Definition of Innovation:
Any Products/ Services/Prototypes/ Technologies which are new or having
significant technical advantage or provicies enhancement in measurable economic value
through
- Introduction of new or improved product or services
- Establishment of new or improved processes
- Introduction of a new marketing network or supply chain
- Introduction of new or improved packaging
- Establishment of new or improved organisational or managerial processes Environmentally
sustainable technology
*Measure Economic Value could refer to value
addition in products and
services, increase in
market share, reduction of cost, or creation of additional employment opportunities
Any new idea which can be commercialized and
scaled leading
to development of a sustainable enterprise serving public good.
Testimonial:
I am thankful to Govt. of Odisha for its commitment in making our state as the next startup destination of the country. The introduction of "Odisha Youth Innovation Fund" scheme is not only an encouragement for the youth to take up entrepreneurship as an alternative to seeking of jobs but can also be beneficial in solving an even bigger crisis of brain drain from our state.
Shantiswarup Mahapatra
- Serial Entrepreneur
Transforming IDEAS into REALTIES, it has happened due to Odisha Youth Innovation Fund of Govt. of Odisha. I am privileged to have a Government like ODISHA and its aggressive campaigning to discover the talent like me, a home maker from Bolangir who got a chance to perform my talent.
Anindita Panda
- Home Maker