Department of Industrial Policy and Promotion, in the quest to provide cushioning to start-ups, plans to launch a new platform within 30 days.
The government had launched the ‘Startup India’ campaign in January last year and had announced an action plan to encourage the start-ups in the country, which includes various incentives for start-ups such as greater access to capital, incubation and appropriate talent for these entities.
Inspired from Linked-in, DIPP takes the ‘Start-up India’ campaign to a new level, with a view to launch a user-friendly portal, website and a mobile application.
The ‘Start-up India’ campaign was launched back in January last year. The Start-up era has made India to get featured on top 50 on the World Bank Business Report, pertaining to certain criteria. DIPP is making such efforts to push the ranks further.
Let’s navigate through the new platform:
Bridging The Communication Barrier: Such platforms provide extensive channel to the start-ups to connect to various:
- Incubators
- Accelerators
- Mentors
- Investors
- Invest India, the government investment promotion and facilitation agency.
With just one click, Start-ups will have a privilege to directly interact and mitigate their problems if any.
Transparency In Dealing With Government Departments: There will be a transparent platform for the exchange of information between all the stakeholders. Start-ups will now have first-hand information about:
- Various notifications or circulars
- Various clearances or approvals
- Information about incubation
- Various tax benefits
- Scheme and fund distribution, both state and industry wise.
- New rules or any amendments, if any.
Efficiency In Registration
The portal will provide a speedy mechanism for registration. A start-up can be registered and will the granted validation for being an eligible Start-up entity in just 24 hours.
Provide Free Consultation
In affiliation with various legal Start-ups, the portal aims to provide free legal consultation to Start-ups. Moreover, there is a provision for an instant Chatbox, which caters to all your queries.
The portal has already been a success in its soft launch with just 150 members. The government is expecting more than 90,000 members by the end of the year. As of March,2017 there are already 742 entities, which are recognised under the ‘Start-up India’ program.
