Minister of State (Independent Charge) for Commerce & Industry Smt. Nirmala Sitharaman, launched the Startup India Virtual Hub on June 19, 2017. The Hub is an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other. The portal will host Startups, investors, funds, mentors, academia, incubators, accelerators, corporates, Government bodies and more. The Hub attempts to solve the problem of information asymmetry and lack of access to knowledge, tools, & experts, especially in the nascent ecosystems across Tier II and III towns.
The launch event of the Hub started with a discussion on "Navigating the Startup Landscape" with stakeholders of the Startup ecosystem namely, investor, incubator, accelerator, and mentor communities. The discussion was followed by an address by Secretary, Department of Industrial Policy and Promotion, Shri Ramesh Abhishek who made a presentation on various initiatives taken up under the Startup India Initiative.
The launch also witnessed a short film on Startup India initiative which captures the benefits for Startups under the 19 action items of Startup India Action Plan spanning across areas such as "Simplification and handholding", "Funding support and incentives" and "Industry-academia partnership and incubation".
Find out more on the progress of the Startup India programme: