IIT Bhubaneswar's Research and Entrepreneurship Park Set To Launch 100-Cube Start-Up Initiative

IIT Bhubaneswar's Research and Entrepreneurship Park will launch the 100-CUBE Start-Up initiative on February 11, 2024, aiming to establish 100 startups valued at Rs. 100 crores each by Odisha's centennial in 2036. Check complete details here 

The Research and Entrepreneurship Park at Indian Institute of Technology (IIT) Bhubaneswar is gearing up to launch 100-CUBE Start-Up initiative on February 11, 2024. This ambitious initiative is designed to foster the creation of 100 startups, each targeting a valuation of Rs. 100 crores, in celebration of Odisha's 100th Anniversary by the year 2036.

The 100-Cube Start-up Initiative marks a significant landmark towards establishing Odisha as a hub of entrepreneurship and nurturing the start-up culture in the country. The park will provide essential resources, mentorship, seed capital and access to potential investors. The park is set to expand from its present 20,000 square feet area to about 80,000 square feet over the next two years with the generous support of Rs. 130 crore from the Ministry of Education. 

This initiative aligns with the mandate of the National Education Policy (NEP) 2020, focusing on fostering entrepreneurship and supporting startup incubation. Institute director Shreepad Karmalkar said that the park would provide essential resources, mentorship, seed capital, and access to potential investors to achieve this goal. 

IIT Bhubaneswar 100-CUBE Startup Initiative 

The 100-CUBE Startup initiative aims to enhance this rank by nurturing startups across gender, sector, and geography using a mind-to-market strategy, he added. The event will also feature parallel technical workshops for faculty and startups, conducted by faculty heads of research parks of IITs, industrialists, and venture capitalists. This will be followed by the signing of MoUs with nearly 20 industries, 30 startups, and 30 venture capitalists to build strategic collaborations for achieving the 100-CUBE objective.

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