“We will be giving them a formal profile and log-in details so that their application procedures can go live on the Startup India Hub,” said Anand.
At present, the Startup India Hub has been developed as a key initiative under the Modi government’s flagship Startup India programme and claims to be a one-stop resource platform for all stakeholders in the startup ecosystem including startups, venture investors, mentors, academia, incubators and accelerators.
The portal has listed about 167 schemes that hold various benefits for startups. Some of these include – Technology Development Programme, Software Technology Park scheme, Support for International Patent Protection, Electronic Development Fund Policy, Bank Credit Facilitation and Performance & Credit Rating Scheme.
“We are in the process of adding mo re functionalities to the virtual hub to make it more effective as a platform,” said Karan Anand, assistant vice-president, Invest India. “The real challenge is that people don’t know about government schemes. Currently , we are only showing the schemes on the platform but the next step is to allow startups to apply for these schemes and enable them to track their application form’s status online.”
To make the Startup India Hub more effective and to open up the plat form to more stakeholders, Startup India Hub will host an all-stakeholder event in August involving accelerators, incubators and venture funds.
“We will be giving them a formal profile and log-in details so that their application procedures can go live on the Startup India Hub,” said Anand. “We have recently tied up with companies that have launched funds including BPCL with whom we have signed an MoU to help them invest the fund.”