Ministry of Commerce & Industry launches the Startup India Hub

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New Delhi: The Minister of State for Commerce & Industry, Smt. Nirmala Sitharaman has launched the Startup India Virtual Hub, an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other.

Speaking about the need to bring the entire ecosystem together on one platform, the Minister said that Startup India Virtual Hub is an effort to create a marketplace where all the stakeholders can interact, exchange knowledge, and enable each other to grow. It will streamline the lifecycle of existing and potential startups, helping them access the right resources at the right time. The Minister also announced a new initiative, wherein a startup exchange programme amongst the SAARC nations would be organised.

The portal will host start-ups, investors, funds, mentors, academia, incubators, accelerators, corporates, Government bodies and more. The Hub attempts to solve the problem of information asymmetry and lack of access to knowledge, tools, &experts, especially in the nascent ecosystems across Tier II and III towns.

The Virtual Hub is a dynamic & interactive platform that will facilitate learning & development, networking, mentorship, funding, etc. for startups. The basic principle behind developing this platform is to aggregate different offerings of the ecosystem and enable discovery by the right audience. Startup India Hub has partnered with various organisations to onboard entrepreneurs & investors, as well as build knowledge modules. To ensure accessibility across various platforms, dedicated Apps are also available on both Android and iOS.

The Hub will act as a nodal platform and will enable users to connect with ecosystem stakeholders, access free learning resources, tools & templates on legal, HR, accounting & regulatory issues and discussion forums. The Hub has also aggregated over 50 relevant Government schemes/programmes. In the next phase, the platform will also aggregate schemes available across various state governments. To provide a better user experience, the platform has been enabled to build smart intelligence along with Chatbots to automatically collate, update information and respond to queries.

Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP), and Rajiv Aggarwal, Joint Secretary, were among those present on the occasion.

Kerala IT News

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