The Business Bytes
TBB BUREAU
BHUBANESWAR, NOV 20, 2023
Startup Odisha, an initiative of the MSME Department of the Odisha Government, is gearing up for Fund Stack 3.0 – a two-day Annual Startup Investment Summit, which is poised to play a pivotal role in fostering meaningful connections between startups and seasoned investors, providing crucial funding, invaluable mentorship and support.
The summit’s primary goal is to forge strong partnerships between startups and investors, unlocking a multitude of opportunities for key players in the dynamic Startup ecosystem.
Some of the leading venture capitalists and angel investors will be a part of the 2-day pitching session like Equanimity Ventures, Sanchi Connect, Menterra Social Impact, Unicorn India Ventures, Mumbai Angels, Orios Ventures, Pentathlon Ventures, IvyCap Ventures, Auxano Ventures, Agility Ventures, Fluid Ventures, Startup Xseed, Roots Ventures, Clover Ventures, Induckt Global, Artha99, Inflection Point Ventures, Indian Angel Network, Realtime Angel Fund, Bhubaneswar Angels, Seafund and TiE Bhubaneswar.
FundStack 3.0 was launched through a virtual event on October 20, 2023 and the launch was accompanied by the unveiling of a dedicated website for startups to initiate their program applications. Out of numerous entries, 50 startups have earned the opportunity to pitch to investors on November 21, with the top 20 securing slots for exclusive one-on-one meetings on November 22 marked by speed dating and networking sessions.
FundStack 3.0 is designed with the objective of providing local startups the essential exposure to the funding ecosystem, facilitating a profound understanding of the dynamics of contemporary entrepreneurship. This initiative aligns seamlessly with Chief Minister Naveen Patnaik’s vision to emerge as the premier Startup Hub in India, aspiring to nurture 5000 startups by the year 2025.
On the inaugural day of FundStack 3.0, Startup Odisha will formalize strategic partnerships by signing Memorandums of Understanding (MoUs) with prominent investment firms, Equanimity Ventures and Sanchi Connect. The event will kick off with an enlightening roundtable discussion ‘Roundtable with Investors’, delving into the intricacies of the burgeoning startup ecosystem and exploring the vast investment potential inherent in the state of Odisha.
Promising startups will have the opportunity to present their innovative ideas and business models to a distinguished panel of experts.
Day 2 will begin with a discussion addressing the pivotal topic of “The Growth of the Startup Ecosystem in Tier II & III Cities of India.”
The highlight of Day 2 of FundStack 3.0 will be an exclusive inaugural address by State MSME Minister Pratap Keshari Deb and an AMA (Ask Me Anything) exclusive session with Shradha Sharma, Founder, Your Story and Dr. Omkar Rai, Executive Chairman, Startup Odisha.
“Our overarching goal is to continue fostering an environment where innovation thrives, connecting startups with the resources they need for sustainable growth and success,” said Omkar Rai, Executive Chairman, Startup Odisha.
