Tuesday, January 26, 2016

Startup India Mission : What is the Objective ?

Objective of  Startup India  

To create a single point of contact for the entire Startup ecosystem and enable knowledge exchange and access to funding

Young  Indians today have the conviction to venture out  on their  own  and a conducive ecosystem lets them watch their  ideas come to life. In todays environment we have more Startups and entrepreneurs than ever before and the movement is at the cusp of a revolution. However, many Startups do  not reac h their  full potential due to limited  guidance and access.

The  Government of India has taken various measures to improve the ease of doing  business and is also  building an  exciting and enabling environment for these Startups, with the launch of the Startup India” movement.

The Startup India Hub” will be a key stakeholder in this vibrant ecosystem and will:

      Work  in a hub  and spoke model and collaborate with  Central & State governments, Indian  and foreign VCs, angel networks, banks, incubators, legal  partners,  consultants, universities and R&D institutions

      Assist Startups  through their   lifecycle  with  specific focus on  important aspects  like obtaining financing, feasibility testing,  business   structuring  advisory,  enhancement  of   marketing  skills, technology commercialization and management evaluation

      Organize mentorship  programs  in  collaboration  with   governmen organizations,  incubation centers, educational institutions and private organizations who aspire to foster innovation.

To all young  Indians who have the courage to enter an environment of risk, the Startup India Hub will be their  friend,  mentor and guide to hold their  hand and walk with them through this journey.
[As stated by Department of Industrial Policy and Promotion]

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