India’s startup ecosystem has rapidly evolved over the past decade, emerging as one of the largest and most dynamic ecosystems in the world. To provide active support to India’s continuously growing startup arena, the Department for Promotion of Industry and Internal Trade (DPIIT), has launched an innovative digital platform the Bharat Startup Knowledge Access Registry (BHASKAR).
With the rise in unicorn startups, India needs such platform that will serve as a comprehensive resource hub, offering tools and knowledge that facilitate the entire entrepreneurial journey, from ideation to execution. This initiative is part of the Startup India program and will centralize collaboration among various stakeholders, including startups, investors, mentors, service providers, and government bodies.
Aligned with the government’s vision, this platform aims to empower entrepreneurs by addressing the challenges they face. It will leverage the potential of India’s vibrant startup community, which consists of over 146,000 DPIIT-recognized startups. This will introduce personalized BHASKAR IDs for each participant, allowing for easier interaction and enhanced discoverability of relevant opportunities.
This initiative will act as a catalyst for networking and collaboration among startups, investors, and mentors, facilitating smooth interactions. By consolidating resources, BHASKAR will provide immediate access to essential tools and knowledge, enabling faster decision-making and scaling for startups. Furthermore, it will provide personalized experiences and interactions, while powerful search functionalities will allow users to locate relevant resources and collaborators with ease.
The launch of BHASKAR marks a crucial step forward in the government’s continuous initiatives to foster innovation, entrepreneurship, and job creation in the country. It will act as a central hub where stakeholders can come together to exchange ideas, collaborate, and drive growth. By enhancing accessibility to knowledge and resources, BHASKAR aims to unlock the full potential of India’s startup ecosystem, positioning the country as a global leader in entrepreneurship.
As India’s startup landscape continues to evolve and mature, this digital platform will significantly enhance the nation’s global reputation as a vibrant center for innovation, encouraging cross-border collaborations to drive sustained economic growth. This transformative initiative reflects a steadfast commitment to building a strong foundation for startups, ensuring that every entrepreneur has access to the necessary resources to innovate and thrive in the future.