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100 Cube Startup initiative of IIT Bhubaneswar launched – Times of India



BHUBANESWAR: “Today we put the foundation of a new Konark Temple that is IIT Bhubaneswar Research and Entrepreneurship Park’s new initiative,” mentioned Union schooling minister Dharmendra Pradhan drawing parallels to the historic Konark Temple whereas launching ‘100 Cube Start-up initiative’ at IIT Bhubaneswar right here on Sunday.
“Hundreds of years ago, Konark Sun Temple was a reflection of our society’s collective ‘object of human pursuit’ (purushartha).I completely believe that our higher educational institutions will find out the solution to the world’s problems. The 100 CUBE is a small part of it,” he mentioned whereas emphasizing Odisha’s wealthy historical past of innovation evident within the state’s architectural marvels and temples.
He mentioned innovation is within the DNA of Odia society. “When Odisha celebrates 100 years of its formation as a separate province on linguistic basis in 2036, as many as 100 entrepreneurs from the land of Odisha will be leading the innovative startups of Rs 100 crores of valuation each,” he added.
He counseled the rising begin-up ecosystem in India, significantly in Odisha the place 40 per cent of begin-ups are led by ladies, urging collaboration and assist from all stakeholders to nurture and broaden this ecosystem. He appealed to all Odias to increase their cooperation and play an enormous brother’s function to handholding the startup ecosystem of Odisha.
Taking the title of the representatives of huge company homes and govt firms, he mentioned, “We have to handhold our youngsters. I see the bright future, new ideas, innovation and dynamism among them.”
Pradhan mentioned the world is turning into a small village on account of expertise. Entire world is wanting in direction of India as a result of it has a demographic dividend. “Market of these startups will not only cater to India, but also to the world. There is no problem with marketing. The only challenge is mentoring. That’s why I request everybody to give their best to make these startups grow,” he added.
He steered academics mentor the startups and develop into a component of it. “You can also become millionaires. Because faculty members can become equity holders in a company. If both Guru and Shishya become partners, it can happen,” he mentioned to academics.
He mentioned there’s a 32 p.c enhance in enrolment of lady college students within the final one decade. This is the achievement of the final 10 years. “Now STEM education is a priority in the entire world now. As many as 43 percent of female students are there in STEM education in our country. This is the highest number of participation of girls in the entire world. This is our country, and this is women-led development,” he added.
IIT Bhubaneswar signed MoUs with 16 firms to construct strategic collaborations for reaching the 100 Cube goal. Ranjit Rath, CMD, Oil India Limited, handed over grant cheques price Rs 3.5 crore to 4 begin-ups incubated by IIT Bhubaneswar.
During the occasion, the minister additionally formally inaugurated the 1500-seater auditorium internet hosting the occasion and laid the e-basis for infrastructure initiatives price Rs 450 crore.
Prior to the launching ceremony, parallel technical workshops for school and begin-ups have been carried out by school heads of analysis parks of IITs, industrialists and enterprise capitalists. An exhibition of round 50 startups was carried out within the campus. They showcased their merchandise there.





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