A startup needs a lot of help in the initial days. When we speak to a our customers, they ask how come you are able to start up in a place like Odisha??
Our customer support calls or chats would be like this a lot often:
- Where’s SlickAccount located?
: In India.
– Oh Bangalore!
: Nope Bhubaneswar, it’s in the state of Odisha in the eastern part of India, (map attched)
Recently we got selected to Ycombinator Startup School program (I’ll share about it in the another post). And my groupmates there, were surpised of the same.
So here’s a post to thank the organization that helped us all along: KIIT TBI
Startup Recognition Certificate
In Jan 2017 we got Startup Recognition Certificate from DIPP under Startup India Scheme It’s a wonderful scheme to help good startups gain better facilities and govt help at each step. We were among the first batch of companies in India who got it.
Since our inception here this team has been keen on helping us a lot, from making our initial connection to colleges and industries to be able to hire good people to obtaining the extremely needed Seed Fund Supports from the govt. They worked tirelessly to help us get those funding.
We availed our most needed seed funding support from KiiT-TBI.
Odisha is a investment dry state when you look at Software Product companies. So govt. funds had been the only breeze. Both Central and State govts gradually have come up with schemes that help you along the line. These funds may not always be big, but big enough to help you focus on building products and grow.
KiiT-TBI is the enabler. Often getting these schemes are pretty hard and takes a lot of to and fro communication and govt regulations. Although there and TBIs in various places, the team here is working really hard, all the people I mentioned here deserve a special applause, because they took half of the burden out even after the selection how those funds will come on time etc. They ensured a lot of those headache. So we could focus on working hard on our business. Well, there is no substitute to hard work I am meeting a lot of founders from other TBIs across India and had never seen them supporting so tirelessly.
The facilities here are best in Bhubaneswar so far. We got full furnished office space, air conditioning (Bhubaneswar can be really hot in summers), power backups (you know again Indian summer power cuts ), high speed internet (if you are forgetting, before just even few months beyond 2MBps was a dream in Odisha ) This enabled us to provide uninterrupted service to our clients all over the world. You know how that how critical is support for SaaS services. And our first response time is so far had been max 8 minutes even with a small team.
A good amount of the initial spendings of startups goes to cloud infrastructure. Raghab and Devesh were instrumental in bringing in AWS cloud credits and Payment Gateway deals of Instamojo etc. It is reducing a lot of our costs. Also they helped us connect to good lawyers, CAs etc.
Among some amazing companies
Startups don’t operate in isolation. They derive their passion and share highs and lows with fellow startups to gain energy and support. The startups housed here are amazing, work really hard. Plus KiiT-TBI has been always supportive in conducting events and various tech groups organize their hackathons and events here. It bring huge desired ecosystem boost and help us connect to people.
In this same building you will find apart from all software or IT based startups, Biotech startups doing highend research, Electronics startups doing lowcost high efficient illuminating solutions and Mechanical startups doing solar and e-vehicles for disabled and social startups and research scholars working on social issues etc. You’ll eventually see some of the best health solutions coming out of this same building. I can only imagine how Mr. Suar would have thought of a BioTech Incubator in the state often talked about for its poor infrastructure or facilities.
You will be surprised to find KiiT has hosted most number of Nobel Laureates than any other institutions in India.
KiiT-TBI is continuously evolving. When we came it was really good incubator for BioTech and Other fields but not for IT startups, but eventually they are becoming better at it at a very rapid space.
So here you know how we are being able to operate from Odisha. It’s still hard to create a good company outside of buzzing startup hub. I’ll write more about the ecosystem here in my later posts the changes that we are seeing. And wait for my post on Ycombinator Startup School experience All of you have asked me what’s going on behind that signup screen, in those group