The BHASKAR initiative (Bharat Startup Knowledge Access Registry), launched by DPIIT (Department for Promotion of Industry and Internal Trade), aims to centralize and enhance collaboration within India’s startup ecosystem, fostering innovation and entrepreneurship through a comprehensive digital platform.
About the BHASKAR Initiative:
- It is a digital platform designed to centralize, streamline, and enhance collaboration among startups, investors, mentors, service providers, and government bodies.
- Alignment with Government Vision: The initiative supports the Government of India’s vision to transform India into a global leader in innovation and entrepreneurship.
Empowering Innovation:
- Startup Landscape: India has over 1,46,000 DPIIT-recognized startups, positioning itself as one of the world’s most dynamic startup hubs.
- Functionality: BHASKAR will act as a one-stop digital platform addressing the challenges faced by entrepreneurs and investors.
- Digital Registry: To create the world’s largest digital registry for stakeholders in the startup ecosystem.
Key Features of BHASKAR:
- Networking and Collaboration: Bridges the gap between startups and other stakeholders for seamless interactions.
- Centralized Access to Resources: Provides immediate access to critical tools and knowledge for faster decision-making and scaling.
- Personalized Identification: Assigns a unique BHASKAR ID to each stakeholder, ensuring tailored interactions.
- Enhanced Discoverability: Powerful search features allow users to easily locate resources, collaborators, and opportunities.
- Supporting India’s Global Brand: Promotes India as a hub for innovation, facilitating cross-border collaborations for startups and investors.
Importance of BHASKAR:
- Significant Step Forward: Launching BHASKAR marks a crucial advancement in promoting innovation, entrepreneurship, and job creation in India.
- Central Hub: It will serve as a meeting point for collaboration, idea exchange, and growth acceleration within the startup ecosystem.
Supporting Initiatives:
- Recognition Criteria for Startups:
- Must be incorporated within the last 10 years.
- Can be a private limited company, partnership firm, or limited liability partnership.
- Turnover should be less than INR 100 crores in any previous financial year.
- Other Government Initiatives:
- Atal Incubation Centers by the NITI Aayog.
- MAARG portal (Mentorship, Advisory, Assistance, Resilience, and Growth) by DPIIT.
- Fund of Funds for Startups (FFS) Scheme.
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Frequently Asked Question:
What is the objective of the BHASKAR initiative?
The BHASKAR initiative aims to centralize collaboration among startups, investors, and government bodies, strengthening India’s startup ecosystem.
How will BHASKAR benefit the startup ecosystem?
BHASKAR will streamline access to resources, enhance networking, and provide personalized tools for startups, investors, and mentors.
What is the role of the BHASKAR ID?
The BHASKAR ID uniquely identifies stakeholders, offering personalized and seamless interactions within the digital platform.
How many startups are recognized under DPIIT in India?
Over 1,46,000 startups are recognized under DPIIT, making India a dynamic hub for innovation and entrepreneurship.
What are some key government initiatives supporting startups?
Initiatives like the Atal Incubation Centers, MAARG portal, and Fund of Funds for Startups support entrepreneurship and innovation in India.