• UGI USER
  • Sep 16, 2024
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DPIIT Launches BHASKAR Platform to Boost Startups

Why in the News?

  • The Department for Promotion of Industry and Internal Trade (DPIIT) is preparing to introduce a digital platform named BHASKAR (Bharat Startup Knowledge Access Registry).
  • BHASKAR aims to support India’s startup ecosystem and foster innovation and entrepreneurship in line with the government’s vision.

Purpose of BHASKAR:

  • BHASKAR will centralise and streamline communication and collaboration among key stakeholders in the startup ecosystem.
  • It is designed to bridge the gap between startups, investors, mentors, and other stakeholders, enabling seamless interaction across various sectors.

Impact on Startup Ecosystem

  • By promoting efficient collaboration between stakeholders, the platform aims to strengthen the entrepreneurial landscape in India.
  • It will contribute to transforming India into a global leader in innovation, enhancing the growth potential of the nation’s startups.

What is BHASKAR?

  • BHASKAR stands for Bharat Startup Knowledge Access Registry.
  • It is a digital platform designed to centralise information and resources for startups, investors, mentors, and service providers.
  • Provides users with a unique BHASKAR ID for personalised opportunities and networking.

Key Features of BHASKAR

  • Networking and Collaboration: Facilitates connections between startups, investors, and mentors across sectors.
  • Access to Resources: Startups gain immediate access to essential tools and information for faster growth.
  • Personalised Identification: Users receive a unique BHASKAR ID for tailored experiences.
  • Enhanced Search Tools: Easier discovery of relevant resources and collaborators.
  • Global Recognition: Enhances India’s role as a global innovation leader.

Impact on Startups

  • Promoting Innovation: Helps startups scale efficiently by providing centralised resources and collaboration opportunities.
  • Job Creation: Fosters entrepreneurship, contributing to job growth and economic development.
  • Global Partnerships: Supports cross-border collaborations, elevating India’s startup ecosystem globally.
  • Boost to Startup Ecosystem: BHASKAR serves as a hub, driving growth, innovation, and positioning India as a key player in global entrepreneurship.

Sources Referred:

PIB, The Hindu, Indian Express, Hindustan Times