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Nirmala Sitharaman Launches Startup India Virtual Hub

News18.com

Updated: June 20, 2017, 1:03 PM IST
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Nirmala Sitharaman Launches Startup India Virtual Hub
File image of Nirmala Sitharaman. (Photo Credit: PTI)
New Delhi: India is the world’s third largest startup ecosystem in the world, and to further cement that position, Commerce and Industry Minister Nirmala Sitharaman on Tuesday launched the Startup India Virtual Hub.

The Hub is an online platform for entrepreneurs to discover, connect and engage with each other. The government is claiming that the platform will attempt to solve “the problem of information asymmetry and lack of access to knowledge, tools and experts, especially in the nascent ecosystems across Tier-II and Tier-III towns”.

“Startup India Virtual Hub is an effort to create a marketplace where all the stakeholders can interact, exchange knowledge, and enable each other to grow. It will streamline the lifecycle of existing and potential startups, helping them access the right resources at the right time,” said Sitharaman.

The minister also announced a new initiative, wherein a startup exchange program would be organised among the SAARC nations.

Startup India Hub has also partnered with various organizations to build knowledge modules, as well as getting entrepreneurs and investors on-board. To ensure accessibility across various platforms, dedicated Apps are also made available on both Android and iOS.

The Hub has also aggregated over 50 relevant Government schemes and programs. In the next phase, the platform hopes to also aggregate schemes available across various state governments.
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