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How To Register On Start Up Odisha

The initiative has been framed with the vision of:

  • Making Odisha rank in the top three “Startup Hubs” in India by the year 2020 through strategic partnership, conducive ecosystem, investment and policy intervention.
  • Unleashing the potential of women entrepreneurship in Odisha by promoting at least 33% of the Startups with Founders/Co-Founders as women.

Its mission is to:

  • Build a holistic Startup ecosystem in Odisha to facilitate its emergence as one of India’s top three Startup destinations.
  • Implement a supportive regulatory framework and robust governance structure to facilitate a hassle-free and time-bound statutory clearances and monitoring.

To register a startup in Odisha, India, you need to follow a few steps. Here is a general guide to help you with the process:

  1. Decide on the Business Structure: Determine the type of business structure you want to establish. Common options include sole proprietorship, partnership, limited liability partnership (LLP), or private limited company. Choose the one that suits your startup's requirements and consult with a legal professional if necessary.
  2. Choose a Unique Name: Select a unique and suitable name for your startup. Make sure the name is not already registered by another company or trademarked by someone else.
  3. Obtain Digital Signature Certificate (DSC): Apply for a Digital Signature Certificate, which will be required for online filing of documents. You can obtain a DSC from a government-approved certifying agency.
  4. Obtain Director Identification Number (DIN): If you plan to register a private limited company or LLP, you and any other proposed directors/partners will need to obtain a Director Identification Number (DIN). You can apply for DIN through the Ministry of Corporate Affairs (MCA) portal.
  5. Register on the MCA Portal: Create an account on the MCA portal (https://www.mca.gov.in/) to proceed with the registration process. Complete the registration process and obtain a Corporate Identification Number (CIN).
  6. Register for Goods and Services Tax (GST): If your startup's turnover is expected to exceed the prescribed threshold, you will need to register for GST. Visit the GST portal (https://www.gst.gov.in/) to register and obtain a unique Goods and Services Tax Identification Number (GSTIN).
  7. Register with the Odisha Startup Portal: Odisha has a dedicated startup portal where you can register your startup and avail various benefits and support. Visit the Odisha Startup Portal (https://startup.odisha.gov.in/) and follow the registration process. Provide the necessary information about your startup and complete the registration.
  8. Obtain Required Licenses and Permits: Depending on the nature of your startup, you may need to obtain additional licenses and permits from relevant authorities. Research and identify the specific licenses applicable to your business, such as trade licenses, environmental clearances, or specific industry-related permits.
  9. Open Bank Account: Open a business bank account in the name of your startup. Prepare the required documents, such as the certificate of incorporation, Memorandum of Association (MoA), and Articles of Association (AoA), to facilitate the account opening process.
  10. Comply with Ongoing Regulations: Once your startup is registered, ensure ongoing compliance with applicable laws and regulations. Fulfill annual filing requirements, maintain proper books of accounts, and adhere to other compliance obligations imposed by various regulatory bodies.

 

More about start Up Odisha Scheme:

  1. Odisha Startup Policy: The Odisha government has introduced the Odisha Startup Policy to promote and nurture the startup ecosystem in the state. The policy provides various incentives, support programs, and infrastructure facilities for startups. You can refer to the official website of the Odisha Startup Policy for detailed information on the benefits and eligibility criteria.
  2. Single Window Clearance: The Odisha government has established a Single Window Clearance mechanism to facilitate the ease of doing business for startups. This mechanism aims to simplify the registration and approval processes by providing a single point of contact for various regulatory clearances and permissions required by startups.
  3. Incubation Centers: Odisha has several incubation centers and co-working spaces that offer infrastructure, mentorship, networking opportunities, and support services for startups. Some prominent incubation centers in Odisha include the Bhubaneswar Technology Incubation Center (BTIC), KIIT Technology Business Incubator (KIIT-TBI), and Xavier Center for Entrepreneurship (XCEED). These centers can assist you in various stages of your startup journey.
  4. Funding and Financial Support: Odisha provides financial assistance and incentives to startups through various schemes and programs. The Odisha Startup Fund (OSF) has been established to provide early-stage funding to startups. Additionally, startups can explore other central government schemes like the Startup India Seed Fund Scheme for financial support.
  5. Collaboration with Industry and Academia: Odisha encourages collaboration between startups, industries, and academic institutions. The government has initiated partnerships with leading industry players and universities to foster innovation, research, and knowledge exchange. These collaborations can provide startups with access to resources, mentorship, and market opportunities.
  6. Startup Events and Competitions: Odisha hosts startup events, conferences, and competitions to showcase the entrepreneurial talent in the state. These events serve as platforms for startups to network, gain visibility, and pitch their ideas to potential investors and industry experts. Keep an eye on the official Odisha Startup Portal and other relevant platforms for information about upcoming events.
  7. Skill Development Programs: The Odisha government focuses on skill development initiatives to equip aspiring entrepreneurs with the necessary knowledge and expertise. Various training programs, workshops, and boot camps are organized to enhance entrepreneurial skills, business management, and technology adoption among startups.

 

Remember, the startup ecosystem is dynamic, and there may be new initiatives, policies, and programs introduced by the government from time to time. It is advisable to regularly check the official websites, portals, and publications related to startups in Odisha for the most up-to-date information and opportunities.

 

Here are some additional details resources related to startup registration in Odisha:

 

  1. Startup Odisha Initiative: The Startup Odisha Initiative aims to create a conducive environment for startups in the state. It focuses on building infrastructure, providing funding, facilitating networking opportunities, and offering policy support. The official Startup Odisha website (https://www.startupodisha.gov.in/) provides comprehensive information about the various initiatives, policies, and support available for startups in Odisha.
  2. Incubation and Acceleration Programs: Odisha has several incubators and accelerators that offer comprehensive support to startups. These programs provide mentoring, access to networks, business development assistance, and infrastructure facilities. Some prominent incubators and accelerators in Odisha include KIIT TBI, IIT Bhubaneswar TBI, Startup Odisha Incubation Centre, and Odisha MSME Technology Development Centre (OMTEC).
  3. Funding Opportunities: Apart from the Odisha Startup Fund (OSF), startups in Odisha can explore other funding options. The Government of India's Startup India initiative provides various funding schemes and resources for startups, such as the Fund of Funds for Startups (FFS) and Credit Guarantee Fund Scheme for Startups (CGFS). Additionally, venture capital firms, angel investors, and crowdfunding platforms can be potential sources of funding for startups.
  4. Startup Support Organizations: Several organizations in Odisha provide support and resources to startups. Some notable organizations include the Entrepreneurship Development Institute of India (EDII), Confederation of Indian Industry (CII) Odisha, TiE Bhubaneswar, and the Odisha Computer Application Centre (OCAC). These organizations conduct training programs, workshops, mentoring sessions, and networking events for startups.
  5. Intellectual Property Rights (IPR): Protecting your startup's intellectual property is crucial. Odisha has dedicated offices of the Patent Information Centre (PIC) and the Copyright Office where you can seek guidance on filing patents, copyrights, and trademarks. It is advisable to consult with an intellectual property attorney for professional advice on protecting your startup's intellectual property rights.
  6. Research and Development (R&D) Support: Odisha encourages research and development activities in startups. Institutions like the Council of Scientific and Industrial Research (CSIR), Industrial Research and Development (IRD) Centre, and National Institute of Science and Technology Entrepreneurship Development (NISTED) provide R&D support, technology transfer, and innovation promotion for startups. 
  7. Startup Events and Competitions: Participating in startup events and competitions can provide valuable exposure and networking opportunities. Odisha hosts events like the Odisha Startup Summit, Startup India Yatra, and Smart Odisha Hackathon, among others. These events bring together startups, investors, mentors, and industry experts, fostering collaboration and knowledge-sharing.

 

It's recommended to regularly visit the official websites of the relevant organizations, government departments, and startup support portals for the latest updates, opportunities, and resources available for startups in Odisha. Additionally, connecting with the local startup community and networking with other entrepreneurs can provide valuable insights and support for your startup journey. 

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