Startup grants in Odisha include product-development and marketing assistance of up to ₹15 lakh (₹16 lakh for women, SC, ST, SEBC and PH founders) and a monthly allowance of ₹20,000 under the Odisha Startup Policy 2016, which remains active until a new policy is notified. Startup Odisha, run by the MSME Department with its secretariat at O-HUB in Bhubaneswar, also supports a Fund of Funds with a target corpus of ₹100 crore, alongside KIIT TBI and IIT Bhubaneswar's Research and Entrepreneurship Park.
Odisha waives Electricity Duty in full for seven years for eligible new industrial units in its Priority Sectors, with the clock starting the day commercial production begins.
A subsidy under the Odisha MSME Development Policy 2022 that refunds 75% of the net SGST an eligible unit pays in cash for three years, capped at 100% of its plant and machinery investment.
Businesses starting up in Odisha can skip electricity duty for five years, against contract demand up to 750 WA, under the state's MSME Development Policy 2022.
Industrial units in Odisha's Thrust Sectors can claim a full exemption or reimbursement of cross-subsidy surcharge, additional surcharge and state transmission charges on renewable power for 10 years.
A subsidy from the Government of Odisha that repays the full employer share of ESI and EPF for Focus Sector units over seven years.
Industrial units in Odisha can claim a full waiver of Electricity Duty for 20 years by setting up captive renewable energy plants inside the state, under the Industrial Policy Resolution 2022.
A Government of Odisha tax incentive that refunds the full net SGST a new industrial unit pays, subject to an overall ceiling of 200% of its plant and machinery cost. Open to units operating in the state's Thrust and Priority Sectors.
An Odisha handloom subsidy that covers up to 90% of the cost of upgrading looms and accessories, with the weaver funding the remaining 10%.
Non-repayable monthly grant up to ₹22,000 for recognized startups in Odisha, supporting early-stage growth and innovation.
Equity-free grant up to ₹16 lakh from Startup Odisha for product development and marketing, with enhanced support for diverse founders.
STPI's GENESIS Pilot Program offers up to ₹40L grant to deep-tech and ESDM startups in Odisha's Tier-II/III cities for pilot projects with corporates or PSUs.
XCITE Cohort 1 by XLRI and NABARD offers incubation, mentorship, and seed grants up to ₹5L for early-stage rural, women-led, and tribal-led enterprises in Eastern/North-Eastern India.
What founders ask about odisha funding.