Bhubaneswar, Dec 9: In a significant move to foster innovation and entrepreneurship, Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, has announced a financial commitment of Rs 4.65 crore to support 30 startups in Odisha.
This initiative, part of MCL’s Corporate Social Responsibility (CSR) program, aims to strengthen the state’s growing startup ecosystem and encourage local entrepreneurship.
The investment will be distributed among emerging startups spanning multiple sectors, including technology, renewable energy, and sustainable development.
Through this funding, MCL intends to help these startups scale their operations, enhance their products and services, and generate new employment opportunities for the local community.
The startup landscape in Odisha has been witnessing steady growth, with increasing support from both private and public sectors. MCL’s initiative is expected to accelerate this momentum, helping to cultivate a culture of innovation and enterprise among the region’s young professionals and aspiring entrepreneurs.
Startups selected for the funding will be evaluated on their potential for innovation, scalability, and socio-economic impact.
This investment aligns with broader national efforts to promote startups and small businesses, providing them with the necessary resources to compete in dynamic markets and contribute to economic development.
