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Commerce and Industry Minister Piyush Goyal to Launch BHASKAR Initiative for Startup Ecosystem

• ByStartupStory     |    September 16, 2024

On Monday, Commerce and Industry Minister Piyush Goyal will officially launch the Bharat Startup Knowledge Access Registry (BHASKAR), a groundbreaking initiative aimed at revolutionizing India’s entrepreneurial landscape. BHASKAR is set to become a central hub where startups, investors, service providers, and government bodies can collaborate, exchange ideas, and accelerate growth.

According to an official statement, the BHASKAR initiative will significantly enhance collaboration among key stakeholders within the entrepreneurial ecosystem. This includes startups, investors, mentors, service providers, and government bodies. The primary goal of BHASKAR is to create the world’s largest digital registry for stakeholders within the startup ecosystem. The platform will offer several key features designed to foster networking and collaboration, provide centralized access to resources, create personalized identification, enhance discoverability, and support India’s global brand.

“BHASKAR will bridge the gap between startups, investors, mentors, and other stakeholders, allowing for seamless interaction across sectors,” the statement said. It also highlighted that by consolidating resources, the platform will provide startups with immediate access to critical tools and knowledge, enabling faster decision-making and more efficient scaling. Each stakeholder will be assigned a unique BHASKAR ID, ensuring personalized interactions and tailored experiences across the platform.

The platform’s powerful search features will enable users to easily locate relevant resources, collaborators, and opportunities, facilitating faster decision-making and action. BHASKAR is also poised to serve as a vehicle for promoting India’s global reputation as a hub for innovation. By making cross-border collaborations more accessible, it will help unlock the full potential of India’s startup ecosystem, driving the country’s emergence as a global leader in entrepreneurship.

The government is extending an invitation to all stakeholders to join this transformative initiative. BHASKAR is expected to redefine India’s startup landscape, creating a more connected, efficient, and collaborative environment for entrepreneurship. As India, home to over 146,000 government-recognized startups, rapidly establishes itself as one of the world’s most dynamic startup hubs, BHASKAR aims to leverage this potential by providing a comprehensive, one-stop digital platform that addresses the challenges faced by entrepreneurs and investors alike.

By serving as a centralized registry, BHASKAR will enable seamless access to a wide array of resources, tools, and knowledge, helping to fuel the entrepreneurial journey from ideation to execution.

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