Commerce and Industry Minister Nirmala Sitharaman launches the Startup India Virtual Hub
A dynamic and interactive platform, the Startup India Hub aims to facilitate learning, development, networking, mentorship, and funding, for startups across India.Brand stories Updated: Aug 14, 2017 15:30 IST
Hon’ble Commerce and Industry Minister, Smt. Nirmala Sitharaman, launched the Startup India Virtual Hub, on June 20, 2017, at New Delhi. The hub is an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other. It will host startups, 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, and experts, especially in the nascent ecosystems across Tier II and III towns.
The virtual hub is a dynamic and interactive platform that will facilitate learning and development, networking, mentorship, and funding 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 organizations to get entrepreneurs and investors on board, as well as build knowledge modules. To ensure accessibility across various platforms, dedicated apps are also available on both Android and iOS.
Speaking about the need to bring the entire ecosystem together on one platform, Smt. Nirmala Sitharaman mentioned 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. She encouraged all entrepreneurs in India to utilize this portal and all enabling stakeholders to contribute to the platform as much as possible. The Minister also announced a new initiative, wherein a startup exchange program amongst the SAARC nations would be organized.
India is the third largest startup ecosystem around the globe, with 3-4 startups commencing every day. The Hub will act as a nodal platform and will enable users to connect with ecosystem stakeholders, access free learning resources, tools and templates on legal, HR, and accounting and regulatory issues and discussion forums. The Hub has also aggregated over 50 relevant Govt schemes/programs. 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.
The launch event was kick-started by a panel discussion on ‘Navigating the Startup Landscape’ with a representative each from the startup, investor, incubator, accelerator, and mentor communities. The discussion was followed by an address by Shri Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion who made a presentation on various initiatives taken up under the Startup India Initiative.
In his closing remarks, Joint Secretary Shri Rajiv Aggarwal requested all the members of the ecosystem to register on the Hub.