Youth Innovation Fund

ODISHA YOUTH INNOVATION FUND

GOVERNMENT OF ODISHA

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Screen Reader Access

Toll Free Helpline - 1800 345 7100 ( Timing 10.00 AM to 6.00 PM on working days)

IMPLEMENTING AGENCY: Directorate of Industries

CORPUS SIZE

2 Cr (INR) primarily funded by the Government of Odisha and supported by partners from the industry. The fund covers the cost of management of funds, publicity and documentation of the program.

Nature of Fund Support

50,000 (INR) for any new idea.
1,00,000 (INR) for any demonstrative product, prototypes, patents, incubated products or services.
3,00,000 (INR) for development of any enterprise / start-up based on eligible innovative idea/ products/services.

Any of the above support will be granted as prize money as a part of State Level Felicitation.

Eligibility Criteria

Residence: Any youth permanently residing in Odisha.
Age limit:13 -35 years of age as on the date of application.
Applicant: Any individual or any legal entity i.e. proprietorship / partnership / Private or Public Limited Company / Institutions / Co-operative Societies / Trusts / NG0s/ Entrepreneurship Clubs promoted by youth satisfying the age limit criteria.

50,000 (INR) for any new idea.

1,00,000 (INR) for any demonstrative product, prototypes, patents, incubated products or services.

3,00,000 (INR) for development of any enterprise / start-up based on eligible innovative idea/ products/services.

Residence: Any youth permanently residing in Odisha.

Age limit:13 -35 years of age as on the date of application.

Applicant: Any individual or any legal entity i.e. proprietorship / partnership / Private or Public Limited Company / Institutions / Co-operative Societies / Trusts / NG0s/ Entrepreneurship Clubs promoted by youth satisfying the age limit criteria.

Shri Naveen Patnaik