)

Explain in detail how your product is a significant value addition over any other product

currently existing in the market (300 words)

Sl. No.

Name of Raw

Material/ Equipment

Closest Substitute

available

Cost

Nodal Agency’s

Recommendation

Total

Nodal Agency’s Remarks / Recommendation

Name and designation of officer

of Nodal Agency recommending the proposal

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

P.S.

Need based assistance shall be provided only in cases where the availability of a specific raw material

component / equipment/ Research & Development is critical and the development of an innovative product

which is a significant value addition over any other product currently existing in the market. The unavailability

of the specific raw material/ equipment/ Research & Development should be hindrance to innovation.

Annexure – 6

Incubator Registration Form

Sl. No.

Fields

Incorporation Number*

Incorporation Date

Name of the Incubator

Name of the University/Organization in which Incubator is situated

Existing/Aspiring Existing Aspiring

Sector (To be selected from the dropdown box)

Incorporation Structure (To be ticked from the dropdown box)

- Society (under The Societies Registration Act, 1860)

- Section 8 Company (under The Companies Act, 2013)

- Private Limited Company (under The Companies Act, 2013)

- Public Company (under The Companies Act, 2013)

- Limited Liability Partnership (under The Limited Liability Partnership Act, 2008)

Incubator’s Address

Incubator’s Email ID

Incubator’s Mobile Number

Incubator’s Website URL

Contact Person’s Name

Contact Person’s Designation

Contact Person’s Mobile Number

Contact Person’s Email Id

Floor Area (in sq. Ft.)

Laboratory /workshop facilities

Availability of Internet Yes No Speed in MBPS

Total Manpower for O&M

Details of the Govt. /

Corporate sponsored

incubation programs, if any?

Sponsoring

Agency

Name of the

scheme /

programs

Achievements

No. of Incubatees Graduated

If aspiring incubator, please upload the following documents:

Names of the Industries or Individuals that would be associated with the incubator

along with their letter of intent.

CV/ Resume of Full-time Managing Team (Board, CEO and other officials)

List of key mentors providing the designation, qualification etc.

Sector focus

Self-Declaration (Please tick the box)

Dedicated Space of at least 5,000 square feet.

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

* Incorporation number would be verified through MCA-21 portal, where applicable.

Annexure – 7

Application for Incubator Monetary Benefit(s)

Sl. No.

Fields

Incubator’s Registration Number*

Type of benefits

Assistance Required

Whether Availed Earlier?

One time capital grant

Yes

Reimbursement grant

Yes

Performance grant

Yes

Amount of assistance

required (in Rs.)

One Time Capital Grant

Reimbursement Grant

Performance Grant

Incubator’s Bank Name

Incubator’s Account Holder Name

Incubator’s Account Number

IFSC Code

Due diligence (Relevant documents to be uploaded)

Proposed Budget Plan for one time capital grant.

Detailed Business Plan for utilization of capital grant.

Incorporation Certificate or Memorandum of Association

Recognition Certificate of the incubator by the Central or State Govt.

Audited Statement of Accounts for the last three years or period of existence.

Annual Reports for the last three years or period of existence.

Names of the Industries or Individuals that would be associated with the incubator along with

their letter of intent.

CV/ Resume of Full-time Management Team (Board, CEO and other officials).

Proof of availability of 5,000 sq. feet built up space along with lease deed in favour of the

incubator.

List of key mentors providing the designation, qualification etc.

List of successful startups along with supporting documents.

Utility Bills and Bills for Mentoring.

Proof of funding raised by Incubator in a University.

Nodal Agency’s Remarks / Recommendation

(Name and designation of officer of Nodal Agency recommending the proposal)

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

* Incubator’s registration number as given by the Startup Secretariat.

Annexure – 8

Nodal Agency Registration Form

Sl. No.

Fields

Nodal Agency’s Name

Nodal Agency’s Website URL

Sector (To be selected from the dropdown box)

Nodal Agency’s Address

Director’s / Promoter’s Name

Director’s / Promoter’s Mobile No.

Director’s / Promoter’s Email Id

Nominated Contact Person’s Name

Nominated Contact Person’s Mobile No.

Nominated Contact Person’s Email Id

Expert Committee Details (Multiple Entries)

Name

Designation

Experience

Focus Area

Nodal Agency’s Bank Name

Nodal Agency’s Account Holder Name

Nodal Agency’s Account Number

IFSC Code

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

Annexure – 9

Angel Network Registration Form

Sr. No.

Fields

Incorporation Number*

Incorporation Date

Name of the Angel Network

Focus Sector of Investment (To be selected from the dropdown box)

Incorporation Structure (To be selected from the dropdown box)

- Society (under The Societies Registration Act, 1860)

- Section 8 Company (under The Companies Act, 2013)

- Private Limited Company (under The Companies Act, 2013)

- Public Company (under The Companies Act, 2013)

- Limited Liability Partnership (under The Limited Liability Partnership Act, 2008)

- Public Charitable Trust

Angel Network’ Address

Director’s / Promoter’s Name

Director’s / Promoter’ Mobile

Director’s / Promoter’s Email Id

Number of Investment Facilitated

Average Investment ticket size

Number of members in the angel network

Documents to be uploaded:

- Incorporation Certificate, if not verified through MCA-21 Portal

- Investment facilitation declaration duly certified by a CA/ Statutory Auditor authorizing in Funding.

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

* Incorporation number would be verified through MCA-21 portal, where applicable.

Annexure-10

Mentor Registration Form

Name

Age:

Gender

Male, Female, Transgender Prefer not to say

Address:

Email:

Phone Number:

Professional Details:

Organisation/Company

Position

Period

Brief Profile (100 words)

Domain/Thematic Area/ Area

of Expertise

10. Total years of experience

11. Mentorship Experience (If

any)

12. Entrepreneurial Experience

(If any)

13. Availability (Numbers of hour

per week)

14. Preferable contact days &

times

15. Upload CV

16. Linked In Profile URL

Recommendation/Comments by Startup Secretariat:

CEO, IED

Annexure-11

Financial support for Participating in National/ International Events

Sl. No.

Fields

Startup’s Recognition Number provided by Startup Odisha*

Entity’s Name

Entity’s Email Id

Entity’s Bank Name

Entity’s Account Holder’s Name

Entity’s Account Number

IFSC Code of the Bank

Details of event for which financial support is required to participate and explain how it can help your startup:

Name of the Event

Type of the event

(Exhibition/Conference/

Other)

Place (City/Country)

Type of

participation(Delegate/Exhibit

)

Mode of Travel:

Train:

Flight:

Amount of money

required as travel

assistance:

Free Stall Space (If set up by State Govt.)

YES NO NA

Documents for Due Diligence to be uploaded:



Details of the event (Event website/brochure etc.)



Copy of invitation in the name of the Startup or Founder(s) to participate



Event Registration confirmation copy



One page explanation on how participating in the event can help the Startup.



Travel cost estimate/ Quotation



Original unedited tickets and boarding passes as applicable to be submitted on completion of travel

along with photographs and brief event report as proof of participation.

Nodal Agency’s Remarks

(Name and designation of officer of Nodal Agency recommending the proposal)

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

Rs.

Annexure – 12

Subsidized Incubation

Sl. No.

Fields

Startup’s Recognition Number provided by Startup Odisha*

Entity’s Name

Entity’s Email Id

Name preferred Incubator (recognised by Startup Odisha Initiative) for subsidized incubation along with space

required (in sq.ft).

Why subsidized Incubation is required ?

Has the Startup availed any of the benefits under Startup Odisha Policy? Yes/No

Monthly Allowance PDMA NBA

What is the annual revenue run rate of the entity?

Number of employees ?

Stage of business

Proof of concept

Early Traction

Scale up

10.

Incubatee Type: NewExisting. If existing,(Mention date of incubation.)

Inputs by Incubator

11.

Allocated Space in Sq ft.

Rent per Sq. ft.

Total Rent per month

Eligible subsidy amount

12. Bank details of the Incubator

a)Incubator’s Bank Name

b)Incubator’s

Account

Holder

Name

c)Incubator’s

Account

Number

d)Bank IFSC Code

Incubator Remarks

(Name and designation of officer of Incubator recommending the proposal)

Recommendation / comments of IED (Startup Secretariat)

CEO, IED

Rs.

Annexure 13

List of Sectors

Sl.

No.

INDUSTRY

SECTORS

Advertising

AdTech

Online Classified

Aeronautics/Aerospace & Defence

Drones

Agriculture

Dairy Farming

Organic Agriculture

Agri-Tech

Food Processing

Cold storage

Machine Learning

NLP

Analytics

Business Intelligence

Big Data

Data Science

Animation

N/A

AR/VR (Augmented + Virtual Reality)

N/A

Architecture/Interior Design

N/A

Art & Photography

Handicraft

Art

Photography/Videography

Automotive

Auto & Truck Manufacturers

Auto, Truck & Motorcycle Parts

Tires & Rubber Products

E-vehicle

Chemicals

Commodity Chemicals

Agricultural Chemicals

Specialty Chemicals

Diversified Chemicals

Telecommunication & Networking

Wireless

Integrated communication services

Network Technology Solutions

Computer Vision

N/A

Construction

New-age Construction Technologies

Construction Materials

Construction & Engineering

Construction Supplies & Fixtures

Homebuilding

Dating / Matrimonial

N/A

Design

Web Design

Sl.

No.

INDUSTRY

SECTORS

Industrial Design

Education

E-learning

Education Technology

Skill development

Coaching

Conventional Energy

Oil & Gas Exploration and Production

Oil & Gas Drilling

Oil Related Services and Equipment

Oil & Gas Transportation Services

Renewable Energy

Renewable Solar Energy

Renewable Wind Energy

Renewable Nuclear Energy

Renewable Energy Solutions

Renewable Biogas Energy

Renewable Biomass Energy

Green Technology

Waste Management

Clean Tech

Enterprise Software

Cloud

ERP

CXM

SCM

Customer Support

Collaboration

Location Based

Enterprise Mobility

Events

Weddings

Event Management

Fashion

Fashion Technology

Fashion Design

Lifestyle

Apparel

Fan Merchandise

Jewelry

Handloom

Finance Technology

Crowd funding

Mobile wallets/ Payments

Point of Sales

Payment platforms

Trading

Billing and Invoicing

Personal Finance

Sl.

No.

INDUSTRY

SECTORS

Insurance

Advisory

Business finance

P2P Lending

Bit coin and Block chain

Microfinance

Foreign exchange

Accounting

Food & Beverages

Restaurants

Food Processing

Microbrewery

Mobile restaurant

Food delivery

Technology Hardware

Embedded

Semiconductor

Electronics

3d printing

Healthcare & Life sciences

Medical Devices/Biomedical

Health & Wellness

Pharmaceutical

Healthcare Services

Healthcare IT

Healthcare Technology

Biotechnology

Human Resources

Recruitment/Jobs

Training

Skills Assessment

Talent Management

Internships

Internet of Things

Smart Home

Manufacturing & Warehouse

Wearables

IT Services

IT Consulting

BPO

KPO

Web Development

Product development

Application Development

Testing

IT Management

Project Management

Sl.

No.

INDUSTRY

SECTORS

Marketing

Loyalty

Branding

Digital Marketing (SEO/Automation)

Discovery

Sales

Market Research

Media & Entertainment

Digital Media News

Digital Media Video

Digital Media Blogging

Digital Media Publishing

Digital Media

Movies

OOH Media

Social Media

Entertainment

Nanotechnology

N/A

Pets & Animals

N/A

Professional & Commercial Services

Environmental Services & Equipment

Commercial Printing Services

Employment Services

Business Support Services

Professional Information Services

Business Support Supplies

Real Estate

Housing

Co-working Spaces

Retail

Retail Technology

Social Commerce

Comparison Shopping

Other Specialty Retailers

Auto Vehicles, Parts & Service Retailers

Home Improvement Products & Services Retailers

Home Furnishings Retailers

Computer & Electronics Retailers

Robotics

Robotics Technology

Robotics Application

Safety

Personal Security

Security Solutions

Cyber Security

Home Security solutions

House-Hold Services

Personal Care

Laundry

Baby Care

Home Care

Sl.

No.

INDUSTRY

SECTORS

Social Impact

NGO

Corporate Social Responsibility

Social Impact Enterprise

Social Network

N/A

Sports

Fantasy Sports

Sports management

Textiles & Apparel

Leather Textiles Goods

Non- Leather Textiles Goods

Apparel & Accessories

Leather Footwear

Non- Leather Footwear

Transportation & Storage

Freight & Logistics Services

Passenger Transportation Services

Transport Infrastructure

Travel & Tourism

Holiday Rentals

Hotel

Experiential Travel

Ticketing

Hospitality

Facility Management

Others

N/A

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Ex. Gaz. 1619-173+50