ADVERTISEMENT

Religious startup hub linking entrepreneurs with VCs to launch in India soon
R

The government, over the last few years, has focussed on developing India as a big hub for startups, promoting Pm Modi's initiative-'Make in India'.

The latest reports hint launch of a dedicated startup hub in India shortly. Put together by the Ministry of Electronics & IT, the hub will serve as a platform to interlink entrepreneurs, incubators, mentors, investors, accelerators, and VCs, and spark conversations among the stakeholders in the startup ecosystem.

According to reports by ET, the platform plans to launch later this week by the Union Minister for Electronics and IT, Ravi Shankar Prasad, where around 1,000 startups and 130 incubation centers have gone live.

A government official said that despite having an abundance of incubation centers or startups scattered across the country, there had been a lack of a link connecting them all. 

 

Making India a startup nation

With over 7,200 startups, India ranks as the third-largest startup ecosystem. The government, over the last few years, has focussed on developing India as a big hub for startups, promoting PM Modi’s initiative-‘Make in India’. The efforts include making the process of setting up a firm easier, solving the angel tax issue and thus, establishing an excellent ecosystem for startups to flourish. 

The platform would furthermore be instrumental in bringing visibility to the startups and display their various innovations and enterprises through a devoted webpage. The platform would also assist the startups in connecting them with the primary stakeholders in the ecosystem and seek guidance from prominent leaders and mentors from the industries. They would also benefit from various government schemes and connect with the host of VCs (venture capital) and angel investors. 

The official added,

“Investors can also look at the platform to get access to startups that are doing path-breaking work in an upcoming area and look at funding them, but this part will come later.”

+ posts

A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Saumya Uniyal
Saumya Uniyal
A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

content writing

AI Will Disrupt the Content Marketing Space in 2022 & Beyond

0
Artificial intelligence has taken over almost every aspect of communication, from Google Assistant answering our vocalized questions to Alexa recommending products based on our...
fintech

Evolution of Fintech, Traditional Banking, and Their Collective Impact

0
Today, Fintech has become a household name, yet still a brand new term for several others. Fintechs are largely technology and financial expertise businesses that...
Indian rupee

Indian Rupee is Declining; Here is Everything You Need to Know!

0
Indian rupee ended 2021 at almost 20 months low and as the worst-performing currency in Asia (1). Yes, it is good for exporters as...
purple cow theory

Purple Cow Theory: Businesses Find Success When Remarkable

0
Imagine you are an investor or even one of the sharks in the new Shark Tank India show. You are listening to several pitches;...
trends 2022

Latest Business Trends, Opportunities, and Lessons

0
The shift in Consumer Behaviour in 2022 Consumer behavior and expectations have shifted dramatically in the last 18 months. According to the latest report by...

Prop Tech Will Drive the Future of Real Estate in 2022

0
The year 2020 was pivotal with the coronavirus pandemic accelerating technology adoption in the real estate industry. The phenomenon is similar to how the...
startup trends

ESG Goals, Social Innovation, and Startup Trends That are Here to Stay!

0
2022 has brought a renewed focus on environmental, social, and governance impacts of businesses worldwide, as we have discussed in our previous article, The Disastrous...
climate change

The Disastrous Effects of Climate Change on Your Business

0
The world is at a watershed moment when it comes to climate change. The 2021 report from Deloitte Global on Climate Check indicates that...
ADVERTISEMENT