The Union commerce ministry's Department for Promotion of Industry and Internal Trade (DPIIT), is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR) – a digital platform aimed at strengthening the country’s startup ecosystem.
The platform is set to be launched on September 16, and promises to be a "game-changer for India’s innovation ecosystem", according to a government statement.
The initiative, under the government’s Startup India programme, is a platform designed to centralise, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.
It aligns with the Government of India’s vision to transform India into a global leader in innovation and entrepreneurship, reinforcing the country’s commitment to the startup movement.
India is currently home to more than 1,46,000 DPIIT-recognised startups and has rapidly transformed into one of the world’s most dynamic startup hubs, the Commerce Ministry said in a release on September 15. BHASKAR seeks to leverage this potential by providing an all-encompassing, one-stop digital platform that addresses the challenges faced by entrepreneurs and investors alike, the ministry added.
By serving as a centralised registry, BHASKAR will enable seamless access to a wide array of resources, tools, and knowledge that will help fuel the entrepreneurial journey from ideation to execution. It is designed to foster a conducive environment for networking, collaboration, and growth within the startup ecosystem.
By providing personalised BHASKAR IDs for each stakeholder, the platform will facilitate easier interaction, enhance searchability, and allow for efficient discovery of relevant opportunities and partnerships.
Key features of BHASKAR
The primary goal of BHASKAR is to build the world’s largest digital registry for stakeholders within the startup ecosystem. Here’s are key features that will help the platform will achieve this:
Networking and collaboration: BHASKAR will bridge the gap between startups, investors, mentors, and other stakeholders, allowing for seamless interaction across sectors.
Providing centralised access to resources: By consolidating resources, the platform will provide startups with immediate access to critical tools and knowledge, enabling faster decision-making and more efficient scaling.
Creating personalised identification: Every stakeholder will be assigned a unique BHASKAR ID, ensuring personalised interactions and tailored experiences across the platform.
Enhancing discoverability: Through powerful search features, users can easily locate relevant resources, collaborators, and opportunities, ensuring faster decision-making and action.
Supporting India’s global brand: BHASKAR will serve as a vehicle for promoting India’s global reputation as a hub for innovation, making cross-border collaborations more accessible to startups and investors alike.
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