Startup Odisha, an initiative of the MSME department of the Government of Odisha, is gearing up for FundStack 3.0 – a two-day annual startup investment summit. This event is poised to play a pivotal role in fostering meaningful connections between startups and seasoned investors, providing not only crucial funding, but also invaluable mentorship and support. The main objective of the summit is to forge strong partnerships between startups and investors, thereby opening up a wealth of opportunities for key players in the dynamic startup ecosystem.
Some of the leading venture capitalists and angel investors will participate in the 2-day pitch 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
FundStack 3.0 was launched during a virtual event on October 20, 2023 and the launch was accompanied by the unveiling of a dedicated website for startups to launch their applications for the program. Among the numerous applications, 50 startups had the opportunity to present their project to investors on November 21.stthe top 20 securing places for exclusive one-on-one meetings on November 22sd marked by speed dating and networking sessions.
On the inaugural day of FundStack 3.0, the Odisha startup will formalize strategic partnerships by signing Memoranda of Understanding (MoUs) with leading investment firms, Equanimity Ventures and Sanchi Connect. The event will begin with an informative panel discussion ‘Investor Roundtable’, delving into the intricacies of the burgeoning startup ecosystem and exploring the vast investment potential inherent in the state of Odisha.
After these in-depth discussions, the agenda will smoothly transition to a dynamic Panel Pitching session, where promising startups will have the opportunity to present their innovative ideas and business models to a distinguished panel of experts. The highlight of the first day of the event will be the announcement of the Top 20 Startups, showcasing the most promising companies poised to make a significant impact on the entrepreneurial landscape.
The second day will begin with a discussion on the central topic of “The Growth of Startup Ecosystem in Tier II and Tier III Cities of India”. Following this, another interesting panel discussion is planned, focused on “Enabling Investments for Technology-Driven Startups”.
The highlight of the second day of FundStack 3.0 will be an exclusive keynote address by Shri Pratap Keshari Deb, the Hon’ble Minister of Industries, MSMEs and Energy, Government of Odisha and an exclusive AMA session (Ask Me Anything) with Shradha Sharma, founder. , YourStory and Dr Omkar Rai, Executive Chairman, Startup Odisha.
The day will take place with pitch sessions, during which the top 20 startups will have the chance to pitch in front of the panel of investors during the “Speed Dating session”.
Dr Omkar Rai, Executive Chairman, Startup Odisha, said, “The remarkable success stories of the previous edition, featuring startups such as Transport Simple, Homvery, Carbon Out, LarkAI and others successfully securing their first round of funding, have encouraged us to elevate this edition of FundStack , making it even more substantial and impactful. by involving a larger number of investors. Our overarching goal is to continue to foster an environment where innovation thrives, connecting startups to the resources they need for sustainable growth and success.
FundStack 3.0 is designed with the aim of providing local startups with essential exposure to the funding ecosystem, thereby facilitating an in-depth understanding of the dynamics of contemporary entrepreneurship. This initiative aligns perfectly with Hon’ble Chief Minister Shri Naveen Patnaik’s vision to become India’s premier startup hub, aspiring to nurture 5,000 startups by 2025.