India’s startup segment has grown rapidly over the past few years and the country has now become a hotspot for innovation equipped with more than 146,000 government-recognized startups. However, finding the right resources, investors and mentors can be tough for many entrepreneurs. Commerce and Industry Minister Piyush Goyal has lately launched Bharat Startup Knowledge Access Registry (BHASKAR) to ease the system.
BHASKAR is an ambitious initiative designed to bring together all key players in the startup world. Every stakeholder will get a personalized BHASKAR ID. This will help them to access tailored resources and opportunities. This means that the startups can find the right investors, mentors or service providers more quickly.
BHASKAR could also help India to strengthen its reputation as a global innovation hub. The platform is designed to make easier for international investors and partners to connect with Indian startups.
The true impact of BHASKAR will be known after it has been in use for some time. The success basically depends on implementation and rapid adoption by the stakeholders. Both the government as well as private sector needs to ensure that the platform is easy to use, up-to-date and even full of valuable resources.
BHASKAR has the potential to transform India’s startup ecosystem. It can make India an even stronger player on the global innovation stage. It can help entrepreneurs in navigating challenges of building successful businesses.
BHASKAR is not just a platform, but a sign that India is serious about supporting its startups. The future of India’s startup ecosystem looks brighter than ever with better access to resources and connections.
