BHASKAR: Platform For India’s Startup Ecosystem

• 20 Sep 2024

Source: PIB

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry is set to launch the Bharat Startup Knowledge Access Registry (BHASKAR), a platform under the Startup India program, aimed at enhancing collaboration and innovation within the country's startup ecosystem.

• BHASKAR is designed to centralize and streamline interaction among startups, investors, mentors, service providers, and government bodies, with the primary goal of building the world’s largest digital registry for stakeholders, facilitating seamless collaboration and access to resources.
• The platform will serve over 1,46,000 DPIIT-recognised startups, enabling personalized engagement through BHASKAR IDs for each stakeholder.
• The platform is expected to drive innovation, job creation, and the overall growth of India's startup ecosystem, aligning with the country's vision to become a global leader in entrepreneurship.
• Current Scenario of India’s Startup Ecosystem: India ranks 3rd globally in the startup ecosystem. Between 2014 and 2023, the number of startups in the country surged from approximately 7,000 to over 80,000.
  • The country has seen the rise of over 100 unicorns and a few decacorns, reflecting the maturity and success of Indian startups.

Read More: Indian Startup Ecosystem, India’s Startup Ecosystem, Six Years of Digital India Programme