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Millets in Odisha hold a storied legacy of safeguarding food security and bolstering climate resilience for tribal communities. To further empower this sector, there is an increasing need for Startups and innovation to promote millet cultivation, encourage their consumption, and create economic opportunities within this sustainable agricultural domain.

At the mega event to promote startup ecosystems in J&K, the Lt Governor highlighted the examples of successful startup ventures from across the world. He also addressed some common myths regarding the new startups. The startups and unicorns have seen an increase since 2014.

In contrast to the past, an increasing number of startups from the state are finding a foothold in the global market. Recent developments have seen several startups securing lucrative deals with overseas companies, shedding light on the thriving entrepreneurial ecosystem within the state.

In 2023, startups have faced considerable challenges, having raised a mere $6 billion up to this point. Startup funding has dropped to levels last seen in 20162017, according to data from Venture Intelligence.

Though the country s financial capital is home to several hundreds of startups, it is still India s third strongest startup ecosystem. Now, efforts are underway to elevate the city to the number one position About two decades ago.

The interactive meet brought all the stakeholders viz Startups/MSMEs, Investors, Incubators, Industry from both sides under one roof to discuss the collaborative agendas and opportunities thereon.

Established companies often have the advantage of brand recognition, stability, and resources, making it challenging for startups to compete. However, startups possess their unique strengths and opportunities when it comes to building an appealing employer brand.

Within Deep Tech, AIled startups in BFSI and Enterprise Tech raised more than 60 per cent of the funding. This shows the importance of AI and its relevance in acquiring funding. Do you think that startups are adding AI to their company name to keep up with the times and not staying true to their mission.

Technology startups can unlock significant growth opportunities by engaging in Open Innovation programs and collaborations. As per a survey done with over 130 startups, investors and corporates, more than 80% of corporations have experienced improvements in their revenue, efficiency.

Apart from backing startups, the government backed VC fund is also a limited partner in a fund launched by VC firm Omnivore Capital s, which is focused on providing early stage capital to companies operating in agricultural, financial services, foods and beverages spaces, among others.