Startup Culture in Bihar: A New Era of Innovation
Bihar, known for its rich history and educational excellence, is emerging as a notable player in India’s startup ecosystem. This shift is driven by proactive government policies, educational institutions, and the resilient spirit of local entrepreneurs .Startup culture in Bihar is on a surge, proudly contributing to Make in India & Made in India.
Bihar’s Thriving Startup Ecosystem
With over 650+ startups registered and more than 350+ leading the charge, Bihar is making significant strides in fostering innovation and entrepreneurship.
Government Initiatives
The Bihar government has been instrumental in fostering a startup-friendly environment. The Bihar Startup Policy, introduced in 2017, offering financial assistance, incubation support, and mentorship. Key initiatives include the Bihar Startup Fund Trust for seed funding and the Bihar Industrial Investment Promotion Policy, providing interest subsidies and tax exemptions. The Startup Bihar portal serves as a comprehensive resource for aspiring entrepreneurs.
Sectoral Growth
Startups in Bihar are diversifying across various sectors, with foodtech and agritech industries particularly vibrant. This diversification leverages Bihar’s rich agricultural heritage to innovate and scale.
Impact on Rural India
Bihar-based startups are transforming rural India, reaching over 3000+ villages and impacting approximately 3.5 million people directly and indirectly. This demonstrates the inclusive growth driven by the state’s startup culture.
Success Stories
Local entrepreneurs are inspiring a new generation of innovators. Notable startups include:
- Oplus Cowork: A coworking space offering “Space as a Service,” bridging the gap between startups and corporates.
- OCB Cakes: OCB Cakes Pvt. Ltd. is a leading company in online customized cakes & Gifts delivery in Bihar.
- RodBez: RodBez is Bihar’s largest mobility platform, providing the One Way Taxi, Taxi pool. The Rodbez offers mobility solutions by connecting customers to Taxi Driver.
- DeHaat: An ICT-enabled farmers’ marketplace connecting small farmers to seeds, fertilizers, equipment, crop advisory, and market linkage.
- StarX91: StarX91 is a leading Industrial Drone Manufacturing and Aviation R&D Company that specializes in serving the B2B and B2G sectors.
- Gramshree Agri Services Private Limited: A one-stop solution in animal husbandry and fisheries.
These startups highlight Bihar’s diverse ecosystem, focusing on agriculture, healthcare, food and technology.
Challenges and Opportunities
Despite challenges like limited funding and inadequate infrastructure, opportunities for growth are significant. The expansion of co-working spaces and startup incubators in cities like Patna, along with increased government focus on infrastructure, are positive signs.
A new era of Startup culture in Bihar showcases the state’s potential for growth and innovation. With continued support from the government and a focus on key industries, Bihar’s startups are poised to make a significant impact locally and globally, driving innovation and prosperity.
