BHUBANESWAR: Two start-ups from Odisha have received
financial grants
from the Union
ministry of mines
. The two firms-
LN Indtech Services
from Bhubaneswar and
Cellark Powertech
from Cuttack- were among the five start-ups from across the country to win the grants.
They got these financial grants under the Science and Technology- Promoting Innovations in Minerals (S&T-PRISM) initiative of the ministry to fund research and innovation in start-ups and micro, small and medium enterprises (MSMEs) working in the field of mining and mineral sector.
Union mines minister Pralhad Joshi handed over letters of financial grants of Rs 6 crore to the five start-ups at a function held in New Delhi on Thursday. A total of 56 start-ups/MSMEs had participated in the round.
Besides financial grants, these selected start-ups /MSMEs will be provided mentorship or incubation support and technical advisory support during entire project period by a facilitation and mentorship team under the initiative’s implementing agency-
Jawaharlal Nehru
Aluminium Research Development and Design Center, Nagpur, said the official statement of the ministry.
While two start-ups belong to Odisha, other three are from Pune in Maharashtra, Meerut in Uttar Pradesh and Shillong in Meghalaya.
Odisha’s LN Indtech Services operating from Bhubaneswar has been granted Rs 40 lakh for efficient and sustainable production of alumina hydrates by electrolysis of sodium carbonate and produce hydrogen.
Subash Chandra Mallick, director of the firm, said they are creating an indigenous technology to produce highly valuable products from industrial waste and low-grade minerals. “We have developed a prototype of the technology. This grant will help us to take this innovation to the next level,” he added.
Another start-up Cellark Powertech from Cuttack was granted Rs 1.7 crore for setting up pilot scale production (25kg/day) of high purity battery grade silicon material for lithium-ion battery anode.
Ashwani Pandey, co-founder of Cellark Powertech, said they were producing very few amounts of materials in the laboratory. “We wanted a helping hand to make a substantial amount for making lithium-ion batteries. This grant will help us to produce battery grade silicon material so that we can go to the next level. Our technology will reduce the mass of the battery and increase the range of the vehicles with a single charge,” he added.
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