This project has been approved and recognised as “Livelihood Business Incubator” by ASPIRE (A Scheme for Promotion of Innovation, Rural industry and Entrepreneurship), Government of India. Additionally this is the only project for Urban Slum Development – that finds place in the official website of Govt. of India, Ministry of Corporate Affairs to receive Corporate Social Responsibility funds.
The land upon which the UMBC is positioned belongs to the General Administration Dept. (Govt. of Odisha). It was handed to the Bhubaneswar Municipal Corporation (BMC) under permissive possession, who in turn handed it to Centurion University for the sole purpose of UMBC. The aforementioned Section 25 Company is a special purpose vehicle for the public-private partnership between Centurion University, the Housing & Urban Development Department (Government of Odisha) and Bhubaneswar Municipal Corporation (BMC).