By TIOL News Service

NEW DELHI, SEP 16, 2024: THE Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, is set to launch a groundbreaking digital platform aimed at strengthening India's startup ecosystem. The Bharat Startup Knowledge Access Registry (BHASKAR) initiative, under the Startup India program, is a platform designed to centralize, streamline, and enhance collaboration among key stakeholders within the entrepreneurial ecosystem, including startups, investors, mentors, service providers, and government bodies.

This initiative 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.

Empowering Innovation Through a Centralized Platform

India, home to over 1,46,000 DPIIT-recognized startups, has rapidly become one of the world's most dynamic startup hubs. 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. By serving as a centralized 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.

BHASKAR is designed to foster a conducive environment for networking, collaboration, and growth within the startup ecosystem. By providing personalized 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. To achieve this, the platform will offer several key features:

Networking and Collaboration: BHASKAR will bridge the gap between startups, investors, mentors, and other stakeholders, allowing for seamless interaction across sectors.

Providing Centralized 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 Personalized Identification: Every stakeholder will be assigned a unique BHASKAR ID, ensuring personalized 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. 

Driving Forward India's Startup Ecosystem

The launch of BHASKAR marks a significant step forward in the government's ongoing efforts to promote innovation, entrepreneurship, and job creation. It will serve as a central hub where startups, investors, service providers, and government bodies can come together to collaborate, exchange ideas, and accelerate growth.

By facilitating easy access to knowledge and resources, BHASKAR will help unlock the full potential of India's startup ecosystem, driving the country's emergence as a global leader in entrepreneurship. The platform will be pivotal in creating a more resilient, inclusive, and innovation-driven economy, laying the foundation for a prosperous future.

The Government of India invites all stakeholders to become part of this transformative initiative. BHASKAR is poised to redefine India's startup landscape and create a more connected, efficient, and collaborative environment for entrepreneurship. The platform is set to be launched tomorrow and promises to be a game-changer for India's innovation ecosystem. 

BHASKAR: Shaping the Future of India's Startups

As India's startup ecosystem continues to grow, BHASKAR will play a critical role in enhancing the country's global standing in entrepreneurship. By fostering a culture of collaboration, the platform will help startups overcome challenges and build innovative solutions that address the needs of tomorrow.

With the launch of BHASKAR, the Government of India is reinforcing its commitment to making India a leader in global innovation, entrepreneurship, and economic growth.